AAR (NYSE:AIR) Stock Rating Reaffirmed by Benchmark

Benchmark reaffirmed their buy rating on shares of AAR (NYSE:AIR) in a report issued on Tuesday, Benzinga reports. The firm currently has a $83.00 target price on the aerospace company’s stock.

AIR has been the topic of a number of other reports. StockNews.com lowered shares of AAR from a hold rating to a sell rating in a research report on Wednesday, September 11th. Stifel Nicolaus lowered their target price on shares of AAR from $86.00 to $85.00 and set a buy rating on the stock in a report on Friday, July 19th. Finally, Royal Bank of Canada reissued an outperform rating and set a $85.00 price target on shares of AAR in a report on Tuesday. One analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, AAR presently has a consensus rating of Moderate Buy and an average price target of $83.50.

AAR Trading Up 0.2 %

NYSE AIR opened at $63.80 on Tuesday. AAR has a one year low of $54.71 and a one year high of $76.34. The firm has a market cap of $2.26 billion, a PE ratio of 37.53 and a beta of 1.55. The firm’s fifty day moving average is $64.46 and its two-hundred day moving average is $66.59. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.41 and a current ratio of 2.98.

AAR (NYSE:AIR) last issued its quarterly earnings results on Monday, September 23rd. The aerospace company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.03. AAR had a return on equity of 10.31% and a net margin of 2.67%. The firm had revenue of $661.70 million for the quarter, compared to analysts’ expectations of $645.60 million. During the same quarter in the previous year, the firm posted $0.78 EPS. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. Analysts expect that AAR will post 3.72 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of AAR in the 2nd quarter worth approximately $1,745,000. Truist Financial Corp raised its holdings in AAR by 3.4% during the second quarter. Truist Financial Corp now owns 9,040 shares of the aerospace company’s stock worth $657,000 after purchasing an additional 296 shares during the last quarter. Susquehanna Fundamental Investments LLC boosted its position in AAR by 31.3% during the second quarter. Susquehanna Fundamental Investments LLC now owns 11,931 shares of the aerospace company’s stock worth $867,000 after purchasing an additional 2,841 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in AAR by 5.2% in the second quarter. The Manufacturers Life Insurance Company now owns 19,454 shares of the aerospace company’s stock valued at $1,414,000 after purchasing an additional 958 shares during the last quarter. Finally, Millennium Management LLC increased its position in shares of AAR by 37.4% in the second quarter. Millennium Management LLC now owns 310,144 shares of the aerospace company’s stock valued at $22,547,000 after buying an additional 84,459 shares in the last quarter. 90.74% of the stock is currently 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.