Sean M. Gillen Sells 17,385 Shares of AAR Corp. (NYSE:AIR) Stock

AAR Corp. (NYSE:AIR) CFO Sean M. Gillen sold 17,385 shares of the company’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $66.33, for a total transaction of $1,153,147.05. Following the sale, the chief financial officer now directly owns 72,326 shares in the company, valued at approximately $4,797,383.58. The trade was a 19.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

AAR Stock Up 0.7 %

Shares of NYSE AIR traded up $0.50 during trading hours on Friday, hitting $67.59. 675,419 shares of the stock were exchanged, compared to its average volume of 467,920. The firm has a fifty day moving average price of $64.86 and a 200-day moving average price of $65.31. The company has a market cap of $2.43 billion, a PE ratio of 37.14 and a beta of 1.61. The company has a quick ratio of 1.45, a current ratio of 3.06 and a debt-to-equity ratio of 0.81. AAR Corp. has a 12 month low of $54.71 and a 12 month high of $76.34.

AAR (NYSE:AIR) last announced its earnings results 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 for the quarter, compared to analyst estimates of $654.47 million. AAR had a return on equity of 10.22% and a net margin of 2.67%. The firm’s quarterly revenue was up 25.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.81 EPS. On average, sell-side analysts expect that AAR Corp. will post 3.63 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on AIR shares. Royal Bank of Canada reiterated an “outperform” rating and set a $75.00 price target on shares of AAR in a report on Monday, November 4th. StockNews.com lowered shares of AAR from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, Benchmark reissued a “buy” rating and set a $83.00 target price on shares of AAR in a research report on Friday, October 4th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $81.00.

Institutional Trading of AAR

A number of institutional investors have recently bought and sold shares of AIR. Earnest Partners LLC raised its stake in shares of AAR by 3.2% in the second quarter. Earnest Partners LLC now owns 1,588,893 shares of the aerospace company’s stock worth $115,513,000 after purchasing an additional 48,630 shares during the last quarter. Westwood Holdings Group Inc. purchased a new position in shares of AAR during the second quarter worth $77,754,000. Franklin Resources Inc. lifted its position in AAR by 13.4% during the third quarter. Franklin Resources Inc. now owns 969,741 shares of the aerospace company’s stock valued at $59,591,000 after purchasing an additional 114,460 shares during the period. American Century Companies Inc. boosted its holdings in AAR by 1,956.5% in the second quarter. American Century Companies Inc. now owns 909,953 shares of the aerospace company’s stock valued at $66,154,000 after purchasing an additional 865,705 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in AAR by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 796,962 shares of the aerospace company’s stock worth $52,101,000 after purchasing an additional 27,747 shares during the period. 90.74% of the stock is currently owned by institutional investors and hedge funds.

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.