AAR (NYSE:AIR) CEO John Mcclain Holmes III Sells 16,802 Shares

AAR Corp. (NYSE:AIR) CEO John Mcclain Holmes III sold 16,802 shares of the firm’s stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $98.93, for a total value of $1,662,221.86. Following the completion of the transaction, the chief executive officer owned 237,064 shares of the company’s stock, valued at $23,452,741.52. This trade represents a 6.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Wednesday, January 14th, John Mcclain Holmes III sold 9,947 shares of AAR stock. The shares were 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 stock was 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 stock was 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 transaction of $3,211,577.00.

AAR Stock Performance

AIR opened at $105.91 on Friday. The firm has a 50 day moving average of $84.85 and a two-hundred day moving average of $80.44. The firm has a market capitalization of $4.19 billion, a PE ratio of 41.53 and a beta of 1.24. The company has a current ratio of 2.84, a quick ratio of 1.31 and a debt-to-equity ratio of 0.61. AAR Corp. has a 12-month low of $46.51 and a 12-month high of $106.19.

AAR (NYSE:AIR) last released its quarterly earnings data on Tuesday, January 6th. The aerospace company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.16. The firm had revenue of $795.30 million for the quarter, compared to analyst estimates of $760.95 million. AAR had a net margin of 3.17% and a return on equity of 12.40%. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.90 earnings per share. On average, analysts anticipate that AAR Corp. will post 3.77 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AIR. Royal Bank Of Canada upped their target price on AAR from $90.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 7th. Truist Financial set a $107.00 price objective on AAR in a research report on Friday, January 9th. Zacks Research raised shares of AAR from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 9th. KeyCorp boosted their target price on shares of AAR from $93.00 to $109.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of AAR in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $108.25.

Institutional Inflows and Outflows

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

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.