StockNews.com Lowers AAR (NYSE:AIR) to Sell

AAR (NYSE:AIR) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

Several other analysts also recently issued reports on AIR. Royal Bank of Canada lifted their price target on AAR from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, July 19th. Stifel Nicolaus dropped their price target on AAR from $86.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday, July 19th. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, AAR currently has an average rating of “Moderate Buy” and an average price target of $83.50.

AAR Trading Up 0.9 %

AAR stock traded up $0.56 during mid-day trading on Wednesday, hitting $64.53. 248,977 shares of the company’s stock were exchanged, compared to its average volume of 301,029. The company’s 50 day simple moving average is $65.92 and its 200-day simple moving average is $66.50. AAR has a fifty-two week low of $54.71 and a fifty-two week high of $76.34. The firm has a market capitalization of $2.31 billion, a P/E ratio of 37.96 and a beta of 1.55. The company has a quick ratio of 1.41, a current ratio of 2.98 and a debt-to-equity ratio of 0.83.

AAR (NYSE:AIR) last released its quarterly earnings results on Thursday, July 18th. The aerospace company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.02. AAR had a return on equity of 10.16% and a net margin of 2.00%. The firm had revenue of $656.50 million for the quarter, compared to the consensus estimate of $660.05 million. During the same quarter last year, the business posted $0.83 EPS. The company’s revenue for the quarter was up 18.7% on a year-over-year basis. On average, equities analysts anticipate that AAR will post 3.84 earnings per share for the current year.

Hedge Funds Weigh In On AAR

Several hedge funds have recently modified their holdings of AIR. Truist Financial Corp grew its holdings in AAR by 3.4% during the second quarter. Truist Financial Corp now owns 9,040 shares of the aerospace company’s stock worth $657,000 after purchasing an additional 296 shares during the period. Susquehanna Fundamental Investments LLC grew its holdings in AAR by 31.3% during the second quarter. Susquehanna Fundamental Investments LLC now owns 11,931 shares of the aerospace company’s stock worth $867,000 after purchasing an additional 2,841 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of AAR by 5.2% during the second quarter. The Manufacturers Life Insurance Company now owns 19,454 shares of the aerospace company’s stock worth $1,414,000 after acquiring an additional 958 shares during the period. Millennium Management LLC boosted its holdings in shares of AAR by 37.4% during the second quarter. Millennium Management LLC now owns 310,144 shares of the aerospace company’s stock worth $22,547,000 after acquiring an additional 84,459 shares during the period. Finally, Earnest Partners LLC boosted its holdings in shares of AAR by 3.2% during the second quarter. Earnest Partners LLC now owns 1,588,893 shares of the aerospace company’s stock worth $115,513,000 after acquiring an additional 48,630 shares during the period. Institutional investors own 90.74% of the company’s stock.

AAR Company Profile

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.