Christopher A. Jessup Sells 33,481 Shares of AAR Corp. (NYSE:AIR) Stock

AAR Corp. (NYSE:AIR) SVP Christopher A. Jessup sold 33,481 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $70.40, for a total transaction of $2,357,062.40. Following the sale, the senior vice president now directly owns 63,209 shares of the company’s stock, valued at $4,449,913.60. This represents a 34.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

AAR Stock Down 0.5 %

AAR stock opened at $70.25 on Friday. The company has a market cap of $2.52 billion, a P/E ratio of 250.91 and a beta of 1.61. AAR Corp. has a 1-year low of $54.71 and a 1-year high of $76.34. The company has a fifty day simple moving average of $65.77 and a 200 day simple moving average of $65.18. The company has a current ratio of 2.68, a quick ratio of 1.45 and a debt-to-equity ratio of 0.84.

AAR (NYSE:AIR) last released its earnings results on Tuesday, January 7th. The aerospace company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.07. The business had revenue of $686.10 million during the quarter, compared to the consensus estimate of $654.47 million. AAR had a net margin of 0.41% and a return on equity of 10.46%. The firm’s revenue for the quarter was up 25.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.81 earnings per share. Research analysts anticipate that AAR Corp. will post 3.75 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AIR. Benchmark reissued a “buy” rating and set a $83.00 price objective on shares of AAR in a research report on Friday, October 4th. Royal Bank of Canada reissued an “outperform” rating and set a $75.00 price objective on shares of AAR in a research report on Monday, November 4th. KeyCorp began coverage on shares of AAR in a research report on Thursday. They set an “overweight” rating and a $83.00 price objective for the company. Finally, StockNews.com raised shares of AAR from a “sell” rating to a “hold” rating in a research report on Friday. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $81.50.

Institutional Trading of AAR

Large investors have recently added to or reduced their stakes in the company. National Bank of Canada FI acquired a new stake in AAR in the third quarter valued at $25,000. Quest Partners LLC acquired a new stake in AAR in the second quarter valued at $33,000. EverSource Wealth Advisors LLC lifted its stake in AAR by 43.0% in the second quarter. EverSource Wealth Advisors LLC now owns 778 shares of the aerospace company’s stock valued at $57,000 after acquiring an additional 234 shares during the last quarter. KBC Group NV lifted its stake in AAR by 32.9% in the third quarter. KBC Group NV now owns 1,324 shares of the aerospace company’s stock valued at $87,000 after acquiring an additional 328 shares during the last quarter. Finally, ZWJ Investment Counsel Inc. acquired a new stake in AAR in the fourth quarter valued at $203,000. 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. 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.