StockNews.com Upgrades AAR (NYSE:AIR) to "Hold"

StockNews.com upgraded shares of AAR (NYSE:AIR - Free Report) from a sell rating to a hold rating in a research note published on Saturday morning.

A number of other research firms also recently issued reports on AIR. Truist Financial cut their price objective on shares of AAR from $81.00 to $78.00 and set a "buy" rating for the company in a report on Friday, March 28th. KeyCorp lowered their price target on AAR from $83.00 to $80.00 and set an "overweight" rating for the company in a research report on Wednesday, April 2nd. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $80.20.

AAR Price Performance

Shares of NYSE AIR traded up $1.78 during midday trading on Friday, reaching $52.69. 39,531 shares of the company traded hands, compared to its average volume of 276,263. The stock's 50-day simple moving average is $60.56 and its 200-day simple moving average is $63.64. 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 has a 12 month low of $46.51 and a 12 month high of $76.34. The firm has a market cap of $1.90 billion, a PE ratio of 188.19 and a beta of 1.32.

AAR (NYSE:AIR - Get Free Report) last released its earnings results on Thursday, March 27th. The aerospace company reported $0.99 earnings per share for the quarter, beating the consensus estimate 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 firm posted $0.85 earnings per share. The company's quarterly revenue was up 19.5% on a year-over-year basis. As a group, equities analysts anticipate that AAR will post 3.77 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Bank of America Corp DE raised its stake in shares of AAR by 293.3% during the fourth quarter. Bank of America Corp DE now owns 171,203 shares of the aerospace company's stock valued at $10,491,000 after acquiring an additional 127,668 shares in the last quarter. Invesco Ltd. raised its stake in AAR by 13.5% in the fourth quarter. Invesco Ltd. now owns 1,070,618 shares of the aerospace company's stock valued at $65,607,000 after buying an additional 127,148 shares during the last quarter. Westwood Holdings Group Inc. raised its stake in shares of AAR by 8.7% in the fourth quarter. Westwood Holdings Group Inc. now owns 1,441,154 shares of the aerospace company's stock worth $88,314,000 after purchasing an additional 115,476 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of AAR by 13.4% in the third quarter. Franklin Resources Inc. now owns 969,741 shares of the aerospace company's stock worth $59,591,000 after purchasing an additional 114,460 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of AAR in the fourth quarter worth about $6,849,000. Hedge funds and other 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.