AAR (NYSE:AIR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of AAR (NYSE:AIR) from a hold rating to a buy rating in a research report sent to investors on Saturday morning.

A number of other equities analysts have also weighed in on AIR. Zacks Research upgraded shares of AAR from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 9th. Weiss Ratings reissued a “hold (c-)” rating on shares of AAR in a report on Monday, December 29th. Jefferies Financial Group set a $112.00 price objective on shares of AAR and gave the company a “buy” rating in a research report on Thursday, January 15th. Royal Bank Of Canada boosted their target price on AAR from $90.00 to $105.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 7th. Finally, The Goldman Sachs Group started coverage on AAR in a report on Monday, January 26th. They issued a “neutral” rating and a $121.00 price target for the company. One research 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 data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $115.40.

AAR Trading Down 0.2%

AIR opened at $116.71 on Friday. The company has a quick ratio of 1.31, a current ratio of 2.84 and a debt-to-equity ratio of 0.61. AAR has a 52 week low of $46.51 and a 52 week high of $118.00. The business’s 50 day moving average is $100.02 and its two-hundred day moving average is $87.17. The firm has a market cap of $4.62 billion, a price-to-earnings ratio of 45.77 and a beta of 1.23.

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

Insider Activity

In other AAR news, SVP Christopher A. Jessup sold 23,621 shares of the firm’s stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $97.05, for a total transaction of $2,292,418.05. Following the sale, the senior vice president directly owned 65,769 shares of the company’s stock, valued at $6,382,881.45. This trade represents a 26.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Jessica A. Garascia sold 4,787 shares of the business’s stock in a transaction that occurred on Thursday, January 8th. The shares were 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 directly owned 29,557 shares of the company’s stock, valued at approximately $2,815,304.25. This represents a 13.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 128,984 shares of company stock valued at $12,517,090 in the last 90 days. Company insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Dean Capital Management boosted its holdings in shares of AAR by 34.1% during the fourth quarter. Dean Capital Management now owns 23,504 shares of the aerospace company’s stock worth $1,946,000 after purchasing an additional 5,974 shares during the last quarter. Invesco Ltd. lifted its position in AAR by 7.7% during the fourth quarter. Invesco Ltd. now owns 1,122,792 shares of the aerospace company’s stock worth $92,956,000 after buying an additional 80,265 shares during the period. Corient Private Wealth LLC acquired a new stake in AAR in the 4th quarter worth about $239,000. Skyview Financial Group LLC purchased a new stake in AAR in the 4th quarter valued at about $2,845,000. Finally, State of Tennessee Department of Treasury increased its stake in shares of AAR by 23.0% during the 4th quarter. State of Tennessee Department of Treasury now owns 15,902 shares of the aerospace company’s stock valued at $1,317,000 after acquiring an additional 2,972 shares during the last quarter. Hedge funds and other institutional investors own 90.74% of the company’s stock.

About AAR

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.