AAR Corp. (NYSE:AIR) Receives $83.50 Average Target Price from Brokerages

Shares of AAR Corp. (NYSE:AIR) have received a consensus recommendation of “Buy” from the five brokerages that are presently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy rating. The average 1-year price target among analysts that have issued a report on the stock in the last year is $83.50.

Several research analysts have recently weighed in on the stock. Stifel Nicolaus lowered their price objective on shares of AAR from $86.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday, July 19th. Royal Bank of Canada lifted their price target on AAR from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, July 19th. Finally, Benchmark upped their price objective on AAR from $65.00 to $83.00 and gave the company a “buy” rating in a research note on Monday, April 15th.

Insider Activity at AAR

In other news, SVP Christopher A. Jessup sold 14,973 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $70.05, for a total transaction of $1,048,858.65. Following the transaction, the senior vice president now owns 51,803 shares in the company, valued at $3,628,800.15. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, SVP Christopher A. Jessup sold 14,973 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $70.05, for a total value of $1,048,858.65. Following the transaction, the senior vice president now directly owns 51,803 shares in the company, valued at $3,628,800.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Eric Pachapa sold 5,121 shares of AAR stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $70.96, for a total transaction of $363,386.16. Following the completion of the sale, the chief accounting officer now owns 25,015 shares of the company’s stock, valued at approximately $1,775,064.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,023 shares of company stock worth $2,528,708. Insiders own 4.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in AAR by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 3,761,632 shares of the aerospace company’s stock valued at $234,726,000 after acquiring an additional 44,948 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of AAR by 41.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 551,439 shares of the aerospace company’s stock valued at $40,090,000 after purchasing an additional 160,363 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of AAR by 3.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 531,786 shares of the aerospace company’s stock valued at $33,183,000 after purchasing an additional 17,465 shares during the last quarter. Janus Henderson Group PLC raised its holdings in shares of AAR by 13.8% during the 1st quarter. Janus Henderson Group PLC now owns 530,682 shares of the aerospace company’s stock worth $31,772,000 after buying an additional 64,274 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of AAR by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 505,352 shares of the aerospace company’s stock worth $30,255,000 after buying an additional 11,350 shares during the last quarter. Institutional investors own 90.74% of the company’s stock.

AAR Stock Up 0.5 %

AIR stock opened at $66.62 on Monday. The company has a market cap of $2.38 billion, a price-to-earnings ratio of 39.50 and a beta of 1.54. AAR has a twelve month low of $55.00 and a twelve month high of $76.34. The business has a 50 day moving average price of $70.32 and a two-hundred day moving average price of $66.01. The company has a quick ratio of 1.41, a current ratio of 2.98 and a debt-to-equity ratio of 0.83.

AAR (NYSE:AIR) last released its earnings results on Thursday, July 18th. The aerospace company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.02. AAR had a net margin of 2.00% and a return on equity of 10.16%. The business had revenue of $656.50 million during the quarter, compared to analysts’ expectations of $660.05 million. During the same period last year, the business earned $0.83 earnings per share. The firm’s revenue was up 18.7% on a year-over-year basis. Analysts anticipate that AAR will post 3.84 EPS for the current fiscal year.

About AAR

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. It operates through Aviation Services and Expeditionary Services segments. The Aviation Services segment engages in lease and sale of new, overhauled and repaired engine, and airframe parts and components, as well as aircrafts; and offers customized flight hour component inventory and repair, warranty claim management, and outsourcing programs for engine and airframe parts and components.