AAR (NYSE:AIR) Rating Lowered to Sell at StockNews.com

AAR (NYSE:AIR - Get Free Report) was downgraded by StockNews.com from a "hold" rating to a "sell" rating in a note issued to investors on Tuesday.

Several other equities analysts also recently issued reports on AIR. KeyCorp reduced their price objective on shares of AAR from $83.00 to $80.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. Truist Financial decreased their price objective on AAR from $81.00 to $78.00 and set a "buy" rating on the stock in a report on Friday, March 28th. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company's stock. According to MarketBeat, AAR presently has a consensus rating of "Moderate Buy" and an average price target of $80.20.

AAR Price Performance

Shares of AIR stock traded up $1.25 during trading hours on Tuesday, hitting $53.35. The company's stock had a trading volume of 243,999 shares, compared to its average volume of 280,840. The company has a current ratio of 2.68, a quick ratio of 1.27 and a debt-to-equity ratio of 0.84. The business has a fifty day moving average of $62.70 and a 200-day moving average of $64.25. AAR has a twelve month low of $46.51 and a twelve month high of $76.34. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 190.55 and a beta of 1.32.

AAR (NYSE:AIR - Get Free Report) last posted its earnings results on Thursday, March 27th. The aerospace company reported $0.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.96 by $0.03. AAR had a return on equity of 10.46% and a net margin of 0.41%. The firm had revenue of $678.20 million for the quarter, compared to analyst estimates of $699.13 million. During the same quarter in the prior year, the company earned $0.85 EPS. AAR's revenue was up 19.5% on a year-over-year basis. As a group, equities research analysts anticipate that AAR will post 3.77 EPS for the current year.

Insider Activity

In other news, CEO John Mcclain Holmes III sold 5,000 shares of the firm's stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $70.81, for a total value of $354,050.00. Following the transaction, the chief executive officer now directly owns 341,680 shares in the company, valued at $24,194,360.80. This trade represents a 1.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Christopher A. Jessup sold 33,481 shares of the business's stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $70.40, for a total value of $2,357,062.40. Following the sale, the senior vice president now owns 63,209 shares of the company's stock, valued at $4,449,913.60. The trade was a 34.63 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 4.10% of the company's stock.

Hedge Funds Weigh In On AAR

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Captrust Financial Advisors lifted its stake in shares of AAR by 5.3% in the third quarter. Captrust Financial Advisors now owns 3,537 shares of the aerospace company's stock worth $231,000 after acquiring an additional 177 shares in the last quarter. Inspire Investing LLC increased its holdings in AAR by 3.3% during the 4th quarter. Inspire Investing LLC now owns 6,505 shares of the aerospace company's stock worth $399,000 after purchasing an additional 205 shares during the last quarter. Arizona State Retirement System raised its position in shares of AAR by 2.1% in the 4th quarter. Arizona State Retirement System now owns 10,420 shares of the aerospace company's stock valued at $639,000 after purchasing an additional 219 shares in the last quarter. HighTower Advisors LLC raised its position in shares of AAR by 6.1% in the 3rd quarter. HighTower Advisors LLC now owns 3,818 shares of the aerospace company's stock valued at $249,000 after purchasing an additional 220 shares in the last quarter. Finally, Sheets Smith Wealth Management boosted its stake in shares of AAR by 3.2% during the 4th quarter. Sheets Smith Wealth Management now owns 7,015 shares of the aerospace company's stock valued at $430,000 after buying an additional 220 shares during the last quarter. 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.