AAR (NYSE:AIR) Reaches New 12-Month Low – What’s Next?

AAR Corp. (NYSE:AIR)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $46.51 and last traded at $47.04, with a volume of 23012 shares trading hands. The stock had previously closed at $50.08.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on AIR shares. KeyCorp decreased their target price on shares of AAR from $83.00 to $80.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 2nd. StockNews.com downgraded shares of AAR from a “hold” rating to a “sell” rating in a research report on Saturday, March 29th. Finally, Truist Financial dropped their target price on shares of AAR from $81.00 to $78.00 and set a “buy” rating for the company in a report on Friday, March 28th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $80.20.

AAR Price Performance

The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.27 and a current ratio of 2.68. The firm’s fifty day simple moving average is $65.05 and its 200 day simple moving average is $64.99. The firm has a market cap of $1.74 billion, a P/E ratio of 173.24 and a beta of 1.32.

AAR (NYSE:AIR) last released its quarterly earnings results on Thursday, March 27th. The aerospace company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.03. AAR had a net margin of 0.41% and a return on equity of 10.46%. The company had revenue of $678.20 million for the quarter, compared to the consensus estimate of $699.13 million. During the same quarter in the prior year, the firm earned $0.85 earnings per share. AAR’s revenue was up 19.5% on a year-over-year basis. As a group, analysts forecast that AAR Corp. will post 3.77 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Sean M. Gillen sold 17,385 shares of AAR stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $66.33, for a total transaction of $1,153,147.05. Following the completion of the transaction, the chief financial officer now directly owns 72,326 shares of the company’s stock, valued at approximately $4,797,383.58. The trade was a 19.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John Mcclain Holmes III sold 5,000 shares of the firm’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $70.81, for a total transaction of $354,050.00. Following the completion of the sale, the chief executive officer now directly owns 341,680 shares of the company’s stock, valued at approximately $24,194,360.80. The trade was a 1.44 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 185,793 shares of company stock worth $12,538,396. Corporate insiders own 4.10% of the company’s stock.

Institutional Investors Weigh In On AAR

A number of institutional investors and hedge funds have recently modified their holdings of the business. National Bank of Canada FI purchased a new stake in AAR in the third quarter worth $25,000. Putney Financial Group LLC purchased a new position in AAR in the 4th quarter worth about $30,000. Virtus Fund Advisers LLC bought a new stake in AAR during the 4th quarter valued at about $36,000. Sterling Capital Management LLC boosted its position in AAR by 761.2% in the 4th quarter. Sterling Capital Management LLC now owns 887 shares of the aerospace company’s stock valued at $54,000 after buying an additional 784 shares during the period. Finally, Smartleaf Asset Management LLC grew its stake in AAR by 124.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,012 shares of the aerospace company’s stock worth $62,000 after acquiring an additional 561 shares in the last quarter. 90.74% of the stock is 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.