AAR (NYSE:AIR) Rating Lowered to "Sell" at StockNews.com

AAR (NYSE:AIR - Get Free Report) was downgraded by research analysts at StockNews.com from a "hold" rating to a "sell" rating in a report issued on Saturday.

Other equities analysts also recently issued research reports about the company. Truist Financial dropped their target price on AAR from $81.00 to $78.00 and set a "buy" rating on the stock in a report on Friday. KeyCorp initiated coverage on shares of AAR in a research note on Thursday, January 16th. They issued an "overweight" rating and a $83.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, AAR currently has an average rating of "Moderate Buy" and a consensus target price of $80.80.

AAR Trading Down 1.0 %

Shares of AIR traded down $0.58 during midday trading on Friday, hitting $55.41. The stock had a trading volume of 399,399 shares, compared to its average volume of 279,971. The business has a 50-day simple moving average of $66.06 and a two-hundred day simple moving average of $65.29. The firm has a market cap of $1.99 billion, a P/E ratio of 197.91 and a beta of 1.58. The company has a current ratio of 2.68, a quick ratio of 1.27 and a debt-to-equity ratio of 0.84. AAR has a fifty-two week low of $54.22 and a fifty-two week high of $76.34.

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

Insider Buying and Selling

In other AAR news, SVP Christopher A. Jessup sold 33,481 shares of the stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $70.40, for a total transaction of $2,357,062.40. Following the transaction, the senior vice president now directly owns 63,209 shares of the company's stock, valued at $4,449,913.60. This represents a 34.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO John Mcclain Holmes III sold 5,000 shares of the business's stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $70.81, for a total value of $354,050.00. Following the completion of the sale, the chief executive officer now directly owns 341,680 shares of the company's stock, valued at $24,194,360.80. This represents a 1.44 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 185,793 shares of company stock worth $12,538,396. Insiders own 4.10% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Putney Financial Group LLC bought a new stake in AAR during the fourth quarter valued at about $30,000. Public Employees Retirement System of Ohio boosted its stake in AAR by 8.1% during the 4th quarter. Public Employees Retirement System of Ohio now owns 57,811 shares of the aerospace company's stock valued at $3,543,000 after purchasing an additional 4,338 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in AAR by 21.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 93,096 shares of the aerospace company's stock valued at $5,705,000 after buying an additional 16,645 shares during the last quarter. Virtus Fund Advisers LLC bought a new position in AAR in the 4th quarter worth approximately $36,000. Finally, Virtus Investment Advisers Inc. acquired a new position in shares of AAR during the fourth quarter worth approximately $519,000. 90.74% of the stock is currently owned by institutional investors and hedge funds.

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.