AAR (NYSE:AIR) Lowered to Sell Rating by StockNews.com

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

A number of other analysts also recently issued reports on AIR. Royal Bank of Canada restated an “outperform” rating and set a $75.00 price target on shares of AAR in a report on Monday, November 4th. Benchmark reaffirmed a “buy” rating and set a $83.00 target price on shares of AAR in a research note on Friday, October 4th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $81.00.

AAR Price Performance

Shares of AAR stock traded up $5.29 during trading hours on Thursday, reaching $67.04. 817,346 shares of the company’s stock were exchanged, compared to its average volume of 426,388. The company has a market capitalization of $2.41 billion, a P/E ratio of 36.84 and a beta of 1.61. 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 1 year low of $54.71 and a 1 year high of $76.34. The business has a fifty day moving average of $64.69 and a two-hundred day moving average of $65.30.

AAR (NYSE:AIR) last posted its quarterly earnings results on Tuesday, January 7th. The aerospace company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.83 by $0.07. AAR had a return on equity of 10.22% and a net margin of 2.67%. The firm had revenue of $686.10 million during the quarter, compared to analysts’ expectations of $654.47 million. During the same quarter last year, the firm earned $0.81 earnings per share. The business’s revenue for the quarter was up 25.8% on a year-over-year basis. As a group, research analysts predict that AAR will post 3.63 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Westwood Holdings Group Inc. acquired a new position in shares of AAR during the second quarter worth about $77,754,000. American Century Companies Inc. lifted its position in shares of AAR by 1,956.5% during the 2nd quarter. American Century Companies Inc. now owns 909,953 shares of the aerospace company’s stock worth $66,154,000 after purchasing an additional 865,705 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in AAR by 32.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 732,957 shares of the aerospace company’s stock worth $47,906,000 after buying an additional 181,518 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in shares of AAR by 83.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 297,482 shares of the aerospace company’s stock worth $21,627,000 after acquiring an additional 135,445 shares in the last quarter. Finally, Loomis Sayles & Co. L P increased its holdings in shares of AAR by 20.5% in the 3rd quarter. Loomis Sayles & Co. L P now owns 790,267 shares of the aerospace company’s stock valued at $51,652,000 after acquiring an additional 134,215 shares during the last quarter. 90.74% of the stock is currently owned by hedge funds and other institutional investors.

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.