AAR (NYSE:AIR) SVP Christopher Jessup Sells 23,621 Shares

AAR Corp. (NYSE:AIR) SVP Christopher Jessup sold 23,621 shares of the company’s stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $97.05, for a total value of $2,292,418.05. Following the completion of the transaction, the senior vice president owned 65,769 shares in the company, valued at approximately $6,382,881.45. The trade was a 26.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

AAR Price Performance

Shares of AIR traded up $0.03 during trading hours on Monday, reaching $97.06. 283,122 shares of the company’s stock traded hands, compared to its average volume of 998,653. The stock has a market cap of $3.84 billion, a PE ratio of 38.08 and a beta of 1.24. AAR Corp. has a 12 month low of $46.51 and a 12 month high of $98.92. The company has a current ratio of 2.84, a quick ratio of 1.31 and a debt-to-equity ratio of 0.61. The firm’s 50 day simple moving average is $83.52 and its 200-day simple moving average is $79.71.

AAR (NYSE:AIR) last posted its earnings results on Tuesday, January 6th. The aerospace company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.16. AAR had a return on equity of 12.40% and a net margin of 3.17%.The firm had revenue of $795.30 million for the quarter, compared to analysts’ expectations of $760.95 million. During the same period in the previous year, the firm earned $0.90 earnings per share. The business’s revenue was up 15.9% compared to the same quarter last year. Equities analysts expect that AAR Corp. will post 3.77 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Osterweis Capital Management Inc. acquired a new stake in shares of AAR in the second quarter worth approximately $26,000. Morse Asset Management Inc purchased a new stake in AAR during the 3rd quarter valued at about $27,000. Salomon & Ludwin LLC acquired a new stake in AAR in the 3rd quarter valued at about $30,000. Optiver Holding B.V. purchased a new position in AAR in the 3rd quarter worth approximately $31,000. Finally, Westfuller Advisors LLC purchased a new stake in shares of AAR in the third quarter valued at approximately $39,000. 90.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AIR has been the subject of a number of analyst reports. Zacks Research cut AAR from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Jefferies Financial Group started coverage on shares of AAR in a research note on Wednesday, December 17th. They set a “buy” rating and a $100.00 target price for the company. Wall Street Zen upgraded shares of AAR from a “hold” rating to a “buy” rating in a research note on Saturday, January 3rd. Royal Bank Of Canada increased their price target on AAR from $90.00 to $105.00 and gave the company an “outperform” rating in a research note on Wednesday, January 7th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of AAR in a report on Monday, December 29th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $101.25.

AAR Company Profile

AAR Corp. (NYSE: AIR) is a global provider of aviation products and services to commercial, government and defense customers. The company offers a comprehensive portfolio of maintenance, repair and overhaul (MRO) solutions, component repair and overhaul, and engineering services designed to support a wide variety of fixed-wing and rotary aircraft. Leveraging FAA and EASA certifications, AAR delivers turnkey maintenance programs and ad hoc repair services that enhance aircraft availability and reliability.

In its Aviation Supply Chain Services segment, AAR sources, stores and distributes parts for both commercial airlines and military operators.