AAR (NYSE:AIR) Now Covered by KeyCorp

KeyCorp began coverage on shares of AAR (NYSE:AIR) in a research report sent to investors on Thursday, MarketBeat reports. The firm issued an overweight rating and a $83.00 price objective on the aerospace company’s stock.

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

AAR Stock Performance

Shares of AIR opened at $70.61 on Thursday. The company has a market cap of $2.54 billion, a PE ratio of 252.17 and a beta of 1.61. 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 stock has a 50-day moving average price of $65.68 and a 200-day moving average price of $65.23. AAR has a 12-month low of $54.71 and a 12-month high of $76.34.

AAR (NYSE:AIR) last issued its quarterly earnings results on Tuesday, January 7th. The aerospace company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.07. The firm had revenue of $686.10 million during 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% on a year-over-year basis. During the same quarter last year, the company posted $0.81 EPS. As a group, equities analysts forecast that AAR will post 3.75 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other AAR news, CAO Jessica A. Garascia sold 1,500 shares of AAR stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $66.90, for a total value of $100,350.00. Following the transaction, the chief accounting officer now directly owns 37,565 shares of the company’s stock, valued at $2,513,098.50. The trade was a 3.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sean M. Gillen sold 17,385 shares of AAR stock in a transaction that occurred 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 147,312 shares of company stock valued at $9,827,284 in the last ninety days. Company insiders own 4.10% of the company’s stock.

Hedge Funds Weigh In On AAR

Hedge funds have recently made changes to their positions in the business. National Bank of Canada FI purchased a new position in shares of AAR during the third quarter valued at approximately $25,000. Quest Partners LLC purchased a new position in shares of AAR during the second quarter valued at approximately $33,000. EverSource Wealth Advisors LLC boosted 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 valued at $57,000 after purchasing an additional 234 shares in the last quarter. KBC Group NV boosted its position in shares of AAR by 32.9% during the third quarter. KBC Group NV now owns 1,324 shares of the aerospace company’s stock valued at $87,000 after purchasing an additional 328 shares in the last quarter. Finally, ZWJ Investment Counsel Inc. bought a new stake in shares of AAR during the fourth quarter valued at approximately $203,000. 90.74% of the stock is owned by hedge funds and other institutional investors.

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.