A number of other brokerages have also recently issued reports on AIR. Zacks Investment Research cut AAR from a buy rating to a hold rating in a research report on Wednesday, February 21st. ValuEngine raised AAR from a hold rating to a buy rating in a research report on Thursday, March 8th. Seaport Global Securities raised AAR from a neutral rating to a buy rating and upped their target price for the company from $39.00 to $50.00 in a research report on Tuesday, January 16th. SunTrust Banks increased their price objective on AAR to $50.00 and gave the stock a buy rating in a research report on Monday, December 4th. Finally, Noble Financial reaffirmed a buy rating on shares of AAR in a research report on Friday, December 22nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. AAR has a consensus rating of Buy and a consensus target price of $47.50.
Shares of AAR (NYSE:AIR) opened at $42.90 on Tuesday. The stock has a market capitalization of $1,491.63, a PE ratio of 60.42 and a beta of 1.26. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.65 and a quick ratio of 1.23. AAR has a 1 year low of $32.57 and a 1 year high of $45.60.
In other AAR news, 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 approximately $783,398.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David P. Storch sold 126,679 shares of the stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $41.53, for a total value of $5,260,978.87. Following the sale, the chief executive officer now directly owns 759,639 shares of the company’s stock, valued at $31,547,807.67. The disclosure for this sale can be found here. 9.33% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. lifted its position in AAR by 4.2% during 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 during the period. Vaughan Nelson Investment Management L.P. acquired a new stake in AAR during the 4th quarter worth approximately $30,164,000. Beach Point Capital Management LP raised its stake in shares of AAR by 102.5% during the 4th quarter. Beach Point Capital Management LP now owns 459,046 shares of the aerospace company’s stock worth $18,036,000 after buying an additional 232,382 shares in the last quarter. Foundry Partners LLC raised its stake in shares of AAR by 3.3% during the 4th quarter. Foundry Partners LLC now owns 382,673 shares of the aerospace company’s stock worth $15,035,000 after buying an additional 12,186 shares in the last quarter. Finally, Heartland Advisors Inc. raised its stake in shares of AAR by 6.0% during the 4th quarter. Heartland Advisors Inc. now owns 350,532 shares of the aerospace company’s stock worth $13,772,000 after buying an additional 19,822 shares in the last quarter. 89.38% 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.
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