AAR (NYSE:AIR) Now Covered by KeyCorp

Equities research analysts at KeyCorp began coverage on shares of AAR (NYSE:AIR) in a research report issued to clients and investors on Thursday, Marketbeat reports. The brokerage set an “overweight” rating and a $83.00 price target on the aerospace company’s stock. KeyCorp’s price objective suggests a potential upside of 18.15% from the stock’s previous close. KeyCorp also issued estimates for AAR’s FY2025 earnings at $3.83 EPS and FY2026 earnings at $4.63 EPS.

Several other analysts also recently commented on the company. StockNews.com downgraded AAR from a “hold” rating to a “sell” rating in a research note on Thursday, January 9th. Benchmark reissued a “buy” rating and set a $83.00 price target on shares of AAR in a research report on Friday, October 4th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $75.00 price objective on shares of AAR in a report on Monday, November 4th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $81.50.

AAR Stock Performance

NYSE:AIR opened at $70.25 on Thursday. The company has a 50 day simple moving average of $65.77 and a two-hundred day simple moving average of $65.22. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.45 and a current ratio of 2.68. AAR has a fifty-two week low of $54.71 and a fifty-two week high of $76.34. The company has a market capitalization of $2.52 billion, a PE ratio of 250.91 and a beta of 1.61.

AAR (NYSE:AIR) last announced its earnings results on Tuesday, January 7th. The aerospace company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.83 by $0.07. AAR had a return on equity of 10.46% and a net margin of 0.41%. The company had revenue of $686.10 million for the quarter, compared to analyst estimates of $654.47 million. During the same quarter in the prior year, the company earned $0.81 EPS. The firm’s revenue for the quarter was up 25.8% compared to the same quarter last year. Research analysts anticipate that AAR will post 3.75 earnings per share for the current year.

Insider Transactions at AAR

In related news, SVP Christopher A. Jessup sold 33,481 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $70.40, for a total value of $2,357,062.40. Following the completion of the sale, the senior vice president now owns 63,209 shares in the company, valued at $4,449,913.60. The trade was a 34.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Sean M. Gillen sold 17,385 shares of the stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $66.33, for a total value of $1,153,147.05. Following the sale, the chief financial officer now owns 72,326 shares of the company’s stock, valued at $4,797,383.58. This represents a 19.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 180,793 shares of company stock valued at $12,184,346. 4.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On AAR

Several hedge funds have recently made changes to their positions in AIR. Westwood Holdings Group Inc. bought a new stake in AAR in the second quarter valued at $77,754,000. Allspring Global Investments Holdings LLC lifted its holdings in AAR by 32.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 732,957 shares of the aerospace company’s stock worth $47,906,000 after buying an additional 181,518 shares during the period. Thrivent Financial for Lutherans boosted its position in AAR by 83.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 297,482 shares of the aerospace company’s stock valued at $21,627,000 after acquiring an additional 135,445 shares in the last quarter. Loomis Sayles & Co. L P grew its holdings in shares of AAR by 20.5% during the 3rd quarter. Loomis Sayles & Co. L P now owns 790,267 shares of the aerospace company’s stock worth $51,652,000 after acquiring an additional 134,215 shares during the period. Finally, Franklin Resources Inc. grew its holdings in shares of AAR by 13.4% during the 3rd quarter. Franklin Resources Inc. now owns 969,741 shares of the aerospace company’s stock worth $59,591,000 after acquiring an additional 114,460 shares during the period. 90.74% of the stock is owned by hedge funds and other 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.