AAR Corp. (NYSE:AIR) Given Consensus Rating of "Buy" by Brokerages

Shares of AAR Corp. (NYSE:AIR - Get Free Report) have been assigned a consensus rating of "Buy" from the five brokerages that are presently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $80.80.

Several research analysts have recently commented on the company. KeyCorp started coverage on AAR in a research report on Thursday, January 16th. They issued an "overweight" rating and a $83.00 price target for the company. StockNews.com downgraded shares of AAR from a "hold" rating to a "sell" rating in a report on Saturday. Finally, Truist Financial lowered their price target on shares of AAR from $81.00 to $78.00 and set a "buy" rating on the stock in a report on Friday.

Insider Transactions at AAR

In other news, CEO John Mcclain Holmes III sold 128,427 shares of the stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $66.76, for a total value of $8,573,786.52. Following the transaction, the chief executive officer now directly owns 346,680 shares of the company's stock, valued at approximately $23,144,356.80. This represents a 27.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Christopher A. Jessup sold 33,481 shares of the firm's stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $70.40, for a total value of $2,357,062.40. Following the completion of the transaction, the senior vice president now owns 63,209 shares of the company's stock, valued at approximately $4,449,913.60. The trade was a 34.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 185,793 shares of company stock worth $12,538,396. Insiders own 4.10% of the company's stock.

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Hedge Funds Weigh In On AAR

Several hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its holdings in shares of AAR by 9.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 40,737 shares of the aerospace company's stock valued at $2,663,000 after acquiring an additional 3,612 shares during the last quarter. SG Americas Securities LLC purchased a new stake in AAR in the fourth quarter valued at $1,539,000. Charles Schwab Investment Management Inc. raised its stake in shares of AAR by 3.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 538,125 shares of the aerospace company's stock valued at $32,976,000 after buying an additional 19,863 shares during the last quarter. Shelton Wealth Management LLC purchased a new stake in shares of AAR in the fourth quarter worth about $1,068,000. Finally, Barclays PLC raised its position in AAR by 269.4% during the third quarter. Barclays PLC now owns 66,223 shares of the aerospace company's stock valued at $4,328,000 after acquiring an additional 48,298 shares in the last quarter. Institutional investors and hedge funds own 90.74% of the company's stock.

AAR Stock Down 1.0 %

AAR stock traded down $0.58 during midday trading on Friday, hitting $55.41. 399,399 shares of the company's stock were exchanged, compared to its average volume of 279,971. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.27 and a current ratio of 2.68. The company has a market cap of $1.99 billion, a PE ratio of 197.91 and a beta of 1.58. The firm has a 50-day moving average of $66.06 and a two-hundred day moving average of $65.29. AAR has a 12 month low of $54.22 and a 12 month high of $76.34.

AAR (NYSE:AIR - Get Free Report) last issued its quarterly earnings data on Thursday, March 27th. The aerospace company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.03. The company had revenue of $678.20 million for the quarter, compared to analyst estimates of $699.13 million. AAR had a net margin of 0.41% and a return on equity of 10.46%. AAR's revenue was up 19.5% compared to the same quarter last year. During the same period last year, the company posted $0.85 earnings per share. As a group, analysts expect that AAR will post 3.77 earnings per share for the current fiscal year.

About AAR

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. The Parts Supply segment leases and sells aircraft components and replacement parts. The Repair & Engineering segment provides airframe maintenance services, such as airframe inspection, painting, line maintenance, airframe modification, structural repair, avionics service and installation, exterior and interior refurbishment, and engineering and support services; component repair services comprising maintenance, repair, and overhaul (MRO) services, engine and airframe accessories, and interior refurbishment; and landing gear overhaul services, including repair services on wheels and brakes.