AAR (NYSE:AIR) Coverage Initiated at KeyCorp

KeyCorp started coverage on shares of AAR (NYSE:AIR - Free Report) in a research report report published on Thursday morning, Marketbeat Ratings reports. The firm issued an overweight rating and a $83.00 price objective on the aerospace company's stock.

A number of other brokerages have also issued reports on AIR. Royal Bank of Canada restated an "outperform" rating and set a $75.00 target price on shares of AAR in a research report on Monday, November 4th. Benchmark reissued a "buy" rating and set a $83.00 price objective on shares of AAR in a research report on Friday, October 4th. Finally, StockNews.com cut shares of AAR from a "hold" rating to a "sell" rating in a report on Thursday, January 9th. One analyst has rated the stock with a sell rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $81.50.

AAR Stock Performance

AIR traded up $1.10 on Thursday, reaching $70.61. The company had a trading volume of 152,669 shares, compared to its average volume of 385,825. The company has a quick ratio of 1.45, a current ratio of 2.68 and a debt-to-equity ratio of 0.84. AAR has a 1 year low of $54.71 and a 1 year high of $76.34. The stock has a market capitalization of $2.54 billion, a PE ratio of 252.17 and a beta of 1.61. The stock has a 50-day moving average price of $65.52 and a 200-day moving average price of $65.19.

AAR (NYSE:AIR - Get Free Report) last posted its earnings results 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. The business had revenue of $686.10 million during the quarter, compared to the consensus estimate of $654.47 million. AAR had a return on equity of 10.46% and a net margin of 0.41%. The business's quarterly revenue was up 25.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.81 EPS. As a group, research analysts forecast that AAR will post 3.75 EPS for the current fiscal year.

Insider Transactions at AAR

In other AAR news, 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 completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO John Mcclain Holmes III sold 128,427 shares of the business's stock in a transaction on Friday, January 10th. The stock was sold at an average price of $66.76, for a total transaction of $8,573,786.52. Following the sale, the chief executive officer now owns 346,680 shares in the company, valued at $23,144,356.80. The trade was a 27.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 147,312 shares of company stock worth $9,827,284. Company insiders own 4.10% of the company's stock.

Institutional Trading of AAR

Several hedge funds and other institutional investors have recently made changes to their positions in AIR. Westwood Holdings Group Inc. purchased a new position in AAR in the second quarter valued at about $77,754,000. Allspring Global Investments Holdings LLC grew its holdings in shares of AAR by 32.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 732,957 shares of the aerospace company's stock worth $47,906,000 after acquiring an additional 181,518 shares during the period. Thrivent Financial for Lutherans increased its stake in AAR by 83.6% in the 2nd quarter. Thrivent Financial for Lutherans now owns 297,482 shares of the aerospace company's stock valued at $21,627,000 after purchasing an additional 135,445 shares in the last quarter. Loomis Sayles & Co. L P raised its holdings in AAR by 20.5% during the third quarter. Loomis Sayles & Co. L P now owns 790,267 shares of the aerospace company's stock worth $51,652,000 after purchasing an additional 134,215 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in AAR by 13.4% during the third quarter. Franklin Resources Inc. now owns 969,741 shares of the aerospace company's stock worth $59,591,000 after purchasing an additional 114,460 shares in the last quarter. Institutional investors and hedge funds own 90.74% of the company's stock.

AAR Company Profile

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.