AAR (NYSE:AIR) Reaches New 1-Year High – What’s Next?

AAR Corp. (NYSE:AIR)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $135.19 and last traded at $134.0290, with a volume of 56530 shares. The stock had previously closed at $132.14.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on AIR shares. Truist Financial upgraded AAR to a “strong-buy” rating in a research note on Friday, May 1st. KeyCorp raised their target price on shares of AAR from $120.00 to $132.00 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. Zacks Research downgraded shares of AAR from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Jefferies Financial Group boosted their price objective on shares of AAR to $150.00 and gave the company a “buy” rating in a research report on Tuesday, March 24th. Finally, Wall Street Zen cut AAR from a “strong-buy” rating to a “buy” rating in a report on Sunday. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, AAR has a consensus rating of “Moderate Buy” and an average target price of $131.20.

AAR Price Performance

The company has a quick ratio of 1.23, a current ratio of 2.70 and a debt-to-equity ratio of 0.54. The stock has a market cap of $5.29 billion, a PE ratio of 29.47 and a beta of 1.13. The company’s fifty day moving average is $115.46 and its 200 day moving average is $106.20.

AAR (NYSE:AIR) last released its earnings results on Tuesday, March 24th. The aerospace company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.04. The company had revenue of $845.10 million during the quarter, compared to the consensus estimate of $812.58 million. AAR had a net margin of 5.46% and a return on equity of 12.39%. The company’s revenue was up 24.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.99 EPS. As a group, sell-side analysts anticipate that AAR Corp. will post 4.97 earnings per share for the current fiscal year.

Insider Buying and Selling at AAR

In related news, CEO John Mcclain Holmes III sold 26,175 shares of the company’s stock in a transaction that occurred on Friday, March 27th. The stock was sold at an average price of $107.60, for a total transaction of $2,816,430.00. Following the sale, the chief executive officer directly owned 235,064 shares of the company’s stock, valued at approximately $25,292,886.40. This represents a 10.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On AAR

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of AAR during the first quarter worth $25,000. McMillan Office Inc. purchased a new stake in shares of AAR during the 4th quarter worth about $25,000. Osterweis Capital Management Inc. acquired a new position in AAR in the second quarter worth approximately $26,000. Morse Asset Management Inc bought a new position in shares of AAR during the 3rd quarter valued at $27,000. Finally, NBC Securities Inc. acquired a new stake in shares of AAR in the 4th quarter valued at $28,000. Institutional investors own 90.74% of the company’s stock.

AAR Company Profile

AAR Corp. (NYSE: AIR) is a global provider of aviation products and services to commercial, government and defense customers. The company offers a comprehensive portfolio of maintenance, repair and overhaul (MRO) solutions, component repair and overhaul, and engineering services designed to support a wide variety of fixed-wing and rotary aircraft. Leveraging FAA and EASA certifications, AAR delivers turnkey maintenance programs and ad hoc repair services that enhance aircraft availability and reliability.

In its Aviation Supply Chain Services segment, AAR sources, stores and distributes parts for both commercial airlines and military operators.