AAR (NYSE:AIR) Upgraded to "Strong-Buy" at KeyCorp

AAR (NYSE:AIR - Get Free Report) was upgraded by investment analysts at KeyCorp to a "strong-buy" rating in a research report issued on Wednesday,Zacks.com reports. KeyCorp also issued estimates for AAR's FY2025 earnings at $3.83 EPS and FY2026 earnings at $4.63 EPS.

AIR has been the subject of several other research reports. Benchmark reiterated a "buy" rating and issued a $83.00 price objective on shares of AAR in a research note on Friday, October 4th. StockNews.com lowered AAR from a "hold" rating to a "sell" rating in a report on Thursday, January 9th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $75.00 price target on shares of AAR in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $81.50.

AAR Stock Down 0.5 %

Shares of AAR stock traded down $0.36 on Wednesday, hitting $70.25. The company had a trading volume of 165,600 shares, compared to its average volume of 376,495. The stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of 250.91 and a beta of 1.61. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.45 and a current ratio of 2.68. AAR has a 1 year low of $54.71 and a 1 year high of $76.34. The stock has a 50 day moving average of $65.68 and a 200-day moving average of $65.23.

AAR (NYSE:AIR - Get Free Report) last issued its quarterly earnings data on Tuesday, January 7th. The aerospace company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.07. AAR had a return on equity of 10.46% and a net margin of 0.41%. The business had revenue of $686.10 million for the quarter, compared to analysts' expectations of $654.47 million. During the same period last year, the business earned $0.81 EPS. The business's revenue was up 25.8% on a year-over-year basis. As a group, sell-side analysts forecast that AAR will post 3.75 earnings per share for the current year.

Insider Transactions at AAR

In related news, SVP Christopher A. Jessup sold 33,481 shares of AAR stock in a transaction that occurred on Thursday, January 16th. The shares were 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 directly owns 63,209 shares in the company, valued at approximately $4,449,913.60. The trade was a 34.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Jessica A. Garascia sold 1,500 shares of the stock in a transaction on Friday, January 10th. The stock was sold at an average price of $66.90, for a total value of $100,350.00. Following the sale, the chief accounting officer now owns 37,565 shares in the company, valued at approximately $2,513,098.50. This represents a 3.84 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 180,793 shares of company stock worth $12,184,346. 4.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Inspire Investing LLC boosted its position in shares of AAR by 3.3% in the fourth quarter. Inspire Investing LLC now owns 6,505 shares of the aerospace company's stock valued at $399,000 after acquiring an additional 205 shares during the period. SG Americas Securities LLC bought a new position in shares of AAR in the fourth quarter worth $1,539,000. Sheets Smith Wealth Management raised its position in shares of AAR by 3.2% in the fourth quarter. Sheets Smith Wealth Management now owns 7,015 shares of the aerospace company's stock worth $430,000 after buying an additional 220 shares in the last quarter. ZWJ Investment Counsel Inc. bought a new stake in AAR during the fourth quarter valued at $203,000. Finally, Shelton Wealth Management LLC purchased a new position in AAR during the fourth quarter worth about $1,068,000. Hedge funds and other institutional investors own 90.74% of the company's stock.

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.