AAR (NYSE:AIR) Announces Quarterly Earnings Results

AAR (NYSE:AIR) released its earnings results on Tuesday. The aerospace company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.12, Zacks reports. AAR had a return on equity of 12.39% and a net margin of 5.46%.

AAR Stock Up 4.5%

NYSE:AIR traded up $6.13 during midday trading on Tuesday, hitting $141.82. 780,389 shares of the company were exchanged, compared to its average volume of 480,031. The company has a fifty day simple moving average of $124.83 and a 200 day simple moving average of $114.91. AAR has a fifty-two week low of $71.43 and a fifty-two week high of $146.75. The company has a current ratio of 2.70, a quick ratio of 1.23 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $5.64 billion, a PE ratio of 31.45 and a beta of 1.09.

Hedge Funds Weigh In On AAR

Several large investors have recently bought and sold shares of AIR. McMillan Office Inc. purchased a new position in shares of AAR during the fourth quarter worth about $25,000. Osterweis Capital Management Inc. acquired a new stake in shares of AAR in the 2nd quarter valued at about $26,000. Morse Asset Management Inc acquired a new stake in shares of AAR in the 3rd quarter valued at about $27,000. UMB Bank n.a. grew its stake in AAR by 310.3% during the 4th quarter. UMB Bank n.a. now owns 439 shares of the aerospace company’s stock worth $36,000 after buying an additional 332 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in AAR by 1,925.0% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 486 shares of the aerospace company’s stock worth $44,000 after buying an additional 462 shares during the last quarter. Institutional investors and hedge funds own 90.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AIR. Zacks Research raised shares of AAR from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 10th. KeyCorp cut shares of AAR from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, June 30th. Royal Bank Of Canada lifted their price objective on shares of AAR from $105.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 25th. Weiss Ratings downgraded shares of AAR from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, July 8th. Finally, Wall Street Zen lowered AAR from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 14th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $132.20.

AAR Company Profile

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.