AAR (NYSE:AIR) Sets New 52-Week Low – Should You Sell?

Shares of AAR Corp. (NYSE:AIR) hit a new 52-week low on Monday . The stock traded as low as $46.51 and last traded at $47.04, with a volume of 23012 shares traded. The stock had previously closed at $50.08.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. StockNews.com downgraded AAR from a “hold” rating to a “sell” rating in a research report on Saturday, March 29th. KeyCorp reduced their price target on shares of AAR from $83.00 to $80.00 and set an “overweight” rating for the company in a report on Wednesday, April 2nd. Finally, Truist Financial dropped their price objective on shares of AAR from $81.00 to $78.00 and set a “buy” rating on the stock in a research note on Friday, March 28th. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $80.20.

AAR Stock Down 3.6 %

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 firm has a market capitalization of $1.74 billion, a P/E ratio of 173.24 and a beta of 1.32. The business’s fifty day moving average price is $65.05 and its two-hundred day moving average price is $64.99.

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

Insider Buying and Selling at AAR

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

Institutional Trading of AAR

Large investors have recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division lifted its holdings in shares of AAR by 40.0% during the first quarter. Central Pacific Bank Trust Division now owns 3,500 shares of the aerospace company’s stock worth $196,000 after purchasing an additional 1,000 shares during the period. Putney Financial Group LLC purchased a new position in AAR during the 4th quarter worth approximately $30,000. Public Employees Retirement System of Ohio lifted its stake 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 acquiring an additional 4,338 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of 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 valued at $5,705,000 after acquiring an additional 16,645 shares during the last quarter. Finally, Virtus Fund Advisers LLC acquired a new stake in shares of AAR in the fourth quarter worth $36,000. 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.