AAR Corp. (NYSE:AIR – Get Free Report) has received an average recommendation of “Moderate Buy” from the eight brokerages that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $135.60.
A number of research analysts recently issued reports on AIR shares. Guggenheim started coverage on AAR in a report on Monday, September 14th. They set a “neutral” rating on the stock. Wall Street Zen cut AAR from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Truist Financial lifted their price objective on AAR from $128.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. KeyCorp reissued a “sector weight” rating on shares of AAR in a research note on Wednesday, July 22nd. Finally, Zacks Research upgraded AAR from a “hold” rating to a “strong-buy” rating in a report on Friday, July 10th.
AAR Stock Up 3.4%
AAR (NYSE:AIR – Get Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The aerospace company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.15. AAR had a net margin of 5.67% and a return on equity of 12.67%. The business had revenue of $928.00 million during the quarter, compared to analysts’ expectations of $893.03 million. During the same quarter in the prior year, the company posted $1.16 EPS. The firm’s revenue for the quarter was up 23.0% compared to the same quarter last year. On average, equities research analysts expect that AAR will post 5.92 earnings per share for the current year.
Hedge Funds Weigh In On AAR
A number of institutional investors have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC purchased a new position in shares of AAR during the 2nd quarter worth approximately $84,000. Baird Financial Group Inc. purchased a new position in shares of AAR in the 2nd quarter valued at approximately $263,000. Nykredit A S bought a new stake in shares of AAR during the second quarter valued at approximately $63,000. Corient Private Wealth LP grew its stake in AAR by 1,523.4% in the second quarter. Corient Private Wealth LP now owns 38,167 shares of the aerospace company’s stock worth $5,455,000 after purchasing an additional 35,816 shares during the period. Finally, HighTower Advisors LLC grew its stake in AAR by 10.4% in the second quarter. HighTower Advisors LLC now owns 3,224 shares of the aerospace company’s stock worth $461,000 after purchasing an additional 304 shares during the period. 90.74% of the stock is owned by institutional investors.
About AAR
AAR Corp. is a global provider of aviation services supporting commercial aviation, government and defense customers. The company supplies aircraft parts and equipment, manages inventory and logistics, and provides maintenance, repair and overhaul services for aircraft and components.
AAR’s offerings include parts distribution, supply-chain management, aircraft maintenance, airframe and component repair, and mobility solutions for government and defense operators. Its services are designed to help airlines, aircraft operators and government agencies maintain fleet readiness and manage aviation assets.
Founded in 1955, AAR is headquartered in Wood Dale, Illinois, and serves customers across North America, Europe, Asia and other international markets.
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