AAR Corp. (NYSE:AIR) Stock Rated "Hold" by Wall Street Analysts

Key Points

• Analysts rate AAR a “Hold” overall: Five of eight covering brokerages recommend holding the stock, while three recommend buying; the average 12-month price target is $140.60.
• Quarterly results topped expectations: AAR reported earnings of $1.49 per share versus $1.30 expected and revenue of $918 million, up 24.1% year over year.
• Insiders have been selling shares: Company insiders sold 43,582 shares worth about $4.29 million over the past 90 days. AAR shares were down 4.1% in the session described.

Shares of AAR Corp. (NYSE:AIR - Get Free Report) have been assigned a consensus recommendation of "Hold" from the eight brokerages that are currently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $140.60.

A number of research analysts have issued reports on AIR shares. Weiss Ratings cut AAR from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Monday. KeyCorp reaffirmed a "sector weight" rating on shares of AAR in a research report on Wednesday, July 22nd. Jefferies Financial Group increased their price objective on shares of AAR from $155.00 to $160.00 and gave the stock a "buy" rating in a research note on Tuesday, September 29th. Wall Street Zen upgraded AAR from a "hold" rating to a "buy" rating in a research note on Saturday, October 3rd. Finally, Truist Financial increased their price objective on shares of AAR from $128.00 to $145.00 and gave the company a "buy" rating in a report on Monday, July 27th.

Insider Transactions at AAR

In other AAR news, CEO John Holmes, III sold 35,000 shares of AAR stock in a transaction on Monday, October 26th. The shares were sold at an average price of $97.41, for a total transaction of $3,409,350.00. Following the completion of the transaction, the chief executive officer directly owned 406,362 shares of the company's stock, valued at $39,583,722.42. The trade was a 7.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ellen M. Lord sold 4,341 shares of AAR stock in a transaction dated Thursday, October 29th. The stock was sold at an average price of $104.64, for a total transaction of $454,242.24. Following the transaction, the director directly owned 5,814 shares of the company's stock, valued at approximately $608,376.96. This represents a 42.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 43,582 shares of company stock worth $4,288,710. Insiders own 3.10% of the company's stock.

Hedge Funds Weigh In On AAR

Several hedge funds have recently bought and sold shares of the business. BlackRock Inc. bought a new position in AAR in the second quarter worth approximately $925,068,000. Principal Financial Group Inc. lifted its position in shares of AAR by 4.9% during the first quarter. Principal Financial Group Inc. now owns 675,686 shares of the aerospace company's stock valued at $73,961,000 after buying an additional 31,583 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in AAR during the second quarter valued at approximately $84,251,000. Emerald Advisers LLC increased its position in shares of AAR by 6.3% during the first quarter. Emerald Advisers LLC now owns 445,693 shares of the aerospace company's stock worth $48,786,000 after purchasing an additional 26,223 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust increased its position in shares of AAR by 10.9% during the first quarter. Emerald Mutual Fund Advisers Trust now owns 280,257 shares of the aerospace company's stock worth $30,677,000 after purchasing an additional 27,485 shares in the last quarter. Institutional investors own 90.74% of the company's stock.

AAR Stock Down 4.1%

AIR stock opened at $104.29 on Friday. The business's 50 day moving average price is $110.42 and its two-hundred day moving average price is $118.50. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.28 and a current ratio of 2.83. The company has a market capitalization of $4.19 billion, a price-to-earnings ratio of 21.37 and a beta of 1.14. AAR has a fifty-two week low of $76.10 and a fifty-two week high of $154.00.

AAR (NYSE:AIR - Get Free Report) last announced its quarterly earnings data on Monday, September 28th. The aerospace company reported $1.49 EPS for the quarter, beating 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 business 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 posted $1.08 earnings per share. The company's revenue for the quarter was up 24.1% on a year-over-year basis. As a group, analysts forecast that AAR will post 5.89 earnings per share for the current fiscal year.

AAR Company Profile

AAR Corp. NYSE: AIR is a global aviation services company that provides products and support to commercial airlines, government agencies and defense customers. Its offerings include aircraft parts and supply-chain management, component repair and overhaul, airframe maintenance, engineering services, fleet management and expeditionary logistics.

The company operates through businesses that support the maintenance and operation of aircraft throughout their life cycles. AAR distributes aviation parts and manages inventory, performs maintenance, repair and overhaul services for airframes and aircraft components, and provides logistics and aftermarket support for commercial and government fleets.

Founded in 1955, AAR is headquartered in Wood Dale, Illinois, and serves customers across North America and international markets.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.