AAR (NYSE:AIR) Stock Rating Lowered by StockNews.com

AAR (NYSE:AIR) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

A number of other research analysts have also recently commented on AIR. Truist Financial dropped their price target on AAR from $81.00 to $78.00 and set a “buy” rating on the stock in a research report on Friday. KeyCorp began coverage on shares of AAR in a research report on Thursday, January 16th. They set an “overweight” rating and a $83.00 target price for the company. One analyst has rated the stock with a sell rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $80.80.

AAR Trading Down 16.4 %

Shares of AAR stock opened at $57.14 on Friday. The stock has a fifty day moving average price of $66.69 and a 200-day moving average price of $65.43. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.68 and a quick ratio of 1.27. The firm has a market cap of $2.05 billion, a PE ratio of 204.08 and a beta of 1.58. AAR has a 1 year low of $54.71 and a 1 year high of $76.34.

AAR (NYSE:AIR) last announced its quarterly earnings data on Thursday, March 27th. The aerospace company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.96 by $0.03. AAR had a net margin of 0.41% and a return on equity of 10.46%. The business had revenue of $678.20 million for the quarter, compared to analyst estimates of $699.13 million. During the same quarter in the previous year, the firm posted $0.85 earnings per share. The company’s revenue for the quarter was up 19.5% on a year-over-year basis. Equities research analysts anticipate that AAR will post 3.77 EPS for the current year.

Insider Buying and Selling

In related news, CEO John Mcclain Holmes III sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $70.81, for a total transaction of $354,050.00. Following the completion of the transaction, the chief executive officer now owns 341,680 shares of the company’s stock, valued at approximately $24,194,360.80. The trade was a 1.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Jessica A. Garascia sold 1,500 shares of the stock in a transaction that occurred on 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 owns 37,565 shares in the company, valued at $2,513,098.50. This represents a 3.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 185,793 shares of company stock valued at $12,538,396. Corporate insiders own 4.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Captrust Financial Advisors lifted its holdings in shares of AAR by 5.3% during the 3rd quarter. Captrust Financial Advisors now owns 3,537 shares of the aerospace company’s stock worth $231,000 after acquiring an additional 177 shares during the last quarter. Inspire Investing LLC raised its position in AAR by 3.3% during the fourth quarter. Inspire Investing LLC now owns 6,505 shares of the aerospace company’s stock valued at $399,000 after purchasing an additional 205 shares in the last quarter. Arizona State Retirement System raised its position in AAR by 2.1% during the fourth quarter. Arizona State Retirement System now owns 10,420 shares of the aerospace company’s stock valued at $639,000 after purchasing an additional 219 shares in the last quarter. HighTower Advisors LLC lifted its stake in AAR by 6.1% during the third quarter. HighTower Advisors LLC now owns 3,818 shares of the aerospace company’s stock worth $249,000 after purchasing an additional 220 shares during the last quarter. Finally, Sheets Smith Wealth Management boosted its holdings in shares of AAR by 3.2% in the 4th quarter. Sheets Smith Wealth Management now owns 7,015 shares of the aerospace company’s stock worth $430,000 after purchasing an additional 220 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. 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.