AAR's (AIR) Buy Rating Reaffirmed at Truist Financial

Key Points

• Truist Financial reiterated a "buy" on AAR and raised its price target to $128 (from $107), implying roughly a 15.7% upside, while MarketBeat's consensus remains a "Moderate Buy" with a ~$119.60 target.
• AAR reported quarterly results that topped estimates — EPS of $1.18 vs. $1.02 expected and revenue of $795.3M (up 15.9% year‑over‑year).
• Company insiders have been net sellers recently (including the CAO and CFO), with insiders disposing of about 128,984 shares (~$12.5M) in the last quarter and now owning 3.6% of the stock.

AAR (NYSE:AIR - Get Free Report)'s stock had its "buy" rating reiterated by stock analysts at Truist Financial in a report released on Friday,Benzinga reports. They currently have a $128.00 price target on the aerospace company's stock, up from their prior price target of $107.00. Truist Financial's target price would indicate a potential upside of 15.73% from the stock's previous close.

A number of other brokerages have also weighed in on AIR. KeyCorp raised their price objective on AAR from $93.00 to $109.00 and gave the company an "overweight" rating in a research report on Wednesday, January 14th. Royal Bank Of Canada increased their price target on AAR from $90.00 to $105.00 and gave the company an "outperform" rating in a research note on Wednesday, January 7th. Zacks Research raised AAR from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 9th. 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 objective on the stock. Finally, Wall Street Zen upgraded AAR from a "hold" rating to a "buy" rating in a research report on Saturday, February 21st. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, AAR presently has a consensus rating of "Moderate Buy" and a consensus target price of $119.60.

AAR Trading Down 6.8%

AAR stock opened at $110.60 on Friday. AAR has a 1 year low of $46.51 and a 1 year high of $121.64. The firm's 50 day moving average price is $105.33 and its 200-day moving average price is $89.27. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.84 and a quick ratio of 1.31. The stock has a market cap of $4.38 billion, a P/E ratio of 43.37 and a beta of 1.19.

AAR (NYSE:AIR - Get Free Report) last issued its earnings results on Tuesday, January 6th. The aerospace company reported $1.18 earnings per share for the quarter, topping analysts' consensus estimates of $1.02 by $0.16. The firm had revenue of $795.30 million during the quarter, compared to analyst estimates of $760.95 million. AAR had a net margin of 3.17% and a return on equity of 12.40%. AAR's revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.90 earnings per share. On average, equities analysts predict that AAR will post 3.77 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CAO Jessica A. Garascia sold 4,787 shares of the stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $95.25, for a total transaction of $455,961.75. Following the sale, the chief accounting officer owned 29,557 shares in the company, valued at approximately $2,815,304.25. This represents a 13.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Sarah Louise Flanagan sold 10,750 shares of AAR stock in a transaction 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 transaction, the chief financial officer directly owned 32,848 shares of the company's stock, valued at $3,565,978.88. The trade was a 24.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 128,984 shares of company stock valued at $12,517,090 over the last quarter. Company insiders own 3.60% of the company's stock.

Hedge Funds Weigh In On AAR

A number of large investors have recently made changes to their positions in AIR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in AAR by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,779 shares of the aerospace company's stock worth $1,163,000 after purchasing an additional 904 shares during the period. Millennium Management LLC grew its stake in shares of AAR by 35.8% during the first quarter. Millennium Management LLC now owns 134,966 shares of the aerospace company's stock valued at $7,557,000 after buying an additional 35,608 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of AAR by 4.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 97,384 shares of the aerospace company's stock valued at $5,453,000 after buying an additional 4,288 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of AAR by 1.4% in the second quarter. Envestnet Asset Management Inc. now owns 126,316 shares of the aerospace company's stock worth $8,689,000 after buying an additional 1,732 shares during the period. Finally, Teacher Retirement System of Texas lifted its stake in shares of AAR by 4.4% during the 2nd quarter. Teacher Retirement System of Texas now owns 5,482 shares of the aerospace company's stock worth $377,000 after acquiring an additional 231 shares during the last quarter. 90.74% of the stock is owned by hedge funds and other institutional investors.

About AAR

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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