AAR (NYSE:AIR) Raised to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen upgraded AAR to “Buy” from “Hold,” while other analysts remain mixed; MarketBeat reports a consensus “Moderate Buy” rating and an average price target of $140.60.
• AAR reported stronger-than-expected quarterly results, with EPS of $1.49 versus the $1.30 estimate and revenue of $918 million, up 24.1% year over year.
• The aerospace services company is heavily institutionally owned, with institutional investors holding 90.74% of shares; BlackRock recently established a position worth approximately $925 million.

AAR (NYSE:AIR - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Saturday, Wall Street Zen reports.

A number of other equities analysts also recently commented on AIR. Truist Financial lifted their price objective on shares of AAR from $128.00 to $145.00 and gave the stock a "buy" rating in a report on Monday, July 27th. Jefferies Financial Group raised their price target on shares of AAR from $155.00 to $160.00 and gave the stock a "buy" rating in a research report on Tuesday. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $145.00 price objective on shares of AAR in a research report on Monday, September 28th. Guggenheim reiterated a "neutral" rating on shares of AAR in a research note on Tuesday. Finally, KeyCorp reissued a "sector weight" rating on shares of AAR in a report on Wednesday, July 22nd. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, AAR has an average rating of "Moderate Buy" and a consensus price target of $140.60.

AAR Trading Up 2.6%

NYSE:AIR opened at $102.47 on Friday. The company has a quick ratio of 1.24, a current ratio of 2.83 and a debt-to-equity ratio of 0.50. The business's 50 day moving average is $129.82 and its two-hundred day moving average is $123.66. AAR has a 52 week low of $76.10 and a 52 week high of $154.00. The company has a market cap of $4.12 billion, a PE ratio of 21.00 and a beta of 1.14.

AAR (NYSE:AIR - Get Free Report) last issued its earnings results on Monday, September 28th. The aerospace company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.30 by $0.19. AAR had a return on equity of 12.99% and a net margin of 5.55%.The company had revenue of $918.00 million during the quarter, compared to analyst estimates of $878.81 million. During the same quarter last year, the firm earned $1.08 EPS. The business's revenue was up 24.1% on a year-over-year basis. On average, analysts predict that AAR will post 5.93 EPS for the current year.

Institutional Trading of AAR

Several hedge funds have recently bought and sold shares of AIR. BlackRock Inc. bought a new position in AAR in the 2nd quarter worth about $925,068,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of AAR during the second quarter worth approximately $84,251,000. Geode Capital Management LLC grew its holdings in AAR by 9.4% in the 4th quarter. Geode Capital Management LLC now owns 920,743 shares of the aerospace company's stock worth $76,239,000 after buying an additional 78,810 shares in the last quarter. Principal Financial Group Inc. grew its holdings in AAR by 4.9% in the 1st quarter. Principal Financial Group Inc. now owns 675,686 shares of the aerospace company's stock worth $73,961,000 after buying an additional 31,583 shares in the last quarter. Finally, Emerald Advisers LLC increased its position in AAR by 6.3% in the 1st quarter. Emerald Advisers LLC now owns 445,693 shares of the aerospace company's stock valued at $48,786,000 after acquiring an additional 26,223 shares during the period. 90.74% of the stock is currently owned by institutional investors.

About AAR

AAR Corp. is a global aviation services company headquartered in Wood Dale, Illinois. The company supports commercial airlines, government and defense organizations, and original equipment manufacturers through aftermarket aviation products and services.

AAR's aviation activities include the distribution and sale of aircraft parts, maintenance, repair and overhaul services, component repair, engineering support, and supply-chain management. Its parts and services support a range of commercial, government, and military aircraft, helping customers maintain aircraft availability and operational readiness.

The company also provides expeditionary and mobility-related products and services for government customers, including systems and equipment used to support transportation and logistics operations.

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