Shares of AAR Corp. (NYSE:AIR – Get Free Report) gapped down before the market opened on Friday after Stifel Nicolaus lowered their price target on the stock from $86.00 to $85.00. The stock had previously closed at $73.29, but opened at $67.18. Stifel Nicolaus currently has a buy rating on the stock. AAR shares last traded at $66.73, with a volume of 27,976 shares trading hands.
Other analysts have also recently issued reports about the company. Benchmark upped their price objective on AAR from $65.00 to $83.00 and gave the stock a “buy” rating in a report on Monday, April 15th. Royal Bank of Canada reiterated an “outperform” rating and set a $80.00 price objective on shares of AAR in a research report on Friday, May 24th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.50.
Insider Transactions at AAR
In related news, CAO Eric Pachapa sold 5,121 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $70.96, for a total value of $363,386.16. Following the sale, the chief accounting officer now directly owns 25,015 shares of the company’s stock, valued at approximately $1,775,064.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other AAR news, CAO Eric Pachapa sold 5,121 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $70.96, for a total value of $363,386.16. Following the transaction, the chief accounting officer now owns 25,015 shares of the company’s stock, valued at approximately $1,775,064.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Christopher A. Jessup sold 15,929 shares of AAR stock in a transaction on Monday, May 6th. The stock was sold at an average price of $70.09, for a total value of $1,116,463.61. Following the sale, the senior vice president now owns 51,803 shares of the company’s stock, valued at $3,630,872.27. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,023 shares of company stock worth $2,528,708. 4.30% of the stock is currently owned by insiders.
Institutional Investors Weigh In On AAR
Several large investors have recently added to or reduced their stakes in AIR. AlphaMark Advisors LLC purchased a new stake in shares of AAR in the 2nd quarter worth $323,000. SG Americas Securities LLC grew its holdings in AAR by 101.0% during the 2nd quarter. SG Americas Securities LLC now owns 12,453 shares of the aerospace company’s stock worth $905,000 after acquiring an additional 6,256 shares in the last quarter. EverSource Wealth Advisors LLC increased its position 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 purchasing an additional 402 shares during the period. Boston Partners bought a new stake in shares of AAR in the 1st quarter valued at about $25,794,000. Finally, Janus Henderson Group PLC lifted its position in shares of AAR by 13.8% in the 1st 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. 90.74% of the stock is owned by hedge funds and other institutional investors.
AAR Trading Down 12.1 %
The stock’s 50 day moving average price is $70.74 and its 200-day moving average price is $65.85. The company has a quick ratio of 1.33, a current ratio of 2.90 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $2.28 billion, a P/E ratio of 37.89 and a beta of 1.54.
AAR (NYSE:AIR – Get Free Report) last issued its earnings results on Thursday, July 18th. The aerospace company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.02. AAR had a return on equity of 10.17% and a net margin of 2.73%. The firm had revenue of $656.50 million for the quarter, compared to the consensus estimate of $660.05 million. During the same quarter in the prior year, the business earned $0.83 earnings per share. The company’s revenue was up 18.7% compared to the same quarter last year. As a group, equities research analysts expect that AAR Corp. will post 3.3 earnings per share for the current year.
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.