AAR Corp. (NYSE:AIR) CEO Sells $354,050.00 in Stock

AAR Corp. (NYSE:AIR) CEO John Mcclain Holmes III sold 5,000 shares of the business’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $70.81, for a total value of $354,050.00. Following the completion of the sale, the chief executive officer now owns 341,680 shares in the company, valued at approximately $24,194,360.80. The trade was a 1.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

John Mcclain Holmes III also recently made the following trade(s):

• On Friday, January 10th, John Mcclain Holmes III sold 128,427 shares of AAR stock. The stock was sold at an average price of $66.76, for a total value of $8,573,786.52.

AAR Stock Down 0.7 %

Shares of NYSE:AIR opened at $70.60 on Friday. The firm has a fifty day moving average price of $65.97 and a two-hundred day moving average price of $65.17. The company has a market cap of $2.54 billion, a price-to-earnings ratio of 252.16 and a beta of 1.61. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.68 and a quick ratio of 1.27. AAR Corp. has a one year low of $54.71 and a one year high of $76.34.

AAR (NYSE:AIR) last posted its quarterly earnings data on Tuesday, January 7th. The aerospace company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.07. The company had revenue of $686.10 million during the quarter, compared to analyst estimates of $654.47 million. AAR had a return on equity of 10.46% and a net margin of 0.41%. The firm’s quarterly revenue was up 25.8% on a year-over-year basis. During the same quarter last year, the company earned $0.81 earnings per share. Analysts anticipate that AAR Corp. will post 3.77 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Earnest Partners LLC raised its stake in AAR by 3.2% in the second quarter. Earnest Partners LLC now owns 1,588,893 shares of the aerospace company’s stock valued at $115,513,000 after purchasing an additional 48,630 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of AAR by 13.4% during the 3rd quarter. Franklin Resources Inc. now owns 969,741 shares of the aerospace company’s stock worth $59,591,000 after acquiring an additional 114,460 shares during the last quarter. Geode Capital Management LLC grew its position in AAR by 3.6% in the third quarter. Geode Capital Management LLC now owns 796,962 shares of the aerospace company’s stock worth $52,101,000 after acquiring an additional 27,747 shares in the last quarter. Loomis Sayles & Co. L P increased its stake in AAR by 20.5% in the third quarter. Loomis Sayles & Co. L P now owns 790,267 shares of the aerospace company’s stock valued at $51,652,000 after acquiring an additional 134,215 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in AAR by 32.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 732,957 shares of the aerospace company’s stock valued at $47,906,000 after purchasing an additional 181,518 shares in the last quarter. Hedge funds and other institutional investors own 90.74% of the company’s stock.

Wall Street Analyst Weigh In

AIR has been the subject of a number of research reports. KeyCorp began coverage on shares of AAR in a research report on Thursday, January 16th. They set an “overweight” rating and a $83.00 target price for the company. StockNews.com upgraded shares of AAR from a “sell” rating to a “hold” rating in a research note on Friday, January 17th. Benchmark restated a “buy” rating and set a $83.00 target price on shares of AAR in a research report on Friday, October 4th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $75.00 price target on shares of AAR in a research report on Monday, November 4th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, AAR currently has a consensus rating of “Buy” and a consensus target price of $81.50.

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.