AAR (NYSE:AIR) CEO Sells $2,925,000.00 in Stock

AAR Corp. (NYSE:AIR) CEO John Mcclain Holmes III sold 30,000 shares of the company’s stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $97.50, for a total value of $2,925,000.00. Following the completion of the sale, the chief executive officer directly owned 237,064 shares of the company’s stock, valued at approximately $23,113,740. This trade represents a 11.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 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

AIR stock traded up $1.30 during trading on Tuesday, hitting $99.53. The company had a trading volume of 296,624 shares, compared to its average volume of 938,940. The firm has a 50-day moving average price of $83.76 and a 200-day moving average price of $79.92. The company has a quick ratio of 1.31, a current ratio of 2.84 and a debt-to-equity ratio of 0.61. The firm has a market cap of $3.94 billion, a PE ratio of 39.03 and a beta of 1.24. AAR Corp. has a 1-year low of $46.51 and a 1-year high of $99.55.

AAR (NYSE:AIR) last announced its earnings results on Tuesday, January 6th. The aerospace company reported $1.18 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $760.95 million. During the same period last year, the business posted $0.90 EPS. The company’s revenue was up 15.9% on a year-over-year basis. On average, analysts expect that AAR Corp. will post 3.77 earnings per share for the current year.

Institutional Trading of AAR

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

Wall Street Analyst Weigh In

Several research firms have recently commented on AIR. Royal Bank Of Canada raised their price target on AAR from $90.00 to $105.00 and gave the company an “outperform” rating in a report on Wednesday, January 7th. KeyCorp raised their target price on AAR from $86.00 to $93.00 and gave the company an “overweight” rating in a report on Monday, September 29th. Wall Street Zen raised shares of AAR from a “hold” rating to a “buy” rating in a research note on Saturday, January 3rd. Jefferies Financial Group started coverage on shares of AAR in a research note on Wednesday, December 17th. They issued a “buy” rating and a $100.00 price objective for the company. Finally, Zacks Research upgraded shares of AAR from a “hold” rating to a “strong-buy” rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $101.25.

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.