AAR (NYSE:AIR) Coverage Initiated at KeyCorp

KeyCorp assumed coverage on shares of AAR (NYSE:AIR) in a report published on Thursday, Marketbeat reports. The firm issued an overweight rating and a $83.00 price target on the aerospace company’s stock.

A number of other research analysts also recently issued reports on AIR. Benchmark reaffirmed a “buy” rating and set a $83.00 price target on shares of AAR in a report on Friday, October 4th. StockNews.com downgraded AAR from a “hold” rating to a “sell” rating in a report on Thursday, January 9th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $75.00 price target on shares of AAR in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $81.50.

AAR Trading Up 1.6 %

AAR stock opened at $70.61 on Thursday. The company has a current ratio of 2.68, a quick ratio of 1.45 and a debt-to-equity ratio of 0.84. The business’s fifty day simple moving average is $65.68 and its two-hundred day simple moving average is $65.23. AAR has a 12 month low of $54.71 and a 12 month high of $76.34. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of 252.17 and a beta of 1.61.

AAR (NYSE:AIR) last released its earnings results on Tuesday, January 7th. The aerospace company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.83 by $0.07. The business had revenue of $686.10 million for the quarter, compared to the consensus estimate of $654.47 million. AAR had a return on equity of 10.46% and a net margin of 0.41%. The company’s revenue for the quarter was up 25.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.81 earnings per share. As a group, equities analysts predict that AAR will post 3.75 earnings per share for the current fiscal year.

Insider Activity at AAR

In other AAR news, CAO Jessica A. Garascia sold 1,500 shares of the company’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $66.90, for a total value of $100,350.00. Following the completion of the sale, the chief accounting officer now owns 37,565 shares in the company, valued at $2,513,098.50. This represents a 3.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO John Mcclain Holmes III sold 128,427 shares of the company’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $66.76, for a total value of $8,573,786.52. Following the completion of the sale, the chief executive officer now owns 346,680 shares of the company’s stock, valued at approximately $23,144,356.80. The trade was a 27.03 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 147,312 shares of company stock worth $9,827,284. 4.10% of the stock is owned by insiders.

Institutional Trading of AAR

Hedge funds and other institutional investors have recently bought and sold shares of the stock. National Bank of Canada FI purchased a new stake in AAR in the third quarter worth about $25,000. Quest Partners LLC purchased a new stake in AAR in the second quarter worth about $33,000. EverSource Wealth Advisors LLC increased its position in AAR by 43.0% in the second quarter. EverSource Wealth Advisors LLC now owns 778 shares of the aerospace company’s stock worth $57,000 after buying an additional 234 shares in the last quarter. KBC Group NV increased its position in AAR by 32.9% in the third quarter. KBC Group NV now owns 1,324 shares of the aerospace company’s stock worth $87,000 after buying an additional 328 shares in the last quarter. Finally, ZWJ Investment Counsel Inc. bought a new position in shares of AAR in the fourth quarter worth about $203,000. Hedge funds and other institutional investors own 90.74% of the company’s stock.

AAR Company Profile

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.