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

StockNews.com lowered shares of AAR (NYSE:AIR) from a hold rating to a sell rating in a research note released on Saturday.

A number of other brokerages have also weighed in on AIR. KeyCorp started coverage on AAR in a report on Thursday, January 16th. They issued an “overweight” rating and a $83.00 price objective on the stock. Truist Financial decreased their price target on AAR from $81.00 to $78.00 and set a “buy” rating on the stock in a research note on Friday. One equities research 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. Based on data from MarketBeat, AAR has a consensus rating of “Moderate Buy” and an average price target of $80.80.

AAR Trading Down 16.4 %

Shares of AIR stock opened at $57.14 on Friday. The company has a market capitalization of $2.05 billion, a P/E ratio of 204.08 and a beta of 1.58. The company has a current ratio of 2.68, a quick ratio of 1.27 and a debt-to-equity ratio of 0.84. The business’s 50 day moving average is $66.69 and its two-hundred day moving average is $65.44. AAR has a twelve month low of $54.71 and a twelve month high of $76.34.

AAR (NYSE:AIR) last announced its quarterly earnings data on Thursday, March 27th. The aerospace company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 0.41% and a return on equity of 10.46%. AAR’s revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.85 EPS. Equities analysts forecast that AAR will post 3.77 EPS 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 dated Thursday, January 16th. The shares were sold at an average price of $70.40, for a total value of $2,357,062.40. Following the sale, the senior vice president now directly 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 Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Jessica A. Garascia sold 1,500 shares of the stock in a transaction dated Friday, January 10th. The shares were 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 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 have sold 185,793 shares of company stock valued at $12,538,396 in the last quarter. 4.10% of the stock is currently owned by corporate insiders.

Institutional Trading of AAR

Several institutional investors and hedge funds have recently made changes to their positions in AIR. Citigroup Inc. lifted its holdings in AAR by 12.7% in the 3rd quarter. Citigroup Inc. now owns 71,869 shares of the aerospace company’s stock valued at $4,697,000 after purchasing an additional 8,113 shares in the last quarter. FMR LLC raised its position in shares of AAR by 24.2% in the third quarter. FMR LLC now owns 109,543 shares of the aerospace company’s stock valued at $7,160,000 after buying an additional 21,342 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of AAR by 5.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,843 shares of the aerospace company’s stock valued at $643,000 after buying an additional 551 shares during the period. Public Sector Pension Investment Board boosted its position in AAR by 2.6% during the third quarter. Public Sector Pension Investment Board now owns 74,736 shares of the aerospace company’s stock worth $4,885,000 after acquiring an additional 1,900 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in AAR by 1.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 76,451 shares of the aerospace company’s stock worth $4,997,000 after acquiring an additional 879 shares during the period. 90.74% of the stock is currently owned by hedge funds and other institutional investors.

AAR Company Profile

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.