AAR Corp. (NYSE:AIR) Receives $82.50 Consensus PT from Analysts

Shares of AAR Corp. (NYSE:AIR) have been given an average recommendation of “Buy” by the five research firms that are currently covering the company, MarketBeat reports. Five research analysts have rated the stock with a buy rating. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $82.50.

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus increased their price objective on shares of AAR from $81.00 to $86.00 and gave the stock a “buy” rating in a research note on Tuesday, May 14th. Benchmark increased their price objective on shares of AAR from $65.00 to $83.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $80.00 price objective on shares of AAR in a research note on Friday, May 24th.

AAR Trading Up 1.0 %

Shares of AAR stock opened at $72.70 on Thursday. The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of 42.76 and a beta of 1.59. The company has a quick ratio of 1.33, a current ratio of 2.90 and a debt-to-equity ratio of 0.24. AAR has a 12-month low of $55.00 and a 12-month high of $73.95. The firm’s 50-day moving average price is $69.93 and its two-hundred day moving average price is $65.30.

Insider Activity

In related news, CEO John Mcclain Holmes III sold 29,250 shares of AAR stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $60.21, for a total transaction of $1,761,142.50. Following the sale, the chief executive officer now directly owns 303,621 shares in the company, valued at approximately $18,281,020.41. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO John Mcclain Holmes III sold 29,250 shares of AAR stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $60.21, for a total transaction of $1,761,142.50. Following the sale, the chief executive officer now directly owns 303,621 shares in the company, valued at approximately $18,281,020.41. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Christopher A. Jessup sold 15,929 shares of AAR stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $70.09, for a total transaction of $1,116,463.61. Following the sale, the senior vice president now owns 51,803 shares in the company, valued at $3,630,872.27. The disclosure for this sale can be found here. In the last three months, insiders have sold 100,770 shares of company stock worth $6,387,031. Corporate insiders own 4.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in AAR by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 3,761,632 shares of the aerospace company’s stock worth $234,726,000 after purchasing an additional 44,948 shares during 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 acquiring an additional 17,465 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of AAR by 13.8% in the 1st quarter. Janus Henderson Group PLC now owns 530,682 shares of the aerospace company’s stock valued at $31,772,000 after acquiring an additional 64,274 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of AAR by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 505,352 shares of the aerospace company’s stock valued at $30,255,000 after acquiring an additional 11,350 shares in the last quarter. Finally, Invesco Ltd. increased its stake in shares of AAR by 15.8% in the 3rd quarter. Invesco Ltd. now owns 437,294 shares of the aerospace company’s stock valued at $26,032,000 after acquiring an additional 59,714 shares in the last quarter. 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. 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.