AAR Corp. (AIR) – What Are Investment Firms Thinking About This Stock?

AAR Corp. (NYSE:AIR) has been assigned an average recommendation of “Moderate Buy” from the eight research firms that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $140.60.

A number of research firms have recently weighed in on AIR. Truist Financial raised their price objective on AAR from $128.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. Jefferies Financial Group upped their target price on AAR from $155.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, September 29th. Guggenheim reaffirmed a “neutral” rating on shares of AAR in a research report on Tuesday, September 29th. Weiss Ratings cut AAR from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, September 25th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $145.00 price target on shares of AAR in a research note on Monday, September 28th.

AAR Price Performance

Shares of AIR opened at $98.53 on Monday. The company has a market cap of $3.96 billion, a price-to-earnings ratio of 20.19 and a beta of 1.13. AAR has a twelve month low of $76.10 and a twelve month high of $154.00. The company has a quick ratio of 1.28, a current ratio of 2.83 and a debt-to-equity ratio of 0.50. The company has a 50 day moving average of $121.40 and a two-hundred day moving average of $123.23.

AAR (NYSE:AIR) last issued its quarterly earnings results on Monday, September 28th. The aerospace company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.19. The business had revenue of $918.00 million for the quarter, compared to the consensus estimate of $878.81 million. AAR had a return on equity of 12.99% and a net margin of 5.55%. The business’s quarterly revenue was up 24.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.08 earnings per share. As a group, analysts predict that AAR will post 5.89 earnings per share for the current fiscal year.

Hedge Funds Weigh In On AAR

Hedge funds have recently modified their holdings of the stock. New England Research & Management Inc. increased its stake in AAR by 79.7% during the 3rd quarter. New England Research & Management Inc. now owns 19,225 shares of the aerospace company’s stock valued at $1,951,000 after purchasing an additional 8,525 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of AAR by 35.0% in the third quarter. GAMMA Investing LLC now owns 1,554 shares of the aerospace company’s stock worth $158,000 after buying an additional 403 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of AAR by 191.2% during the third quarter. Farther Finance Advisors LLC now owns 495 shares of the aerospace company’s stock worth $50,000 after buying an additional 325 shares during the period. Artemis Investment Management LLP lifted its stake in shares of AAR by 1,031.6% during the third quarter. Artemis Investment Management LLP now owns 229,783 shares of the aerospace company’s stock worth $23,316,000 after buying an additional 209,477 shares during the period. Finally, Byrne Asset Management LLC acquired a new stake in shares of AAR during the third quarter worth $154,000. Institutional investors and hedge funds own 90.74% of the company’s stock.

AAR Company Profile

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.