Stifel Nicolaus Lowers AAR (NYSE:AIR) Price Target to $85.00

AAR (NYSE:AIR) had its price objective decreased by Stifel Nicolaus from $86.00 to $85.00 in a research note issued to investors on Friday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the aerospace company’s stock.

A number of other analysts have also recently commented on AIR. Royal Bank of Canada reiterated an outperform rating and issued a $80.00 price target on shares of AAR in a research note on Friday, May 24th. Benchmark increased their price target on shares of AAR from $65.00 to $83.00 and gave the company a buy rating in a research note on Monday, April 15th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of $83.50.

AAR Stock Up 4.1 %

AAR stock opened at $67.04 on Friday. The company has a market cap of $2.38 billion, a P/E ratio of 39.44 and a beta of 1.54. AAR has a 1-year low of $55.00 and a 1-year high of $76.34. The company has a fifty day simple moving average of $70.65 and a 200 day simple moving average of $65.96. The company has a current ratio of 2.90, a quick ratio of 1.33 and a debt-to-equity ratio of 0.24.

AAR (NYSE:AIR) last released its earnings results on Thursday, July 18th. The aerospace company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.02. The business had revenue of $656.50 million during the quarter, compared to the consensus estimate of $660.05 million. AAR had a net margin of 2.00% and a return on equity of 10.25%. The firm’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.83 earnings per share. Research analysts anticipate that AAR will post 4.1 earnings per share for the current fiscal year.

Insider Buying and Selling at AAR

In other news, SVP Christopher A. Jessup sold 15,929 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $70.09, for a total transaction of $1,116,463.61. Following the completion of the sale, the senior vice president now owns 51,803 shares in the company, valued at approximately $3,630,872.27. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, SVP Christopher A. Jessup sold 15,929 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $70.09, for a total transaction of $1,116,463.61. Following the completion of the sale, the senior vice president now owns 51,803 shares in the company, valued at approximately $3,630,872.27. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Eric Pachapa sold 5,121 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $70.96, for a total transaction of $363,386.16. Following the sale, the chief accounting officer now owns 25,015 shares of the company’s stock, valued at approximately $1,775,064.40. The disclosure for this sale can be found here. Insiders sold a total of 36,023 shares of company stock worth $2,528,708 over the last quarter. 4.30% of the stock is currently owned by insiders.

Institutional Trading of AAR

Hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP bought a new position in AAR during the third quarter worth about $11,029,000. Ziegler Capital Management LLC increased its position in AAR by 3.3% during the fourth quarter. Ziegler Capital Management LLC now owns 14,566 shares of the aerospace company’s stock worth $909,000 after acquiring an additional 469 shares during the period. Raymond James & Associates bought a new position in AAR during the fourth quarter worth about $290,000. DekaBank Deutsche Girozentrale increased its position in AAR by 124.6% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 1,251 shares of the aerospace company’s stock worth $77,000 after acquiring an additional 694 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in AAR by 5.8% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,272 shares of the aerospace company’s stock worth $1,015,000 after acquiring an additional 896 shares during the period. Institutional investors and hedge funds own 90.74% of the company’s stock.

AAR Company Profile

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. It operates through Aviation Services and Expeditionary Services segments. The Aviation Services segment engages in lease and sale of new, overhauled and repaired engine, and airframe parts and components, as well as aircrafts; and offers customized flight hour component inventory and repair, warranty claim management, and outsourcing programs for engine and airframe parts and components.