AAR Corp. (NYSE:AIR) Receives $83.50 Consensus PT from Brokerages

Shares of AAR Corp. (NYSE:AIR) have received an average recommendation of “Buy” from the five analysts that are covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a buy recommendation. The average 1 year price objective among analysts that have covered the stock in the last year is $83.50.

AIR has been the subject of several research analyst reports. Royal Bank of Canada upped their target price on shares of AAR from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, July 19th. Stifel Nicolaus cut their target price on AAR from $86.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, July 19th. Finally, Benchmark lifted their price target on shares of AAR from $65.00 to $83.00 and gave the company a “buy” rating in a report on Monday, April 15th.

Insider Activity at AAR

In other AAR news, SVP Christopher A. Jessup sold 15,929 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $70.09, for a total value of $1,116,463.61. Following the completion of the sale, the senior vice president now owns 51,803 shares in the company, valued at approximately $3,630,872.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CAO Eric Pachapa sold 5,121 shares of AAR stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $70.96, for a total value of $363,386.16. Following the completion of the sale, the chief accounting officer now directly owns 25,015 shares in the company, valued at $1,775,064.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Christopher A. Jessup sold 15,929 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $70.09, for a total value of $1,116,463.61. Following the sale, the senior vice president now directly owns 51,803 shares of the company’s stock, valued at $3,630,872.27. The disclosure for this sale can be found here. Insiders sold 36,023 shares of company stock valued at $2,528,708 over the last ninety days. 4.30% of the stock is owned by insiders.

Institutional Investors Weigh In On AAR

Several institutional investors have recently modified their holdings of the business. Wellington Management Group LLP bought a new position in shares of AAR during the third quarter worth $11,029,000. Raymond James & Associates acquired a new stake in shares of AAR in the fourth quarter valued at about $290,000. DekaBank Deutsche Girozentrale increased its position in shares of AAR by 124.6% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 1,251 shares of the aerospace company’s stock worth $77,000 after purchasing an additional 694 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of AAR by 5.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,272 shares of the aerospace company’s stock worth $1,015,000 after purchasing an additional 896 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of AAR by 1,312.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 39,536 shares of the aerospace company’s stock valued at $2,467,000 after buying an additional 36,737 shares during the last quarter. Institutional investors and hedge funds own 90.74% of the company’s stock.

AAR Price Performance

Shares of AIR opened at $66.62 on Monday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.41 and a current ratio of 2.98. The firm has a market cap of $2.36 billion, a PE ratio of 39.19 and a beta of 1.54. AAR has a twelve month low of $55.00 and a twelve month high of $76.34. The firm’s 50 day moving average price is $70.22 and its 200 day moving average price is $66.18.

AAR (NYSE:AIR) last issued its quarterly earnings results on Thursday, July 18th. The aerospace company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.02. AAR had a return on equity of 10.16% and a net margin of 2.00%. The company had revenue of $656.50 million for the quarter, compared to the consensus estimate of $660.05 million. During the same period last year, the business posted $0.83 earnings per share. The firm’s revenue was up 18.7% compared to the same quarter last year. As a group, research analysts expect that AAR will post 3.84 EPS for the current fiscal year.

AAR Company Profile

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. It operates through Aviation Services and Expeditionary Services segments. The Aviation Services segment engages in lease and sale of new, overhauled and repaired engine, and airframe parts and components, as well as aircrafts; and offers customized flight hour component inventory and repair, warranty claim management, and outsourcing programs for engine and airframe parts and components.