AAR (AIR) Stock Rating Lowered by ValuEngine

AAR (NYSE:AIR) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

Separately, Zacks Investment Research cut AAR from a “hold” rating to a “sell” rating in a research note on Tuesday, November 27th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $53.17.

AAR stock traded up $0.04 during trading hours on Tuesday, reaching $37.92. The company had a trading volume of 309,000 shares, compared to its average volume of 260,327. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.02 and a quick ratio of 1.59. The stock has a market capitalization of $1.33 billion, a P/E ratio of 21.18 and a beta of 1.07. AAR has a 12-month low of $33.94 and a 12-month high of $51.52.

AAR (NYSE:AIR) last announced its quarterly earnings results on Tuesday, December 18th. The aerospace company reported $0.59 EPS for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.02. The business had revenue of $493.30 million for the quarter, compared to analysts’ expectations of $502.10 million. AAR had a return on equity of 8.15% and a net margin of 2.63%. Sell-side analysts expect that AAR will post 2.5 earnings per share for the current fiscal year.

In other news, Director David P. Storch sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, January 10th. The stock was sold at an average price of $38.72, for a total transaction of $1,161,600.00. Following the transaction, the director now directly owns 612,822 shares of the company’s stock, valued at $23,728,467.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 7.43% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC purchased a new position in shares of AAR during the third quarter valued at approximately $1,087,000. State of Alaska Department of Revenue increased its stake in shares of AAR by 2.7% during the fourth quarter. State of Alaska Department of Revenue now owns 10,897 shares of the aerospace company’s stock valued at $406,000 after buying an additional 290 shares during the period. California Public Employees Retirement System increased its stake in shares of AAR by 13.0% during the second quarter. California Public Employees Retirement System now owns 73,670 shares of the aerospace company’s stock valued at $3,425,000 after buying an additional 8,486 shares during the period. Advisors Asset Management Inc. increased its stake in shares of AAR by 10.9% during the third quarter. Advisors Asset Management Inc. now owns 71,797 shares of the aerospace company’s stock valued at $3,438,000 after buying an additional 7,043 shares during the period. Finally, Renaissance Technologies LLC purchased a new position in shares of AAR during the third quarter valued at approximately $2,546,000. 91.12% of the stock is currently owned by hedge funds and other institutional investors.

AAR Company Profile

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. The company operates in two segments, Aviation Services and Expeditionary Services. The Aviation Services segment offers aftermarket support and services; inventory management and distribution services; and maintenance, repair, and overhaul, as well as engineering services.

Further Reading: Dollar Cost Averaging

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Analyst Recommendations for AAR (NYSE:AIR)

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