AAR (NYSE:AIR – Get Rating) had its target price cut by stock analysts at Truist Financial from $54.00 to $48.00 in a note issued to investors on Friday, The Fly reports. Truist Financial’s price objective points to a potential upside of 26.25% from the company’s current price.
A number of other brokerages have also issued reports on AIR. StockNews.com upgraded shares of AAR from a “hold” rating to a “buy” rating in a research report on Thursday, August 18th. TheStreet lowered shares of AAR from a “b-” rating to a “c+” rating in a research report on Friday, July 22nd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, AAR currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.00.
AAR Price Performance
NYSE:AIR opened at $38.02 on Friday. AAR has a 12 month low of $31.73 and a 12 month high of $52.83. The company’s 50-day moving average price is $43.65 and its two-hundred day moving average price is $45.28. The firm has a market cap of $1.35 billion, a PE ratio of 17.36 and a beta of 1.51. The company has a quick ratio of 1.31, a current ratio of 2.89 and a debt-to-equity ratio of 0.10.
Insider Buying and Selling
In related news, Director David P. Storch sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $46.81, for a total transaction of $1,170,250.00. Following the completion of the sale, the director now directly owns 315,090 shares of the company’s stock, valued at $14,749,362.90. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 7.74% of the stock is currently owned by insiders.
Institutional Investors Weigh In On AAR
Several large investors have recently bought and sold shares of AIR. Teacher Retirement System of Texas bought a new stake in AAR in the fourth quarter valued at approximately $252,000. Invesco Ltd. boosted its holdings in AAR by 17.5% during the fourth quarter. Invesco Ltd. now owns 396,818 shares of the aerospace company’s stock worth $15,488,000 after purchasing an additional 59,037 shares during the last quarter. Barclays PLC lifted its stake in AAR by 74.9% in the fourth quarter. Barclays PLC now owns 64,598 shares of the aerospace company’s stock valued at $2,521,000 after acquiring an additional 27,667 shares during the last quarter. Cooper Creek Partners Management LLC bought a new position in shares of AAR in the fourth quarter valued at about $190,000. Finally, Adage Capital Partners GP L.L.C. raised its position in shares of AAR by 5.5% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 343,750 shares of the aerospace company’s stock valued at $13,417,000 after purchasing an additional 17,780 shares during the period. Institutional investors own 98.13% of the company’s stock.
AAR Company Profile
AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. The Aviation Services segment offers aftermarket support and services; inventory management and distribution services; and maintenance, repair, and overhaul, as well as engineering services. This segment also sells and leases new, overhauled, and repaired engine and airframe parts, and components; and provides inventory and repair programs, warranty claim management, and outsourcing programs for engine and airframe parts and components, as well as performance-based supply chain logistics programs in support of the U.S.
- Get a free copy of the StockNews.com research report on AAR (AIR)
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