AAR (NYSE:AIR) Price Target Raised to $90.00

Key Points

• Truist Financial raised AAR Corp's price target from $81.00 to $90.00, indicating a potential upside of 9.93% from the stock's previous close and maintaining a "buy" rating.
• AAR reported $1.08 earnings per share for the recent quarter, exceeding analyst expectations of $0.98 and achieving a revenue of $739.60 million, up 11.8% year-over-year.
• Insider trading activity revealed that CEO John Mcclain Holmes III sold 10,000 shares recently, reducing his ownership by 3.24%, while institutional investors currently hold 90.74% of the company's stock.

AAR (NYSE:AIR - Get Free Report) had its target price lifted by analysts at Truist Financial from $81.00 to $90.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the aerospace company's stock. Truist Financial's price objective suggests a potential upside of 9.93% from the stock's previous close.

Other analysts have also issued reports about the company. Royal Bank Of Canada reissued an "outperform" rating and set a $85.00 price target on shares of AAR in a research note on Wednesday. Wall Street Zen downgraded AAR from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, KeyCorp raised their price objective on AAR from $80.00 to $86.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, AAR currently has a consensus rating of "Buy" and a consensus target price of $86.00.

AAR Price Performance

NYSE:AIR traded up $3.52 during trading hours on Wednesday, hitting $81.87. The company's stock had a trading volume of 918,868 shares, compared to its average volume of 323,576. The stock has a fifty day simple moving average of $75.90 and a 200-day simple moving average of $67.05. The company has a market capitalization of $2.94 billion, a P/E ratio of 248.09 and a beta of 1.50. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.72 and a quick ratio of 1.26. AAR has a twelve month low of $46.51 and a twelve month high of $86.43.

AAR (NYSE:AIR - Get Free Report) last released its quarterly earnings data on Tuesday, September 23rd. The aerospace company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.10. The business had revenue of $739.60 million for the quarter, compared to analyst estimates of $692.47 million. AAR had a return on equity of 11.66% and a net margin of 0.45%.AAR's revenue was up 11.8% compared to the same quarter last year. During the same period last year, the firm posted $0.50 earnings per share. AAR has set its Q2 2026 guidance at EPS. On average, analysts anticipate that AAR will post 3.77 EPS for the current fiscal year.

Insider Buying and Selling

In other AAR news, CEO John Mcclain Holmes III sold 10,000 shares of the business's stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $71.70, for a total value of $717,000.00. Following the transaction, the chief executive officer owned 298,603 shares of the company's stock, valued at approximately $21,409,835.10. The trade was a 3.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Sean M. Gillen sold 18,000 shares of the company's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $77.37, for a total value of $1,392,660.00. Following the completion of the transaction, the chief financial officer owned 99,868 shares of the company's stock, valued at $7,726,787.16. This trade represents a 15.27% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 95,182 shares of company stock worth $7,331,452. 3.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of AIR. State Street Corp grew its stake in AAR by 10.9% in the 2nd quarter. State Street Corp now owns 1,917,821 shares of the aerospace company's stock valued at $131,927,000 after purchasing an additional 188,406 shares during the period. Westwood Holdings Group Inc. grew its stake in AAR by 10.3% in the 1st quarter. Westwood Holdings Group Inc. now owns 1,589,320 shares of the aerospace company's stock valued at $88,986,000 after purchasing an additional 148,166 shares during the period. Fred Alger Management LLC grew its stake in AAR by 32.6% in 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 period. Nuveen LLC bought a new position in AAR in the 1st quarter valued at $6,226,000. Finally, Invesco Ltd. grew its stake in AAR by 8.4% in the 1st quarter. Invesco Ltd. now owns 1,160,420 shares of the aerospace company's stock valued at $64,972,000 after purchasing an additional 89,802 shares during the period. Institutional investors 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.

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