AAR (NYSE:AIR) Upgraded to "Strong-Buy" at Truist Financial

Key Points

• Truist Financial upgraded AAR (NYSE:AIR) to a "strong-buy" rating, while the analyst consensus remains a "Moderate Buy" with a consensus price target of $131.20.
• AAR beat Q1 expectations, reporting $1.25 EPS vs. $1.21 expected and $845.1M revenue (up 24.6% YoY), with analysts forecasting ~4.95 EPS for the current fiscal year.
• Company insiders have been net sellers recently — executives (including the CEO and CFO) sold a total of 106,925 shares worth about $11.8M over the last 90 days, while insiders still own 3.6% of the stock.

AAR (NYSE:AIR - Get Free Report) was upgraded by stock analysts at Truist Financial to a "strong-buy" rating in a report issued on Friday,Zacks.com reports.

Other equities analysts have also recently issued research reports about the company. Zacks Research cut AAR from a "strong-buy" rating to a "hold" rating in a report on Monday, March 16th. Weiss Ratings upgraded AAR from a "hold (c+)" rating to a "buy (b)" rating in a report on Friday, March 27th. Wall Street Zen upgraded AAR from a "buy" rating to a "strong-buy" rating in a report on Saturday, April 25th. Royal Bank Of Canada raised their price target on AAR from $105.00 to $125.00 and gave the company an "outperform" rating in a report on Wednesday, March 25th. Finally, The Goldman Sachs Group initiated coverage on AAR in a report on Monday, January 26th. They set a "neutral" rating and a $121.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $131.20.

AAR Stock Performance

NYSE:AIR opened at $110.35 on Friday. The company has a current ratio of 2.70, a quick ratio of 1.23 and a debt-to-equity ratio of 0.54. AAR has a 12-month low of $55.53 and a 12-month high of $127.21. The stock has a 50-day moving average price of $113.00 and a 200 day moving average price of $98.71. The stock has a market capitalization of $4.39 billion, a P/E ratio of 24.47 and a beta of 1.20.

AAR (NYSE:AIR - Get Free Report) last released its earnings results on Tuesday, March 24th. The aerospace company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.04. The firm had revenue of $845.10 million during the quarter, compared to analysts' expectations of $812.58 million. AAR had a return on equity of 12.39% and a net margin of 5.46%.The firm's revenue was up 24.6% on a year-over-year basis. During the same quarter last year, the business posted $0.99 earnings per share. Equities research analysts forecast that AAR will post 4.95 EPS for the current fiscal year.

Insider Activity at AAR

In related news, CFO Sarah Louise Flanagan sold 10,750 shares of the firm's stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $108.56, for a total transaction of $1,167,020.00. Following the completion of the sale, the chief financial officer directly owned 32,848 shares of the company's stock, valued at approximately $3,565,978.88. This trade represents a 24.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John Mcclain Holmes III sold 26,175 shares of the firm's stock in a transaction that occurred on Friday, March 27th. The stock was sold at an average price of $107.60, for a total value of $2,816,430.00. Following the sale, the chief executive officer directly owned 235,064 shares of the company's stock, valued at $25,292,886.40. This represents a 10.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 106,925 shares of company stock valued at $11,812,450 over the last ninety days. Corporate insiders own 3.60% of the company's stock.

Institutional Investors Weigh In On AAR

A number of institutional investors and hedge funds have recently modified their holdings of the business. Lido Advisors LLC lifted its stake in shares of AAR by 2.8% during the 4th quarter. Lido Advisors LLC now owns 3,618 shares of the aerospace company's stock worth $318,000 after acquiring an additional 98 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of AAR by 12.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,162 shares of the aerospace company's stock worth $97,000 after acquiring an additional 126 shares during the last quarter. Arizona State Retirement System lifted its stake in shares of AAR by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 10,683 shares of the aerospace company's stock worth $958,000 after acquiring an additional 147 shares during the last quarter. CWM LLC lifted its stake in shares of AAR by 19.3% during the 4th quarter. CWM LLC now owns 950 shares of the aerospace company's stock worth $79,000 after acquiring an additional 154 shares during the last quarter. Finally, Captrust Financial Advisors lifted its stake in shares of AAR by 5.2% during the 4th quarter. Captrust Financial Advisors now owns 3,395 shares of the aerospace company's stock worth $281,000 after acquiring an additional 168 shares during the last quarter. 90.74% of the stock is owned by institutional investors.

AAR Company Profile

AAR Corp. NYSE: AIR is a global provider of aviation products and services to commercial, government and defense customers. The company offers a comprehensive portfolio of maintenance, repair and overhaul (MRO) solutions, component repair and overhaul, and engineering services designed to support a wide variety of fixed-wing and rotary aircraft. Leveraging FAA and EASA certifications, AAR delivers turnkey maintenance programs and ad hoc repair services that enhance aircraft availability and reliability.

In its Aviation Supply Chain Services segment, AAR sources, stores and distributes parts for both commercial airlines and military operators.

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