AAR (NYSE:AIR) Cut to “Sell” at StockNews.com

StockNews.com downgraded shares of AAR (NYSE:AIR) from a hold rating to a sell rating in a research note released on Saturday morning.

Several other analysts have also recently weighed in on AIR. KeyCorp started coverage on shares of AAR in a report on Thursday, January 16th. They issued an “overweight” rating and a $83.00 price target on the stock. Truist Financial cut their target price on shares of AAR from $81.00 to $78.00 and set a “buy” rating on the stock in a research note on Friday. One research analyst has rated the stock with a sell rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, AAR presently has an average rating of “Moderate Buy” and a consensus target price of $80.80.

AAR Stock Performance

AAR stock opened at $56.07 on Friday. The company has a current ratio of 2.68, a quick ratio of 1.27 and a debt-to-equity ratio of 0.84. The firm has a market cap of $2.01 billion, a P/E ratio of 200.25 and a beta of 1.58. AAR has a 1-year low of $54.22 and a 1-year high of $76.34. The firm has a 50-day moving average of $66.40 and a 200-day moving average of $65.38.

AAR (NYSE:AIR) last released its quarterly earnings data on Thursday, March 27th. The aerospace company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.03. AAR had a return on equity of 10.46% and a net margin of 0.41%. The business had revenue of $678.20 million during the quarter, compared to analysts’ expectations of $699.13 million. During the same quarter last year, the business posted $0.85 EPS. The business’s revenue was up 19.5% on a year-over-year basis. Sell-side analysts expect that AAR will post 3.77 EPS for the current year.

Insider Buying and Selling at AAR

In other AAR news, CAO Jessica A. Garascia sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $66.90, for a total transaction of $100,350.00. Following the completion of the transaction, the chief accounting officer now owns 37,565 shares of the company’s stock, valued at approximately $2,513,098.50. This trade represents a 3.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Sean M. Gillen sold 17,385 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $66.33, for a total value of $1,153,147.05. Following the completion of the sale, the chief financial officer now directly owns 72,326 shares in the company, valued at approximately $4,797,383.58. This represents a 19.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 185,793 shares of company stock valued at $12,538,396. 4.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On AAR

Several institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its position in AAR by 9.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 40,737 shares of the aerospace company’s stock valued at $2,663,000 after purchasing an additional 3,612 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of AAR during the fourth quarter valued at approximately $1,539,000. Charles Schwab Investment Management Inc. increased its position in shares of AAR by 3.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 538,125 shares of the aerospace company’s stock valued at $32,976,000 after acquiring an additional 19,863 shares in the last quarter. Shelton Wealth Management LLC purchased a new position in AAR in the 4th quarter worth approximately $1,068,000. Finally, Barclays PLC raised its holdings in AAR by 269.4% in the 3rd quarter. Barclays PLC now owns 66,223 shares of the aerospace company’s stock worth $4,328,000 after acquiring an additional 48,298 shares during the last quarter. 90.74% of the stock is currently owned by institutional investors.

About AAR

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. The Parts Supply segment leases and sells aircraft components and replacement parts. The Repair & Engineering segment provides airframe maintenance services, such as airframe inspection, painting, line maintenance, airframe modification, structural repair, avionics service and installation, exterior and interior refurbishment, and engineering and support services; component repair services comprising maintenance, repair, and overhaul (MRO) services, engine and airframe accessories, and interior refurbishment; and landing gear overhaul services, including repair services on wheels and brakes.