AAR (NYSE:AIR) Reaches New 12-Month High – What’s Next?

AAR Corp. (NYSE:AIR) shares hit a new 52-week high on Monday . The company traded as high as $121.64 and last traded at $117.3220, with a volume of 160593 shares traded. The stock had previously closed at $117.17.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Wall Street Zen raised AAR from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Truist Financial set a $107.00 target price on shares of AAR in a report on Friday, January 9th. Zacks Research upgraded shares of AAR from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 9th. Jefferies Financial Group lifted their price objective on AAR to $135.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of AAR in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $115.40.

AAR Stock Up 2.2%

The firm has a market cap of $4.74 billion, a P/E ratio of 46.98 and a beta of 1.23. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.31 and a current ratio of 2.84. The stock’s 50 day simple moving average is $102.89 and its 200 day simple moving average is $88.33.

AAR (NYSE:AIR) last released its earnings results on Tuesday, January 6th. The aerospace company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.16. AAR had a net margin of 3.17% and a return on equity of 12.40%. The firm had revenue of $795.30 million for the quarter, compared to analysts’ expectations of $760.95 million. During the same period in the previous year, the company earned $0.90 earnings per share. The company’s quarterly revenue was up 15.9% on a year-over-year basis. Research analysts anticipate that AAR Corp. will post 3.77 EPS for the current year.

Insider Buying and Selling

In related news, CAO Jessica A. Garascia sold 4,787 shares of the company’s stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $95.25, for a total transaction of $455,961.75. Following the completion of the transaction, the chief accounting officer owned 29,557 shares in the company, valued at $2,815,304.25. This represents a 13.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sarah Louise Flanagan sold 10,750 shares of the business’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $108.56, for a total transaction of $1,167,020.00. Following the transaction, the chief financial officer owned 32,848 shares in the company, valued at $3,565,978.88. This represents a 24.66% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 128,984 shares of company stock valued at $12,517,090. 3.60% of the stock is owned by insiders.

Institutional Trading of AAR

A number of hedge funds and other institutional investors have recently modified their holdings of the company. McMillan Office Inc. bought a new position in AAR during the 4th quarter worth about $25,000. Osterweis Capital Management Inc. bought a new stake in AAR during the 2nd quarter valued at $26,000. Morse Asset Management Inc purchased a new position in shares of AAR in the 3rd quarter valued at $27,000. NBC Securities Inc. purchased a new position in shares of AAR in the 4th quarter valued at $28,000. Finally, Danske Bank A S bought a new position in shares of AAR in the 4th quarter worth $28,000. 90.74% of the stock is owned by hedge funds and other institutional investors.

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.