AAR Corp. (NYSE:AIR) Given Average Rating of “Moderate Buy” by Brokerages

Shares of AAR Corp. (NYSE:AIR) have been assigned an average recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $135.60.

AIR has been the subject of a number of research reports. KeyCorp restated a “sector weight” rating on shares of AAR in a research report on Wednesday, July 22nd. Truist Financial increased their price target on shares of AAR from $128.00 to $145.00 and gave the company a “buy” rating in a research report on Monday, July 27th. Wall Street Zen cut shares of AAR from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings raised shares of AAR from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 23rd. Finally, Zacks Research upgraded AAR from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 10th.

AAR Trading Up 4.5%

Shares of AIR stock opened at $149.46 on Wednesday. AAR has a fifty-two week low of $71.43 and a fifty-two week high of $150.85. The stock has a market cap of $5.96 billion, a P/E ratio of 30.94 and a beta of 1.11. The business has a fifty day simple moving average of $131.43 and a 200-day simple moving average of $118.46. The company has a quick ratio of 1.24, a current ratio of 2.84 and a debt-to-equity ratio of 0.52.

AAR (NYSE:AIR) last released its quarterly earnings results on Tuesday, July 21st. The aerospace company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.15. The business had revenue of $928.00 million during the quarter, compared to the consensus estimate of $893.03 million. AAR had a return on equity of 12.67% and a net margin of 5.67%.The business’s revenue was up 23.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.16 EPS. On average, analysts forecast that AAR will post 5.92 earnings per share for the current fiscal year.

Hedge Funds Weigh In On AAR

Hedge funds have recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. acquired a new position in shares of AAR in the second quarter worth $3,630,000. Hennion & Walsh Asset Management Inc. boosted its stake in shares of AAR by 8.4% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 46,194 shares of the aerospace company’s stock valued at $6,603,000 after acquiring an additional 3,583 shares during the last quarter. GAMMA Investing LLC increased its position in AAR by 44.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,151 shares of the aerospace company’s stock worth $165,000 after purchasing an additional 354 shares in the last quarter. Central Pacific Bank Trust Division increased its position in AAR by 7.3% during the 2nd quarter. Central Pacific Bank Trust Division now owns 9,137 shares of the aerospace company’s stock worth $1,306,000 after purchasing an additional 625 shares in the last quarter. Finally, Optiver Holding B.V. raised its stake in AAR by 218.6% in the 1st quarter. Optiver Holding B.V. now owns 274 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 188 shares during the last quarter. Hedge funds and other institutional investors own 90.74% of the company’s stock.

About AAR

AAR Corp. (NYSE: AIR) is a global provider of aviation products and services to commercial, government and defense customers. The company offers a comprehensive portfolio of maintenance, repair and overhaul (MRO) solutions, component repair and overhaul, and engineering services designed to support a wide variety of fixed-wing and rotary aircraft. Leveraging FAA and EASA certifications, AAR delivers turnkey maintenance programs and ad hoc repair services that enhance aircraft availability and reliability.

In its Aviation Supply Chain Services segment, AAR sources, stores and distributes parts for both commercial airlines and military operators.