BidaskClub Upgrades AAR Corp. (AIR) to “Hold”
AAR Corp. (NYSE:AIR) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.
A number of other equities analysts also recently issued reports on the company. Zacks Investment Research downgraded AAR Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Noble Financial began coverage on AAR Corp. in a research report on Monday, April 3rd. They set a “buy” rating and a $40.00 price target on the stock. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $46.80.
AAR Corp. (NYSE:AIR) opened at 35.46 on Thursday. AAR Corp. has a 12 month low of $21.99 and a 12 month high of $38.75. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 25.90 and a beta of 1.37. The firm’s 50-day moving average price is $34.70 and its 200 day moving average price is $34.14.
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In related news, Director Anthony Anderson sold 3,500 shares of the company’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $35.21, for a total transaction of $123,235.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 8.23% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in AIR. Bank of Montreal Can boosted its stake in AAR Corp. by 10.1% in the first quarter. Bank of Montreal Can now owns 3,371 shares of the aerospace company’s stock worth $114,000 after buying an additional 309 shares during the period. State of Alaska Department of Revenue boosted its stake in AAR Corp. by 0.9% in the first quarter. State of Alaska Department of Revenue now owns 3,520 shares of the aerospace company’s stock worth $118,000 after buying an additional 30 shares during the period. Victory Capital Management Inc. boosted its stake in AAR Corp. by 15.9% in the first quarter. Victory Capital Management Inc. now owns 3,623 shares of the aerospace company’s stock worth $122,000 after buying an additional 496 shares during the period. FNY Partners Fund LP acquired a new stake in AAR Corp. during the first quarter worth approximately $127,000. Finally, BNP Paribas Arbitrage SA boosted its stake in AAR Corp. by 12.2% in the first quarter. BNP Paribas Arbitrage SA now owns 6,579 shares of the aerospace company’s stock worth $221,000 after buying an additional 715 shares during the period. Institutional investors own 90.04% of the company’s stock.
AAR Corp. Company Profile
AAR CORP. (AAR) is a provider of services and products to the commercial aviation and government and defense markets. The Company operates in two segments: Aviation Services, which consists of supply chain and maintenance, repair and overhaul (MRO) activities, and Expeditionary Services, which includes airlift and mobility activities.
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