AAR (NYSE:AIR) Now Covered by Analysts at KeyCorp

KeyCorp began coverage on shares of AAR (NYSE:AIR) in a report released on Thursday,Briefing.com Automated Import reports. The brokerage set an “overweight” rating and a $83.00 price target on the aerospace company’s stock. KeyCorp’s price target points to a potential upside of 19.25% from the company’s previous close.

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

AAR Stock Up 0.2 %

AAR stock opened at $69.60 on Thursday. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.06 and a quick ratio of 1.45. The business has a 50 day simple moving average of $65.52 and a 200-day simple moving average of $65.19. The stock has a market capitalization of $2.50 billion, a PE ratio of 38.24 and a beta of 1.61. AAR has a 12 month low of $54.71 and a 12 month high of $76.34.

AAR (NYSE:AIR) last released its earnings results on Tuesday, January 7th. The aerospace company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.07. The business had revenue of $686.10 million during the quarter, compared to analysts’ expectations of $654.47 million. AAR had a net margin of 2.67% and a return on equity of 10.22%. The company’s quarterly revenue was up 25.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.81 earnings per share. On average, analysts anticipate that AAR will post 3.63 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CAO Jessica A. Garascia sold 1,500 shares of the firm’s stock in a transaction dated 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 sale, the chief accounting officer now directly owns 37,565 shares in the company, valued at approximately $2,513,098.50. This trade represents a 3.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John Mcclain Holmes III sold 128,427 shares of the business’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $66.76, for a total transaction of $8,573,786.52. Following the completion of the transaction, the chief executive officer now owns 346,680 shares in the company, valued at $23,144,356.80. The trade was a 27.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 147,312 shares of company stock worth $9,827,284. 4.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On AAR

Institutional investors have recently modified their holdings of the company. National Bank of Canada FI acquired a new stake in AAR during the 3rd quarter worth approximately $25,000. Quest Partners LLC purchased a new stake in shares of AAR during the second quarter worth $33,000. EverSource Wealth Advisors LLC increased its position in shares of AAR by 43.0% during the second quarter. EverSource Wealth Advisors LLC now owns 778 shares of the aerospace company’s stock worth $57,000 after acquiring an additional 234 shares during the period. KBC Group NV raised its stake in shares of AAR by 32.9% in the third quarter. KBC Group NV now owns 1,324 shares of the aerospace company’s stock valued at $87,000 after acquiring an additional 328 shares in the last quarter. Finally, Net Worth Advisory Group purchased a new position in AAR in the third quarter valued at $228,000. 90.74% of the stock is owned by institutional investors and hedge funds.

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.