AAR (NYSE:AIR) CEO Sells $988,831.27 in Stock

AAR Corp. (NYSE:AIR) CEO John Mcclain Holmes III sold 9,947 shares of the stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $99.41, for a total transaction of $988,831.27. Following the completion of the sale, the chief executive officer directly owned 237,064 shares of the company’s stock, valued at $23,566,532.24. This trade represents a 4.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Tuesday, January 13th, John Mcclain Holmes III sold 16,802 shares of AAR stock. The shares were sold at an average price of $98.93, for a total transaction of $1,662,221.86.
• On Monday, January 12th, John Mcclain Holmes III sold 30,000 shares of AAR stock. The stock was sold at an average price of $97.50, for a total transaction 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.
• On Wednesday, November 5th, John Mcclain Holmes III sold 38,462 shares of AAR stock. The stock was sold at an average price of $83.50, for a total value of $3,211,577.00.

AAR Stock Up 4.5%

AIR traded up $4.60 on Thursday, reaching $105.68. The company’s stock had a trading volume of 295,040 shares, compared to its average volume of 897,560. AAR Corp. has a 1 year low of $46.51 and a 1 year high of $105.57. The business’s 50 day moving average is $84.38 and its 200 day moving average is $80.26. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.84 and a quick ratio of 1.31. The stock has a market cap of $4.18 billion, a price-to-earnings ratio of 41.44 and a beta of 1.24.

AAR (NYSE:AIR) last announced its earnings results on Tuesday, January 6th. The aerospace company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.16. AAR had a return on equity of 12.40% and a net margin of 3.17%.The company had revenue of $795.30 million for the quarter, compared to analyst estimates of $760.95 million. During the same period in the prior year, the company posted $0.90 EPS. AAR’s quarterly revenue was up 15.9% on a year-over-year basis. As a group, research analysts forecast that AAR Corp. will post 3.77 EPS for the current fiscal year.

Institutional Investors Weigh In On AAR

Large investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its position in shares of AAR by 41.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 108,168 shares of the aerospace company’s stock worth $9,135,000 after buying an additional 31,553 shares during the period. Hennion & Walsh Asset Management Inc. lifted its holdings in AAR by 12.3% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 35,324 shares of the aerospace company’s stock worth $2,924,000 after purchasing an additional 3,874 shares during the period. DAVENPORT & Co LLC grew its position in AAR by 49.8% in the 4th quarter. DAVENPORT & Co LLC now owns 10,256 shares of the aerospace company’s stock valued at $849,000 after buying an additional 3,411 shares in the last quarter. SG Americas Securities LLC increased its stake in AAR by 17.8% during the 4th quarter. SG Americas Securities LLC now owns 24,504 shares of the aerospace company’s stock valued at $2,029,000 after buying an additional 3,697 shares during the period. Finally, Oliver Luxxe Assets LLC raised its position in shares of AAR by 31.6% during the 4th quarter. Oliver Luxxe Assets LLC now owns 40,437 shares of the aerospace company’s stock worth $3,348,000 after buying an additional 9,715 shares in the last quarter. Institutional investors and hedge funds own 90.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on AIR shares. Truist Financial set a $107.00 target price on shares of AAR in a research note on Friday, January 9th. KeyCorp increased their target price on AAR from $93.00 to $109.00 and gave the stock an “overweight” rating in a report on Wednesday. Zacks Research upgraded AAR from a “hold” rating to a “strong-buy” rating in a report on Friday, January 9th. Royal Bank Of Canada lifted their price objective on shares of AAR from $90.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, January 7th. Finally, Jefferies Financial Group set a $112.00 target price on shares of AAR and gave the stock a “buy” rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $108.25.

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.