ValuEngine upgraded shares of AAR (NYSE:AIR) from a hold rating to a buy rating in a research note issued to investors on Thursday.
Several other research firms have also commented on AIR. Zacks Investment Research lowered shares of AAR from a buy rating to a hold rating in a research report on Wednesday, February 21st. Seaport Global Securities raised shares of AAR from a neutral rating to a buy rating and upped their price target for the company from $39.00 to $50.00 in a research report on Tuesday, January 16th. SunTrust Banks upped their price target on shares of AAR to $50.00 and gave the company a buy rating in a research report on Monday, December 4th. Noble Financial reaffirmed a buy rating on shares of AAR in a research report on Friday, December 22nd. Finally, TheStreet lowered shares of AAR from a b rating to a c+ rating in a research report on Thursday, December 21st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $46.80.
AAR (AIR) opened at $44.90 on Thursday. AAR has a 52-week low of $31.97 and a 52-week high of $44.98. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.65 and a quick ratio of 1.23. The firm has a market capitalization of $1,559.33, a PE ratio of 67.02 and a beta of 1.26.
In related news, CEO David P. Storch sold 126,679 shares of the stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $41.53, for a total value of $5,260,978.87. Following the completion of the sale, the chief executive officer now directly owns 759,639 shares of the company’s stock, valued at approximately $31,547,807.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ronald R. Fogleman sold 3,000 shares of the stock in a transaction that occurred on Friday, December 29th. The stock was sold at an average price of $33.47, for a total transaction of $100,410.00. Following the completion of the sale, the director now directly owns 23,406 shares of the company’s stock, valued at $783,398.82. The disclosure for this sale can be found here. 9.33% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its holdings in AAR by 4.2% in the 4th quarter. BlackRock Inc. now owns 5,329,972 shares of the aerospace company’s stock worth $209,416,000 after acquiring an additional 217,049 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in AAR in the 4th quarter worth approximately $30,164,000. Rothschild Asset Management Inc. increased its holdings in AAR by 6.1% in the 3rd quarter. Rothschild Asset Management Inc. now owns 702,718 shares of the aerospace company’s stock worth $26,549,000 after acquiring an additional 40,308 shares in the last quarter. Beach Point Capital Management LP increased its holdings in AAR by 102.5% in the 4th quarter. Beach Point Capital Management LP now owns 459,046 shares of the aerospace company’s stock worth $18,036,000 after acquiring an additional 232,382 shares in the last quarter. Finally, Foundry Partners LLC increased its holdings in AAR by 3.3% in the 4th quarter. Foundry Partners LLC now owns 382,673 shares of the aerospace company’s stock worth $15,035,000 after acquiring an additional 12,186 shares in the last quarter. 89.05% of the stock is owned by institutional investors.
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AAR Company Profile
AAR CORP. (AAR) is a provider of services and products to the commercial aviation and government and defense markets. The Company operates in two segments: Aviation Services, which consists of supply chain and maintenance, repair and overhaul (MRO) activities, and Expeditionary Services, which includes airlift and mobility activities.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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