AAR (NYSE:AIR) Cut to “Sell” at StockNews.com

StockNews.com downgraded shares of AAR (NYSE:AIR) from a hold rating to a sell rating in a research note published on Thursday.

AIR has been the subject of a number of other reports. Benchmark reaffirmed a “buy” rating and set a $83.00 price objective on shares of AAR in a report on Friday, October 4th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $75.00 price target on shares of AAR in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $81.00.

AAR Price Performance

Shares of NYSE AIR opened at $67.59 on Thursday. The stock’s 50-day simple moving average is $65.04 and its two-hundred day simple moving average is $65.25. AAR has a twelve month low of $54.71 and a twelve month high of $76.34. The firm has a market capitalization of $2.43 billion, a P/E ratio of 37.14 and a beta of 1.61. The company has a quick ratio of 1.45, a current ratio of 3.06 and a debt-to-equity ratio of 0.81.

AAR (NYSE:AIR) last posted its quarterly earnings data on Tuesday, January 7th. The aerospace company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.07. AAR had a net margin of 2.67% and a return on equity of 10.22%. The company had revenue of $686.10 million for the quarter, compared to analysts’ expectations of $654.47 million. During the same period in the prior year, the business earned $0.81 earnings per share. AAR’s revenue for the quarter was up 25.8% compared to the same quarter last year. As a group, equities analysts anticipate that AAR will post 3.63 EPS for the current fiscal year.

Insider Activity

In related news, CAO Jessica A. Garascia sold 1,500 shares of the stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $66.90, for a total transaction of $100,350.00. Following the completion of the sale, the chief accounting officer now directly owns 37,565 shares in the company, valued at $2,513,098.50. This represents a 3.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Sean M. Gillen sold 17,385 shares of the firm’s 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 transaction, the chief financial officer now owns 72,326 shares in the company, valued at approximately $4,797,383.58. The trade was a 19.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On AAR

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AIR. Amalgamated Bank increased its position in shares of AAR by 1.7% in the third quarter. Amalgamated Bank now owns 10,319 shares of the aerospace company’s stock valued at $674,000 after acquiring an additional 177 shares during the period. Captrust Financial Advisors increased its holdings in AAR by 5.3% during the 3rd quarter. Captrust Financial Advisors now owns 3,537 shares of the aerospace company’s stock valued at $231,000 after purchasing an additional 177 shares during the period. HighTower Advisors LLC raised its position in AAR by 6.1% during the 3rd quarter. HighTower Advisors LLC now owns 3,818 shares of the aerospace company’s stock valued at $249,000 after purchasing an additional 220 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in AAR by 43.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 778 shares of the aerospace company’s stock worth $57,000 after buying an additional 234 shares during the period. Finally, Truist Financial Corp grew its position in shares of AAR by 3.4% in the 2nd quarter. Truist Financial Corp now owns 9,040 shares of the aerospace company’s stock worth $657,000 after buying an additional 296 shares during the last quarter. 90.74% of the stock is currently owned by institutional investors.

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.