AAR (NYSE:AIR) CEO Sells $1,084,400.00 in Stock

AAR Corp. (NYSE:AIR) CEO John Mcclain Holmes III sold 10,000 shares of AAR stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $108.44, for a total value of $1,084,400.00. Following the sale, the chief executive officer owned 237,064 shares in the company, valued at $25,707,220.16. This represents a 4.05% decrease in their ownership of the stock. The transaction was disclosed in a legal 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 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 transaction 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 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 transaction 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

Shares of AAR stock opened at $106.83 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.31 and a current ratio of 2.84. AAR Corp. has a 1 year low of $46.51 and a 1 year high of $110.39. The firm’s 50-day simple moving average is $92.42 and its 200-day simple moving average is $83.80. The firm has a market cap of $4.23 billion, a PE ratio of 41.89 and a beta of 1.23.

AAR (NYSE:AIR) last posted its quarterly earnings results on Tuesday, January 6th. The aerospace company reported $1.18 EPS for the quarter, topping 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 business had revenue of $795.30 million during the quarter, compared to the consensus estimate of $760.95 million. During the same period last year, the firm earned $0.90 earnings per share. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. Equities analysts forecast that AAR Corp. will post 3.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of AAR in a report on Monday, December 29th. The Goldman Sachs Group began coverage on shares of AAR in a report on Monday, January 26th. They issued a “neutral” rating and a $121.00 price target for the company. Zacks Research upgraded shares of AAR from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 9th. KeyCorp lifted their target price on AAR from $93.00 to $109.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. Finally, Jefferies Financial Group set a $112.00 target price on AAR and gave the company a “buy” rating in a report on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $110.80.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its position in shares of AAR by 14.9% during the third quarter. Smartleaf Asset Management LLC now owns 1,036 shares of the aerospace company’s stock worth $91,000 after buying an additional 134 shares during the period. Arizona State Retirement System raised its stake in AAR by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 10,683 shares of the aerospace company’s stock valued at $958,000 after acquiring an additional 147 shares in the last quarter. CWM LLC boosted its position in AAR by 19.3% during the 4th quarter. CWM LLC now owns 950 shares of the aerospace company’s stock worth $79,000 after acquiring an additional 154 shares during the period. Amalgamated Bank grew its stake in shares of AAR by 1.7% in the third quarter. Amalgamated Bank now owns 10,243 shares of the aerospace company’s stock worth $918,000 after purchasing an additional 175 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its holdings in shares of AAR by 4.4% during the second quarter. Teacher Retirement System of Texas now owns 5,482 shares of the aerospace company’s stock valued at $377,000 after purchasing an additional 231 shares during the period. Institutional investors own 90.74% of the company’s stock.

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.