AAR Corp. (NYSE:AIR) Given Consensus Recommendation of “Buy” by Analysts

AAR Corp. (NYSE:AIR) has been given an average rating of “Buy” by the five analysts that are currently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a buy rating. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $82.50.

A number of analysts have recently commented on AIR shares. Royal Bank of Canada restated an “outperform” rating and set a $80.00 price objective on shares of AAR in a report on Friday, May 24th. Stifel Nicolaus raised their price objective on AAR from $81.00 to $86.00 and gave the stock a “buy” rating in a report on Tuesday, May 14th. Finally, Benchmark lifted their price objective on AAR from $65.00 to $83.00 and gave the company a “buy” rating in a research note on Monday, April 15th.

AAR Stock Performance

Shares of AIR stock opened at $70.47 on Thursday. The firm has a market capitalization of $2.50 billion, a price-to-earnings ratio of 41.45 and a beta of 1.54. The company has a 50 day moving average price of $70.01 and a 200 day moving average price of $65.26. AAR has a one year low of $55.00 and a one year high of $73.95. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.33 and a current ratio of 2.90.

Insider Buying and Selling at AAR

In related news, SVP Christopher A. Jessup sold 14,973 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $70.05, for a total transaction of $1,048,858.65. Following the transaction, the senior vice president now directly owns 51,803 shares of the company’s stock, valued at approximately $3,628,800.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other AAR news, CEO John Mcclain Holmes III sold 29,250 shares of the company’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $60.21, for a total value of $1,761,142.50. Following the completion of the transaction, the chief executive officer now directly owns 303,621 shares of the company’s stock, valued at approximately $18,281,020.41. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Christopher A. Jessup sold 14,973 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $70.05, for a total value of $1,048,858.65. Following the sale, the senior vice president now owns 51,803 shares of the company’s stock, valued at $3,628,800.15. The disclosure for this sale can be found here. Insiders have sold 72,625 shares of company stock valued at $4,755,747 over the last three months. 4.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of AIR. Comerica Bank raised its position in shares of AAR by 0.9% in the 4th quarter. Comerica Bank now owns 17,601 shares of the aerospace company’s stock valued at $1,098,000 after purchasing an additional 152 shares in the last quarter. Sheets Smith Wealth Management raised its holdings in AAR by 4.7% in the fourth quarter. Sheets Smith Wealth Management now owns 7,176 shares of the aerospace company’s stock valued at $448,000 after acquiring an additional 325 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in AAR by 283.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 544 shares of the aerospace company’s stock valued at $33,000 after acquiring an additional 402 shares during the last quarter. GAMMA Investing LLC acquired a new position in AAR during the 4th quarter worth $27,000. Finally, ProShare Advisors LLC increased its position in shares of AAR by 7.3% in the 1st quarter. ProShare Advisors LLC now owns 6,808 shares of the aerospace company’s stock worth $408,000 after purchasing an additional 461 shares during the last quarter. Hedge funds and other institutional investors own 90.74% of the company’s stock.

About AAR

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. It operates through Aviation Services and Expeditionary Services segments. The Aviation Services segment engages in lease and sale of new, overhauled and repaired engine, and airframe parts and components, as well as aircrafts; and offers customized flight hour component inventory and repair, warranty claim management, and outsourcing programs for engine and airframe parts and components.