AAR Corp. (NYSE:AIR) Given Average Recommendation of "Buy" by Analysts

Shares of AAR Corp. (NYSE:AIR - Get Free Report) have received a consensus recommendation of "Buy" from the five research firms that are presently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy rating. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $80.20.

A number of brokerages recently weighed in on AIR. KeyCorp decreased their price objective on shares of AAR from $83.00 to $80.00 and set an "overweight" rating for the company in a report on Wednesday, April 2nd. Truist Financial decreased their target price on shares of AAR from $81.00 to $78.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Finally, Wall Street Zen raised shares of AAR from a "sell" rating to a "hold" rating in a research report on Saturday, April 19th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of AIR. Intech Investment Management LLC boosted its holdings in shares of AAR by 122.7% during the 1st quarter. Intech Investment Management LLC now owns 52,651 shares of the aerospace company's stock valued at $2,948,000 after purchasing an additional 29,005 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of AAR by 4.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 97,384 shares of the aerospace company's stock valued at $5,453,000 after purchasing an additional 4,288 shares during the last quarter. Fred Alger Management LLC boosted its holdings in shares of AAR by 32.6% during the 1st quarter. Fred Alger Management LLC now owns 533,770 shares of the aerospace company's stock valued at $29,886,000 after purchasing an additional 131,092 shares during the last quarter. Petrus Trust Company LTA bought a new position in shares of AAR during the 1st quarter valued at about $225,000. Finally, Millennium Management LLC boosted its holdings in shares of AAR by 35.8% during the 1st quarter. Millennium Management LLC now owns 134,966 shares of the aerospace company's stock valued at $7,557,000 after purchasing an additional 35,608 shares during the last quarter. Institutional investors own 90.74% of the company's stock.

AAR Stock Down 0.4%

Shares of AIR traded down $0.28 during mid-day trading on Wednesday, reaching $68.49. The company had a trading volume of 271,814 shares, compared to its average volume of 278,331. AAR has a 52 week low of $46.51 and a 52 week high of $76.34. The company has a market capitalization of $2.47 billion, a price-to-earnings ratio of 244.62 and a beta of 1.43. The firm has a 50-day moving average price of $58.86 and a 200 day moving average price of $62.86. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.27 and a current ratio of 2.68.

AAR (NYSE:AIR - Get Free Report) last announced its quarterly earnings data on Thursday, March 27th. The aerospace company reported $0.99 earnings per share for the quarter, topping analysts' consensus estimates of $0.96 by $0.03. AAR had a net margin of 0.41% and a return on equity of 10.46%. The company had revenue of $678.20 million during the quarter, compared to analyst estimates of $699.13 million. During the same period in the previous year, the business earned $0.85 EPS. The firm's revenue for the quarter was up 19.5% on a year-over-year basis. On average, sell-side analysts forecast that AAR will post 3.77 EPS for the current year.

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.