AAR (NYSE:AIR) Stock Rating Lowered by StockNews.com

AAR (NYSE:AIR) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

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

AAR Stock Performance

AIR opened at $57.14 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.27 and a current ratio of 2.68. The business’s 50-day simple moving average is $66.69 and its 200 day simple moving average is $65.45. The firm has a market capitalization of $2.05 billion, a PE ratio of 204.08 and a beta of 1.58. AAR has a 52-week low of $54.71 and a 52-week high of $76.34.

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. The company had revenue of $678.20 million for 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%. AAR’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.85 EPS. As a group, sell-side analysts expect that AAR will post 3.77 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO John Mcclain Holmes III sold 128,427 shares of the company’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $66.76, for a total transaction of $8,573,786.52. Following the completion of the sale, the chief executive officer now directly owns 346,680 shares in the company, valued at approximately $23,144,356.80. This represents a 27.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Sean M. Gillen sold 17,385 shares of the stock in a transaction 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 sale, the chief financial officer now directly owns 72,326 shares in the company, valued at approximately $4,797,383.58. This trade represents a 19.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 185,793 shares of company stock worth $12,538,396 in the last quarter. Corporate insiders own 4.10% of the company’s stock.

Institutional Investors Weigh In On AAR

Institutional investors and hedge funds have recently bought and sold shares of the company. National Bank of Canada FI bought a new position in AAR in the 3rd quarter valued at about $25,000. Putney Financial Group LLC acquired a new stake in shares of AAR during the 4th quarter worth approximately $30,000. Virtus Fund Advisers LLC acquired a new stake in shares of AAR during the 4th quarter worth approximately $36,000. Sterling Capital Management LLC increased its stake in AAR by 761.2% in the fourth quarter. Sterling Capital Management LLC now owns 887 shares of the aerospace company’s stock valued at $54,000 after acquiring an additional 784 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in AAR by 124.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,012 shares of the aerospace company’s stock valued at $62,000 after purchasing an additional 561 shares in the last quarter. 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.