AAR (NYSE:AIR) Upgraded to “Strong-Buy” at KeyCorp

KeyCorp upgraded shares of AAR (NYSE:AIR) to a strong-buy rating in a report released on Wednesday morning,Zacks.com reports. KeyCorp also issued estimates for AAR’s FY2025 earnings at $3.83 EPS and FY2026 earnings at $4.63 EPS.

Several other research firms also recently issued reports on AIR. Benchmark reaffirmed a “buy” rating and set a $83.00 price objective on shares of AAR in a report on Friday, October 4th. StockNews.com lowered AAR from a “hold” rating to a “sell” rating in a research note on Thursday, January 9th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $75.00 price objective on shares of AAR in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $81.50.

AAR Stock Up 1.6 %

NYSE AIR opened at $70.61 on Wednesday. The stock’s 50 day simple moving average is $65.68 and its 200 day simple moving average is $65.23. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.68 and a quick ratio of 1.45. AAR has a one year low of $54.71 and a one year high of $76.34. The firm has a market cap of $2.54 billion, a PE ratio of 252.17 and a beta of 1.61.

AAR (NYSE:AIR) last issued its quarterly earnings results on Tuesday, January 7th. The aerospace company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.07. AAR had a net margin of 0.41% and a return on equity of 10.46%. The business had revenue of $686.10 million for the quarter, compared to the consensus estimate of $654.47 million. During the same quarter in the prior year, the company earned $0.81 EPS. The firm’s quarterly revenue was up 25.8% on a year-over-year basis. As a group, sell-side analysts forecast that AAR will post 3.75 earnings per share for the current fiscal year.

Insider Buying and Selling at AAR

In other AAR news, CAO Jessica A. Garascia sold 1,500 shares of the stock in a transaction 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 sale, the chief accounting officer now directly owns 37,565 shares in the company, valued at approximately $2,513,098.50. This trade represents a 3.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO John Mcclain Holmes III sold 128,427 shares of the business’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $66.76, for a total transaction of $8,573,786.52. Following the completion of the transaction, the chief executive officer now directly owns 346,680 shares of the company’s stock, valued at $23,144,356.80. This trade represents a 27.03 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 147,312 shares of company stock valued at $9,827,284. 4.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On AAR

Institutional investors have recently modified their holdings of the business. Amalgamated Bank lifted its stake in AAR by 1.7% in the third quarter. Amalgamated Bank now owns 10,319 shares of the aerospace company’s stock valued at $674,000 after buying an additional 177 shares in the last quarter. Captrust Financial Advisors raised its holdings in shares of AAR by 5.3% during the third quarter. Captrust Financial Advisors now owns 3,537 shares of the aerospace company’s stock worth $231,000 after acquiring an additional 177 shares during the period. HighTower Advisors LLC lifted its position in AAR by 6.1% in the 3rd quarter. HighTower Advisors LLC now owns 3,818 shares of the aerospace company’s stock valued at $249,000 after acquiring an additional 220 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in AAR by 43.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 778 shares of the aerospace company’s stock worth $57,000 after purchasing an additional 234 shares during the period. Finally, Truist Financial Corp increased its holdings in AAR by 3.4% during the 2nd quarter. Truist Financial Corp now owns 9,040 shares of the aerospace company’s stock worth $657,000 after purchasing an additional 296 shares in the last quarter. Institutional investors own 90.74% of the company’s stock.

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.