AAR's (AIR) "Hold (C-)" Rating Reiterated at Weiss Ratings

Key Points

• AAR Corp's stock received a "Hold (C-)" rating from Weiss Ratings, reaffirming a cautious outlook on the company's performance.
• Analysts have raised target prices for AAR from various firms, with Truist Financial setting a new target of $90.00, indicating optimism about its stock potential.
• The company reported a net margin of 1.01% and a return on equity of 12.29%, highlighting its financial performance in the latest quarter.

AAR (NYSE:AIR - Get Free Report)'s stock had its "hold (c-)" rating reaffirmed by stock analysts at Weiss Ratings in a report issued on Friday,Weiss Ratings reports.

AIR has been the subject of a number of other reports. Truist Financial raised their target price on AAR from $81.00 to $90.00 and gave the stock a "buy" rating in a research note on Wednesday, September 24th. Royal Bank Of Canada reiterated an "outperform" rating and set a $85.00 price target on shares of AAR in a report on Wednesday, September 24th. KeyCorp increased their price target on AAR from $86.00 to $93.00 and gave the stock an "overweight" rating in a report on Monday, September 29th. Wall Street Zen upgraded AAR from a "hold" rating to a "buy" rating in a report on Sunday, September 28th. Finally, Zacks Research upgraded AAR from a "hold" rating to a "strong-buy" rating in a report on Tuesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, AAR has an average rating of "Buy" and an average target price of $89.33.

AAR Trading Up 0.8%

Shares of AIR traded up $0.68 during midday trading on Friday, reaching $86.37. The company had a trading volume of 57,520 shares, compared to its average volume of 360,959. AAR has a 1-year low of $46.51 and a 1-year high of $89.69. The stock has a market cap of $3.38 billion, a PE ratio of 110.85 and a beta of 1.52. The firm has a 50 day simple moving average of $78.90 and a 200-day simple moving average of $70.11. The company has a quick ratio of 1.31, a current ratio of 2.91 and a debt-to-equity ratio of 0.82.

AAR (NYSE:AIR - Get Free Report) last issued its earnings results on Wednesday, May 28th. The aerospace company reported $0.83 earnings per share (EPS) for the quarter. AAR had a return on equity of 12.29% and a net margin of 1.01%.The business had revenue of $553.30 million during the quarter. Research analysts forecast that AAR will post 3.77 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO John Mcclain Holmes III sold 10,000 shares of the firm's stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $71.70, for a total transaction of $717,000.00. Following the completion of the transaction, the chief executive officer directly owned 298,603 shares in the company, valued at $21,409,835.10. This trade represents a 3.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On AAR

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Benjamin Edwards Inc. purchased a new position in AAR during the 3rd quarter valued at about $257,000. SG Americas Securities LLC boosted its holdings in AAR by 1,288.1% during the 3rd quarter. SG Americas Securities LLC now owns 20,807 shares of the aerospace company's stock valued at $1,866,000 after acquiring an additional 19,308 shares during the period. KLP Kapitalforvaltning AS boosted its holdings in AAR by 9.8% during the 3rd quarter. KLP Kapitalforvaltning AS now owns 9,000 shares of the aerospace company's stock valued at $807,000 after acquiring an additional 800 shares during the period. Hennion & Walsh Asset Management Inc. boosted its holdings in AAR by 41.4% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 31,450 shares of the aerospace company's stock valued at $2,820,000 after acquiring an additional 9,206 shares during the period. Finally, Salomon & Ludwin LLC purchased a new position in AAR during the 3rd quarter valued at about $30,000. 90.74% of the stock is currently owned by hedge funds and other institutional investors.

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.

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