AAR (NYSE:AIR) Rating Lowered to “Sell” at StockNews.com

StockNews.com cut shares of AAR (NYSE:AIR) from a hold rating to a sell rating in a report released on Wednesday morning.

Several other research analysts have also recently weighed in on AIR. Royal Bank of Canada reaffirmed an “outperform” rating and set a $75.00 target price on shares of AAR in a research note on Monday, November 4th. KeyCorp started coverage on shares of AAR in a research report on Thursday, January 16th. They set an “overweight” rating and a $83.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $81.50.

AAR Stock Down 1.1 %

AIR stock opened at $67.27 on Wednesday. The firm’s 50-day moving average is $66.07 and its two-hundred day moving average is $64.91. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of 240.26 and a beta of 1.61. AAR has a 52 week low of $54.71 and a 52 week high of $76.34. The company has a current ratio of 2.68, a quick ratio of 1.27 and a debt-to-equity ratio of 0.84.

AAR (NYSE:AIR) last announced its earnings results on Tuesday, January 7th. The aerospace company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.83 by $0.07. The firm had revenue of $686.10 million for the quarter, compared to analysts’ expectations of $654.47 million. AAR had a return on equity of 10.46% and a net margin of 0.41%. The firm’s quarterly revenue was up 25.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.81 earnings per share. On average, analysts forecast that AAR will post 3.77 earnings per share for the current fiscal year.

Insider Transactions at AAR

In related news, CAO Jessica A. Garascia sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $66.90, for a total value of $100,350.00. Following the completion of the sale, the chief accounting officer now owns 37,565 shares in the company, valued at approximately $2,513,098.50. This represents a 3.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sean M. Gillen sold 17,385 shares of AAR stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $66.33, for a total transaction of $1,153,147.05. Following the transaction, the chief financial officer now owns 72,326 shares in the company, valued at approximately $4,797,383.58. The trade was a 19.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 185,793 shares of company stock valued at $12,538,396 over the last three months. Company insiders own 4.10% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Callan Family Office LLC purchased a new position in AAR during the 4th quarter valued at about $201,000. Raymond James Financial Inc. acquired a new stake in shares of AAR during the fourth quarter worth approximately $6,849,000. Arizona State Retirement System grew its position in AAR by 2.1% during the fourth quarter. Arizona State Retirement System now owns 10,420 shares of the aerospace company’s stock valued at $639,000 after purchasing an additional 219 shares in the last quarter. Victory Capital Management Inc. increased its stake in AAR by 2.7% in the 4th quarter. Victory Capital Management Inc. now owns 14,847 shares of the aerospace company’s stock valued at $910,000 after buying an additional 390 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in AAR by 3.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 538,125 shares of the aerospace company’s stock worth $32,976,000 after buying an additional 19,863 shares in the last quarter. 90.74% of the stock is owned by institutional investors and hedge funds.

About AAR

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.