AAR’s (AIR) Hold (C-) Rating Reiterated at Weiss Ratings

Weiss Ratings reiterated their hold (c-) rating on shares of AAR (NYSE:AIR) in a research note issued to investors on Wednesday morning,Weiss Ratings reports.

A number of other equities research analysts have also recently commented on AIR. Zacks Research raised AAR from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 30th. Royal Bank Of Canada reissued an “outperform” rating and issued a $85.00 target price on shares of AAR in a research note on Wednesday, September 24th. Truist Financial increased their target price on AAR from $81.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. KeyCorp increased their target price on AAR from $86.00 to $93.00 and gave the company an “overweight” rating in a research note on Monday, September 29th. Finally, Wall Street Zen raised AAR from a “hold” rating to a “buy” rating in a research note on Sunday, September 28th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, AAR has a consensus rating of “Buy” and a consensus price target of $89.33.

AAR Stock Down 3.6%

NYSE AIR opened at $78.31 on Wednesday. The stock has a fifty day moving average of $77.40 and a 200-day moving average of $68.51. The stock has a market capitalization of $3.06 billion, a P/E ratio of 100.40 and a beta of 1.52. AAR has a 52 week low of $46.51 and a 52 week high of $89.69. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.31 and a current ratio of 2.91.

AAR (NYSE:AIR) last released its earnings results on Wednesday, May 28th. The aerospace company reported $0.83 EPS for the quarter. The company had revenue of $553.30 million during the quarter. AAR had a return on equity of 12.29% and a net margin of 1.01%. On average, equities research analysts forecast that AAR will post 3.77 EPS for the current year.

Insider Activity at AAR

In related news, CEO John Mcclain Holmes III sold 31,551 shares of the company’s stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $78.03, for a total value of $2,461,924.53. Following the completion of the transaction, the chief executive officer directly owned 360,921 shares of the company’s stock, valued at approximately $28,162,665.63. This represents a 8.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Jessica A. Garascia sold 3,631 shares of the stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $77.08, for a total value of $279,877.48. Following the transaction, the chief accounting officer owned 39,117 shares of the company’s stock, valued at approximately $3,015,138.36. This trade represents a 8.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 95,182 shares of company stock worth $7,331,452 over the last ninety days. 3.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On AAR

A number of hedge funds and other institutional investors have recently bought and sold shares of AIR. Osterweis Capital Management Inc. bought a new stake in AAR in the 2nd quarter valued at approximately $26,000. Hughes Financial Services LLC acquired a new stake in shares of AAR in the first quarter valued at approximately $28,000. Virtus Advisers LLC acquired a new stake in shares of AAR in the first quarter valued at approximately $47,000. GAMMA Investing LLC lifted its position in shares of AAR by 88.5% in the first quarter. GAMMA Investing LLC now owns 1,131 shares of the aerospace company’s stock worth $63,000 after purchasing an additional 531 shares in the last quarter. Finally, Simplex Trading LLC bought a new position in AAR in the second quarter valued at $103,000. Institutional investors and hedge funds 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.