AAR (NYSE:AIR) Lifted to “Hold” at StockNews.com

StockNews.com upgraded shares of AAR (NYSE:AIR) from a sell rating to a hold rating in a research note published on Monday.

Other analysts have also issued research reports about the company. Stifel Nicolaus dropped their price objective on AAR from $86.00 to $85.00 and set a “buy” rating for the company in a research note on Friday, July 19th. Royal Bank of Canada reissued an “outperform” rating and issued a $85.00 price target on shares of AAR in a report on Tuesday, September 24th. Finally, Benchmark reaffirmed a “buy” rating and set a $83.00 price objective on shares of AAR in a research note on Friday, October 4th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, AAR presently has an average rating of “Moderate Buy” and a consensus target price of $83.50.

AAR Stock Performance

AAR stock opened at $61.24 on Monday. The firm has a fifty day simple moving average of $64.49 and a two-hundred day simple moving average of $66.78. The company has a quick ratio of 1.45, a current ratio of 3.06 and a debt-to-equity ratio of 0.81. AAR has a twelve month low of $54.71 and a twelve month high of $76.34. The company has a market capitalization of $2.17 billion, a PE ratio of 36.02 and a beta of 1.55.

AAR (NYSE:AIR) last released its earnings results on Monday, September 23rd. The aerospace company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.03. AAR had a return on equity of 10.22% and a net margin of 2.67%. The company had revenue of $661.70 million during the quarter, compared to analyst estimates of $645.60 million. During the same quarter in the previous year, the company posted $0.78 EPS. AAR’s revenue for the quarter was up 20.4% on a year-over-year basis. Research analysts expect that AAR will post 3.63 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. First Eagle Investment Management LLC raised its stake in AAR by 4.3% in the first quarter. First Eagle Investment Management LLC now owns 197,805 shares of the aerospace company’s stock worth $11,843,000 after buying an additional 8,170 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in shares of AAR in the 1st quarter valued at approximately $544,000. Blair William & Co. IL boosted its position in shares of AAR by 902.9% during the first quarter. Blair William & Co. IL now owns 57,679 shares of the aerospace company’s stock valued at $3,453,000 after purchasing an additional 51,928 shares in the last quarter. Janus Henderson Group PLC grew its stake in AAR by 13.8% in the first quarter. Janus Henderson Group PLC now owns 530,682 shares of the aerospace company’s stock worth $31,772,000 after purchasing an additional 64,274 shares during the period. Finally, Kennedy Capital Management LLC raised its holdings in AAR by 205.0% in the first quarter. Kennedy Capital Management LLC now owns 79,393 shares of the aerospace company’s stock worth $4,753,000 after purchasing an additional 53,363 shares in the last quarter. 90.74% of the stock is currently owned by institutional investors.

AAR Company Profile

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. The Parts Supply segment leases and sells aircraft components and replacement parts. The Repair & Engineering segment provides airframe maintenance services, such as airframe inspection, painting, line maintenance, airframe modification, structural repair, avionics service and installation, exterior and interior refurbishment, and engineering and support services; component repair services comprising maintenance, repair, and overhaul (MRO) services, engine and airframe accessories, and interior refurbishment; and landing gear overhaul services, including repair services on wheels and brakes.