Truist Financial Issues Pessimistic Forecast for AAR (NYSE:AIR) Stock Price

AAR (NYSE:AIR - Get Free Report) had its target price reduced by analysts at Truist Financial from $81.00 to $78.00 in a research report issued to clients and investors on Friday, Marketbeat reports. The brokerage presently has a "buy" rating on the aerospace company's stock. Truist Financial's price target points to a potential upside of 40.76% from the stock's previous close.

AIR has been the subject of a number of other research reports. StockNews.com lowered shares of AAR from a "hold" rating to a "sell" rating in a report on Wednesday, February 5th. KeyCorp began coverage on AAR in a report on Thursday, January 16th. They issued an "overweight" rating and a $83.00 target price for the company. One investment analyst has rated the stock with a sell rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus 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 mid-day trading on Friday, reaching $55.41. 399,399 shares of the company's stock traded hands, compared to its average volume of 280,976. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.68 and a quick ratio of 1.27. The stock's 50-day moving average is $66.40 and its two-hundred day moving average is $65.38. AAR has a 12 month low of $54.22 and a 12 month high of $76.34. The stock has a market cap of $1.99 billion, a P/E ratio of 197.91 and a beta of 1.58.

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

Insider Buying and Selling

In other AAR news, CAO Jessica A. Garascia sold 1,500 shares of AAR stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $66.90, for a total value of $100,350.00. Following the transaction, the chief accounting officer now owns 37,565 shares in the company, valued at $2,513,098.50. The trade was a 3.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John Mcclain Holmes III sold 5,000 shares of the stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $70.81, for a total transaction of $354,050.00. Following the sale, the chief executive officer now directly owns 341,680 shares of the company's stock, valued at approximately $24,194,360.80. The trade was a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 185,793 shares of company stock valued at $12,538,396 over the last 90 days. Corporate insiders own 4.10% of the company's stock.

Hedge Funds Weigh In On AAR

Several institutional investors and hedge funds have recently bought and sold shares of the company. Captrust Financial Advisors increased its holdings in shares of AAR by 5.3% during the third quarter. Captrust Financial Advisors now owns 3,537 shares of the aerospace company's stock valued at $231,000 after acquiring an additional 177 shares in the last quarter. Inspire Investing LLC increased its stake in AAR by 3.3% during the 4th quarter. Inspire Investing LLC now owns 6,505 shares of the aerospace company's stock valued at $399,000 after purchasing an additional 205 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of AAR by 2.1% in the fourth quarter. Arizona State Retirement System now owns 10,420 shares of the aerospace company's stock worth $639,000 after buying an additional 219 shares during the last quarter. HighTower Advisors LLC lifted its stake in shares of AAR by 6.1% during the third quarter. HighTower Advisors LLC now owns 3,818 shares of the aerospace company's stock worth $249,000 after buying an additional 220 shares during the period. Finally, Sheets Smith Wealth Management grew its holdings in shares of AAR by 3.2% during the fourth quarter. Sheets Smith Wealth Management now owns 7,015 shares of the aerospace company's stock valued at $430,000 after buying an additional 220 shares during the last quarter. 90.74% of the stock is owned by hedge funds and other institutional investors.

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.