AAR (NYSE:AIR) CEO Sells $3,409,350.00 in Stock

AAR Corp. (NYSE:AIR) CEO John Holmes, III sold 35,000 shares of the company’s stock in a transaction that occurred on Monday, October 26th. The shares were sold at an average price of $97.41, for a total value of $3,409,350.00. Following the transaction, the chief executive officer directly owned 406,362 shares in the company, valued at approximately $39,583,722.42. This represents a 7.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

AAR Trading Down 4.1%

NYSE:AIR opened at $100.20 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.28 and a current ratio of 2.83. The firm has a market cap of $4.03 billion, a P/E ratio of 20.53 and a beta of 1.13. The firm has a 50-day simple moving average of $112.73 and a 200-day simple moving average of $118.41. AAR Corp. has a one year low of $76.10 and a one year high of $154.00.

AAR (NYSE:AIR) last released its earnings results on Monday, September 28th. The aerospace company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.19. The business had revenue of $918.00 million for the quarter, compared to analyst estimates of $878.81 million. AAR had a net margin of 5.55% and a return on equity of 12.99%. The business’s revenue was up 24.1% on a year-over-year basis. During the same period last year, the company posted $1.08 EPS. Equities analysts anticipate that AAR Corp. will post 5.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AIR. Wall Street Zen raised AAR from a “hold” rating to a “buy” rating in a research report on Saturday, October 3rd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $145.00 price target on shares of AAR in a report on Monday, September 28th. Zacks Research downgraded shares of AAR from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. Truist Financial lifted their target price on AAR from $128.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. Finally, Weiss Ratings downgraded AAR from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, September 25th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $140.60.

Institutional Trading of AAR

Several hedge funds have recently made changes to their positions in AIR. Whittier Trust Co. of Nevada Inc. bought a new stake in AAR during the 1st quarter worth approximately $25,000. Optiver Holding B.V. grew its holdings in shares of AAR by 218.6% in the 1st quarter. Optiver Holding B.V. now owns 274 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 188 shares in the last quarter. Global Retirement Partners LLC bought a new position in AAR in the second quarter valued at approximately $39,000. Putney Financial Group LLC acquired a new position in shares of AAR during the 3rd quarter worth approximately $40,000. Finally, Farther Finance Advisors LLC increased its holdings in AAR by 191.2% during the third quarter. Farther Finance Advisors LLC now owns 495 shares of the aerospace company’s stock worth $50,000 after buying an additional 325 shares during the last quarter. Institutional investors own 90.74% of the company’s stock.

AAR Company Profile

AAR Corp. (NYSE: AIR) is a global aviation services company that provides products and support to commercial airlines, government agencies and defense customers. Its offerings include aircraft parts and supply-chain management, component repair and overhaul, airframe maintenance, engineering services, fleet management and expeditionary logistics.

The company operates through businesses that support the maintenance and operation of aircraft throughout their life cycles. AAR distributes aviation parts and manages inventory, performs maintenance, repair and overhaul services for airframes and aircraft components, and provides logistics and aftermarket support for commercial and government fleets.

Founded in 1955, AAR is headquartered in Wood Dale, Illinois, and serves customers across North America and international markets.