AAR (NYSE:AIR) Rating Increased to Buy at Wall Street Zen

Key Points

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AAR (NYSE:AIR - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Tuesday.

Other equities analysts also recently issued research reports about the stock. KeyCorp raised their target price on shares of AAR from $80.00 to $86.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Royal Bank Of Canada upped their target price on AAR from $75.00 to $85.00 and gave the stock an "outperform" rating in a research report on Thursday, July 17th. Finally, Truist Financial boosted their target price on shares of AAR from $78.00 to $81.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, AAR presently has an average rating of "Buy" and an average price target of $83.75.

AAR Stock Performance

NYSE:AIR opened at $75.89 on Tuesday. The firm has a market cap of $2.73 billion, a price-to-earnings ratio of 229.98 and a beta of 1.53. 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 1-year low of $46.51 and a 1-year high of $86.43. The firm's fifty day moving average price is $73.09 and its 200 day moving average price is $65.25.

AAR (NYSE:AIR - Get Free Report) last issued its earnings results on Wednesday, July 16th. The aerospace company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.00 by $0.16. The company had revenue of $754.50 million for the quarter, compared to analyst estimates of $695.81 million. AAR had a net margin of 0.45% and a return on equity of 11.66%. The business's revenue was up 15.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.88 EPS. On average, sell-side analysts expect that AAR will post 3.77 EPS for the current year.

Insider Transactions at AAR

In other news, CFO Sean M. Gillen sold 18,000 shares of the company's stock in a transaction dated 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 sale, the chief financial officer owned 99,868 shares of the company's stock, valued at approximately $7,726,787.16. This represents a 15.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jessica A. Garascia sold 3,631 shares of the firm's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $77.08, for a total transaction of $279,877.48. Following the sale, the chief accounting officer directly owned 39,117 shares of the company's stock, valued at approximately $3,015,138.36. The trade was a 8.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 95,182 shares of company stock worth $7,331,452 over the last 90 days. Insiders own 3.60% of the company's stock.

Institutional Trading of AAR

Hedge funds have recently added to or reduced their stakes in the business. Osterweis Capital Management Inc. acquired a new position in shares of AAR during the 2nd quarter worth about $26,000. Hughes Financial Services LLC bought a new position in AAR during the first quarter worth $28,000. Putney Financial Group LLC acquired a new stake in AAR during the fourth quarter worth approximately $30,000. Virtus Fund Advisers LLC bought a new stake in shares of AAR during the fourth quarter worth approximately $36,000. Finally, Virtus Advisers LLC bought a new stake in AAR in the 1st quarter valued at $47,000. Institutional investors and hedge funds 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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