Equities researchers at Benchmark began coverage on shares of AAR (NYSE:AIR) in a research report issued to clients and investors on Thursday, The Fly reports. The brokerage set a “buy” rating on the aerospace company’s stock.

AIR has been the subject of several other reports. Zacks Investment Research lowered AAR from a “buy” rating to a “hold” rating and set a $51.00 price objective for the company. in a research note on Tuesday, December 24th. Stifel Nicolaus raised their price objective on AAR from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. ValuEngine lowered AAR from a “hold” rating to a “sell” rating in a research note on Tuesday. Canaccord Genuity reaffirmed a “buy” rating and issued a $55.00 price objective on shares of AAR in a research note on Friday, January 10th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $54.00 price objective (up from $46.00) on shares of AAR in a research note on Thursday, September 26th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $54.20.

Shares of AAR stock opened at $45.54 on Thursday. The stock has a 50 day moving average of $45.79 and a 200 day moving average of $42.91. AAR has a 12 month low of $29.84 and a 12 month high of $52.78. The firm has a market cap of $1.59 billion, a PE ratio of 19.30 and a beta of 1.15. The company has a current ratio of 2.64, a quick ratio of 1.21 and a debt-to-equity ratio of 0.30.

AAR (NYSE:AIR) last announced its quarterly earnings results on Thursday, December 19th. The aerospace company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.04. The company had revenue of $561.00 million during the quarter, compared to analyst estimates of $526.16 million. AAR had a return on equity of 10.18% and a net margin of 0.18%. The firm’s revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.59 earnings per share. As a group, equities research analysts forecast that AAR will post 2.62 earnings per share for the current fiscal year.

In related news, Director David P. Storch sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 9th. The stock was sold at an average price of $46.82, for a total transaction of $1,170,500.00. Following the completion of the sale, the director now directly owns 521,991 shares of the company’s stock, valued at approximately $24,439,618.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John Mcclain Holmes III sold 17,500 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $45.65, for a total value of $798,875.00. Following the sale, the chief executive officer now directly owns 183,588 shares of the company’s stock, valued at $8,380,792.20. The disclosure for this sale can be found here. Insiders have sold a total of 63,163 shares of company stock valued at $2,935,560 over the last three months. 8.01% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Summit Global Investments increased its holdings in AAR by 1.4% during the 2nd quarter. Summit Global Investments now owns 22,400 shares of the aerospace company’s stock worth $824,000 after purchasing an additional 300 shares during the period. Texas Permanent School Fund increased its holdings in AAR by 1.4% during the 3rd quarter. Texas Permanent School Fund now owns 22,436 shares of the aerospace company’s stock worth $925,000 after purchasing an additional 303 shares during the period. Mason Street Advisors LLC increased its holdings in AAR by 2.8% during the 3rd quarter. Mason Street Advisors LLC now owns 11,193 shares of the aerospace company’s stock worth $461,000 after purchasing an additional 307 shares during the period. Royal Bank of Canada increased its holdings in AAR by 27.8% during the 2nd quarter. Royal Bank of Canada now owns 1,603 shares of the aerospace company’s stock worth $60,000 after purchasing an additional 349 shares during the period. Finally, California State Teachers Retirement System increased its holdings in AAR by 1.2% during the 3rd quarter. California State Teachers Retirement System now owns 51,952 shares of the aerospace company’s stock worth $2,141,000 after purchasing an additional 621 shares during the period. Institutional investors own 91.91% of the company’s stock.

About AAR

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. The company operates in two segments, Aviation Services and Expeditionary Services. The Aviation Services segment offers aftermarket support and services; inventory management and distribution services; and maintenance, repair, and overhaul, as well as engineering services.

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