AAR (NYSE:AIR) Sets New 12-Month Low After Analyst Downgrade

AAR Corp. (NYSE:AIR)’s stock price reached a new 52-week low during trading on Monday after StockNews.com downgraded the stock from a hold rating to a sell rating. The stock traded as low as $54.22 and last traded at $55.12, with a volume of 158599 shares traded. The stock had previously closed at $57.14.

A number of other equities analysts have also commented on the stock. Truist Financial cut their price target on shares of AAR from $81.00 to $78.00 and set a “buy” rating on the stock in a report on Friday, March 28th. KeyCorp assumed coverage on AAR in a report on Thursday, January 16th. They set an “overweight” rating and a $83.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $80.80.

Insider Transactions at AAR

In related news, CEO John Mcclain Holmes III sold 128,427 shares of the company’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $66.76, for a total transaction of $8,573,786.52. Following the sale, the chief executive officer now owns 346,680 shares in the company, valued at $23,144,356.80. This represents a 27.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Jessica A. Garascia sold 1,500 shares of AAR stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $66.90, for a total value of $100,350.00. Following the completion of the sale, the chief accounting officer now owns 37,565 shares of the company’s stock, valued at approximately $2,513,098.50. The trade was a 3.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 185,793 shares of company stock worth $12,538,396 over the last three months. 4.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of AIR. National Bank of Canada FI bought a new stake in AAR in the third quarter valued at $25,000. Putney Financial Group LLC acquired a new stake in shares of AAR in the 4th quarter valued at about $30,000. Virtus Fund Advisers LLC bought a new stake in AAR in the 4th quarter valued at about $36,000. Sterling Capital Management LLC raised its stake in AAR by 761.2% during the 4th quarter. Sterling Capital Management LLC now owns 887 shares of the aerospace company’s stock worth $54,000 after buying an additional 784 shares during the period. Finally, Smartleaf Asset Management LLC raised its stake in AAR by 124.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,012 shares of the aerospace company’s stock worth $62,000 after buying an additional 561 shares during the period. Institutional investors and hedge funds own 90.74% of the company’s stock.

AAR Trading Down 1.0 %

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 fifty day simple moving average of $66.06 and a 200-day simple moving average of $65.29. The firm has a market cap of $1.99 billion, a P/E ratio of 197.91 and a beta of 1.58.

AAR (NYSE:AIR) last issued its earnings results on Thursday, March 27th. The aerospace company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.03. The company had revenue of $678.20 million for the quarter, compared to analysts’ expectations of $699.13 million. AAR had a return on equity of 10.46% and a net margin of 0.41%. AAR’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period last year, the business earned $0.85 EPS. On average, equities research analysts expect that AAR Corp. will post 3.77 earnings per share for the current year.

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.