AAR (NYSE:AIR) Shares Down 4% - Should You Sell?

AAR Corp. (NYSE:AIR - Get Free Report) fell 4% during trading on Friday . The company traded as low as $82.06 and last traded at $81.66. 141,417 shares changed hands during trading, a decline of 51% from the average session volume of 286,122 shares. The stock had previously closed at $85.10.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. KeyCorp raised their target price on AAR from $80.00 to $86.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Wall Street Zen upgraded AAR from a "hold" rating to a "buy" rating in a research report on Friday. Royal Bank Of Canada lifted their target price on AAR from $75.00 to $85.00 and gave the company an "outperform" rating in a research note on Thursday, July 17th. Finally, Truist Financial lifted their price objective on AAR from $78.00 to $81.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $83.75.

AAR Stock Down 1.5%

The stock has a 50-day moving average of $67.49 and a 200-day moving average of $64.14. The firm has a market cap of $2.87 billion, a price-to-earnings ratio of 240.50 and a beta of 1.44. 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 (NYSE:AIR - Get Free Report) last issued its earnings results on Wednesday, July 16th. The aerospace company reported $1.16 EPS for the quarter, beating analysts' consensus estimates of $1.00 by $0.16. AAR had a return on equity of 11.66% and a net margin of 0.45%. The business had revenue of $754.50 million during the quarter, compared to analyst estimates of $695.81 million. During the same period in the previous year, the company posted $0.88 EPS. The firm's revenue was up 15.0% compared to the same quarter last year. Sell-side analysts predict that AAR Corp. will post 3.77 EPS for the current fiscal year.

Institutional Investors Weigh In On AAR

Institutional investors have recently made changes to their positions in the stock. Putney Financial Group LLC bought a new position in AAR in the fourth quarter valued at $30,000. Hughes Financial Services LLC bought a new position in AAR in the first quarter valued at $28,000. Virtus Fund Advisers LLC bought a new position in AAR in the fourth quarter valued at $36,000. Virtus Advisers LLC bought a new position in shares of AAR during the first quarter valued at about $47,000. Finally, Sterling Capital Management LLC grew its stake in shares of AAR by 761.2% during the fourth quarter. Sterling Capital Management LLC now owns 887 shares of the aerospace company's stock valued at $54,000 after buying an additional 784 shares during the last quarter. Hedge funds and other institutional investors 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.