AAR Corp. (NYSE:AIR – Get Free Report) CEO John Mcclain Holmes III sold 26,175 shares of the business’s stock in a transaction dated Friday, March 27th. The stock was sold at an average price of $107.60, for a total transaction of $2,816,430.00. Following the sale, the chief executive officer directly owned 235,064 shares of the company’s stock, valued at approximately $25,292,886.40. The trade was a 10.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
John Mcclain Holmes III also recently made the following trade(s):
- On Thursday, March 26th, John Mcclain Holmes III sold 60,000 shares of AAR stock. The shares were sold at an average price of $112.41, for a total transaction of $6,744,600.00.
- On Tuesday, February 3rd, John Mcclain Holmes III sold 10,000 shares of AAR stock. The shares were sold at an average price of $108.44, for a total value of $1,084,400.00.
- On Tuesday, January 13th, John Mcclain Holmes III sold 16,802 shares of AAR stock. The stock was sold at an average price of $98.93, for a total value of $1,662,221.86.
- On Wednesday, January 14th, John Mcclain Holmes III sold 9,947 shares of AAR stock. The stock was sold at an average price of $99.41, for a total value of $988,831.27.
- On Monday, January 12th, John Mcclain Holmes III sold 30,000 shares of AAR stock. The shares were sold at an average price of $97.50, for a total value of $2,925,000.00.
- On Friday, January 2nd, John Mcclain Holmes III sold 23,077 shares of AAR stock. The shares were sold at an average price of $84.12, for a total value of $1,941,237.24.
AAR Stock Down 0.6%
AAR stock traded down $0.61 during trading on Thursday, hitting $110.76. 42,158 shares of the company were exchanged, compared to its average volume of 542,267. The company has a market capitalization of $4.40 billion, a P/E ratio of 24.56 and a beta of 1.20. The business’s 50 day moving average is $110.49 and its 200 day moving average is $93.71. AAR Corp. has a 52 week low of $46.51 and a 52 week high of $122.97. The company has a current ratio of 2.70, a quick ratio of 1.23 and a debt-to-equity ratio of 0.54.
Institutional Trading of AAR
Hedge funds have recently made changes to their positions in the company. McMillan Office Inc. purchased a new position in shares of AAR during the 4th quarter valued at $25,000. Osterweis Capital Management Inc. purchased a new stake in shares of AAR during the 2nd quarter valued at approximately $26,000. Morse Asset Management Inc bought a new position in AAR in the 3rd quarter worth approximately $27,000. NBC Securities Inc. bought a new position in AAR in the 4th quarter worth approximately $28,000. Finally, Danske Bank A S purchased a new position in AAR in the 4th quarter valued at approximately $28,000. 90.74% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the stock. Zacks Research downgraded shares of AAR from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Truist Financial reissued a “buy” rating and set a $128.00 target price (up from $107.00) on shares of AAR in a research report on Friday, March 6th. KeyCorp increased their price target on AAR from $109.00 to $120.00 and gave the company an “overweight” rating in a research report on Wednesday, March 25th. Wall Street Zen upgraded AAR from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Finally, Weiss Ratings raised AAR from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, March 27th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, AAR currently has a consensus rating of “Moderate Buy” and an average target price of $128.80.
Check Out Our Latest Stock Report on AAR
About AAR
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.
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