AAR’s (AIR) Buy Rating Reiterated at Noble Financial

Noble Financial reaffirmed their buy rating on shares of AAR (NYSE:AIR) in a research note issued to investors on Thursday morning.

Several other equities research analysts have also commented on the stock. Seaport Global Securities upgraded shares of AAR from a neutral rating to a buy rating and boosted their price objective for the stock from $39.00 to $50.00 in a research report on Tuesday, January 16th. SunTrust Banks boosted their price objective on shares of AAR to $50.00 and gave the stock a buy rating in a research report on Monday, December 4th. Credit Suisse Group upgraded shares of AAR from a neutral rating to an outperform rating in a research report on Friday, January 12th. Canaccord Genuity upgraded shares of AAR from a hold rating to a buy rating and boosted their price objective for the stock from $42.00 to $46.00 in a research report on Thursday, February 8th. Finally, Zacks Investment Research lowered shares of AAR from a buy rating to a hold rating in a research report on Wednesday, February 21st. One analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $47.50.

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Shares of AAR stock opened at $41.92 on Thursday. The company has a market cap of $1,455.84, a price-to-earnings ratio of 59.04 and a beta of 1.26. AAR has a 1 year low of $32.57 and a 1 year high of $45.60. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.23 and a current ratio of 2.86.

AAR (NYSE:AIR) last released its quarterly earnings data on Tuesday, March 20th. The aerospace company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.48 by $0.01. AAR had a net margin of 1.34% and a return on equity of 6.02%. The business had revenue of $456.30 million for the quarter, compared to analyst estimates of $475.89 million. During the same period in the previous year, the firm earned $0.39 EPS. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. sell-side analysts predict that AAR will post 1.81 earnings per share for the current fiscal year.

In other AAR news, Director Ronald R. Fogleman sold 3,000 shares of the company’s stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $33.47, for a total value of $100,410.00. Following the transaction, the director now directly owns 23,406 shares in the company, valued at approximately $783,398.82. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO David P. Storch sold 126,679 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $41.53, for a total transaction of $5,260,978.87. Following the completion of the transaction, the chief executive officer now owns 759,639 shares in the company, valued at $31,547,807.67. The disclosure for this sale can be found here. 9.33% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in the business. Teachers Advisors LLC lifted its holdings in AAR by 2.3% in the 4th quarter. Teachers Advisors LLC now owns 58,068 shares of the aerospace company’s stock valued at $2,281,000 after purchasing an additional 1,303 shares in the last quarter. Rhumbline Advisers lifted its holdings in AAR by 1.8% in the 3rd quarter. Rhumbline Advisers now owns 78,640 shares of the aerospace company’s stock valued at $2,971,000 after purchasing an additional 1,405 shares in the last quarter. American International Group Inc. increased its stake in shares of AAR by 5.9% during the 3rd quarter. American International Group Inc. now owns 25,486 shares of the aerospace company’s stock valued at $963,000 after acquiring an additional 1,420 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of AAR by 16.2% during the 3rd quarter. SG Americas Securities LLC now owns 15,083 shares of the aerospace company’s stock valued at $570,000 after acquiring an additional 2,102 shares during the last quarter. Finally, Swiss National Bank increased its stake in shares of AAR by 4.1% during the 4th quarter. Swiss National Bank now owns 55,700 shares of the aerospace company’s stock valued at $2,188,000 after acquiring an additional 2,200 shares during the last quarter. Institutional investors own 89.38% of the company’s stock.

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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.

Analyst Recommendations for AAR (NYSE:AIR)

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