AAR (AIR) Sets New 52-Week High at $42.90

AAR Corp. (NYSE:AIR) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $42.90 and last traded at $42.66, with a volume of 462100 shares trading hands. The stock had previously closed at $41.25.

Several research firms have recently weighed in on AIR. Canaccord Genuity began coverage on AAR in a research note on Wednesday, September 6th. They issued a “hold” rating and a $40.00 price target for the company. Zacks Investment Research upgraded AAR from a “sell” rating to a “hold” rating in a research note on Friday, September 22nd. SunTrust Banks boosted their price target on AAR to $50.00 and gave the stock a “buy” rating in a research note on Monday, December 4th. Finally, Seaport Global Securities began coverage on AAR in a research note on Tuesday, September 12th. They issued a “neutral” rating and a $39.00 price target for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. AAR presently has a consensus rating of “Hold” and an average target price of $42.25.

The company has a debt-to-equity ratio of 0.20, a current ratio of 2.90 and a quick ratio of 1.38. The stock has a market cap of $1,477.15, a P/E ratio of 28.83 and a beta of 1.34.

AAR (NYSE:AIR) last posted its quarterly earnings results on Tuesday, September 19th. The aerospace company reported $0.31 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.31. AAR had a return on equity of 5.66% and a net margin of 3.20%. The firm had revenue of $439.20 million during the quarter, compared to analysts’ expectations of $410.52 million. During the same quarter in the previous year, the business earned $0.29 earnings per share. The company’s revenue was up 8.5% on a year-over-year basis. sell-side analysts anticipate that AAR Corp. will post 1.81 earnings per share for the current year.

In other news, Director Ronald R. Fogleman sold 3,000 shares of the business’s stock in a transaction on Friday, December 29th. The stock was sold at an average price of $33.47, for a total value of $100,410.00. Following the completion of the transaction, the director now owns 23,406 shares in the company, valued at $783,398.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.33% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of AIR. OxFORD Asset Management LLP grew its holdings in shares of AAR by 2,831.6% in the third quarter. OxFORD Asset Management LLP now owns 194,044 shares of the aerospace company’s stock worth $7,362,000 after acquiring an additional 187,425 shares during the period. Heartland Advisors Inc. grew its holdings in shares of AAR by 99.4% in the second quarter. Heartland Advisors Inc. now owns 273,369 shares of the aerospace company’s stock worth $9,502,000 after acquiring an additional 136,261 shares during the period. American Century Companies Inc. bought a new stake in shares of AAR in the second quarter worth $4,659,000. Monarch Partners Asset Management LLC bought a new stake in shares of AAR in the third quarter worth $2,819,000. Finally, BlackRock Inc. grew its holdings in shares of AAR by 1.6% in the second quarter. BlackRock Inc. now owns 4,731,967 shares of the aerospace company’s stock worth $164,483,000 after acquiring an additional 74,499 shares during the period. 88.02% of the stock is owned by institutional investors.

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AAR Company Profile

AAR CORP. (AAR) is a provider of services and products to the commercial aviation and government and defense markets. The Company operates in two segments: Aviation Services, which consists of supply chain and maintenance, repair and overhaul (MRO) activities, and Expeditionary Services, which includes airlift and mobility activities.

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