AAR (NYSE:AIR) Given New $80.00 Price Target at KeyCorp

AAR (NYSE:AIR) had its target price decreased by KeyCorp from $83.00 to $80.00 in a report issued on Wednesday morning,Benzinga reports. KeyCorp currently has an overweight rating on the aerospace company’s stock.

A number of other equities research analysts also recently issued reports on the stock. Truist Financial cut their price objective on shares of AAR from $81.00 to $78.00 and set a “buy” rating for the company in a research report on Friday, March 28th. StockNews.com lowered AAR from a “hold” rating to a “sell” rating in a report on Saturday, March 29th. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $80.20.

AAR Stock Performance

Shares of AIR opened at $57.55 on Wednesday. AAR has a one year low of $54.22 and a one year high of $76.34. The business has a fifty day moving average of $65.79 and a 200 day moving average of $65.24. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.68 and a quick ratio of 1.27. The firm has a market capitalization of $2.08 billion, a P/E ratio of 205.54 and a beta of 1.32.

AAR (NYSE:AIR) last released its quarterly earnings results on Thursday, March 27th. The aerospace company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.96 by $0.03. The firm had revenue of $678.20 million during the quarter, compared to analyst estimates of $699.13 million. AAR had a net margin of 0.41% and a return on equity of 10.46%. The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.85 EPS. As a group, sell-side analysts anticipate that AAR will post 3.77 EPS for the current year.

Insider Buying and Selling at AAR

In other AAR news, CEO John Mcclain Holmes III sold 5,000 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $70.81, for a total transaction of $354,050.00. Following the completion of the sale, the chief executive officer now directly owns 341,680 shares of the company’s stock, valued at $24,194,360.80. This trade represents a 1.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Sean M. Gillen sold 17,385 shares of the business’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $66.33, for a total transaction of $1,153,147.05. Following the completion of the transaction, the chief financial officer now directly owns 72,326 shares in the company, valued at $4,797,383.58. This trade represents a 19.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 185,793 shares of company stock valued at $12,538,396 over the last ninety days. 4.10% of the stock is currently owned by company insiders.

Institutional Trading of AAR

Several hedge funds have recently bought and sold shares of the stock. Putney Financial Group LLC bought a new stake in shares of AAR in the fourth quarter worth about $30,000. Public Employees Retirement System of Ohio grew its holdings in AAR by 8.1% during the 4th quarter. Public Employees Retirement System of Ohio now owns 57,811 shares of the aerospace company’s stock valued at $3,543,000 after buying an additional 4,338 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in AAR by 21.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 93,096 shares of the aerospace company’s stock worth $5,705,000 after acquiring an additional 16,645 shares during the last quarter. Virtus Fund Advisers LLC purchased a new stake in shares of AAR during the 4th quarter worth approximately $36,000. Finally, Virtus Investment Advisers Inc. bought a new position in shares of AAR during the 4th quarter valued at approximately $519,000. Hedge funds and other institutional investors own 90.74% of the company’s stock.

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.