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 business’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 sale, the chief executive officer owned 237,064 shares in the company, valued at approximately $23,113,740. The trade was a 11.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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 shares were sold at an average price of $83.50, for a total transaction of $3,211,577.00.

AAR Stock Performance

Shares of NYSE:AIR traded up $1.30 during midday trading on Tuesday, reaching $99.53. The company’s stock had a trading volume of 296,624 shares, compared to its average volume of 938,940. 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 stock has a fifty day moving average of $83.76 and a 200 day moving average of $79.92. AAR Corp. has a twelve month low of $46.51 and a twelve month high of $99.55. The firm has a market capitalization of $3.94 billion, a PE ratio of 39.03 and a beta of 1.24.

AAR (NYSE:AIR) last announced its quarterly 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. The company had revenue of $795.30 million during the quarter, compared to the consensus estimate of $760.95 million. AAR had a return on equity of 12.40% and a net margin of 3.17%.AAR’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.90 earnings per share. On average, equities analysts expect that AAR Corp. will post 3.77 EPS for the current fiscal year.

Institutional Investors Weigh In On AAR

Institutional investors have recently modified their holdings of the company. 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 position in AAR in the third quarter valued at approximately $31,000. Salomon & Ludwin LLC purchased a new position in AAR in the third quarter valued at approximately $30,000. Osterweis Capital Management Inc. purchased a new position in AAR in the second quarter valued at approximately $26,000. Finally, Westfuller Advisors LLC acquired a new stake in AAR during the third quarter worth approximately $39,000. 90.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Wall Street Zen upgraded shares of AAR from a “hold” rating to a “buy” rating in a research report on Saturday, January 3rd. Zacks Research upgraded shares of AAR from a “hold” rating to a “strong-buy” rating in a research report on Friday. Truist Financial set a $107.00 price objective on shares of AAR in a research report on Friday. Royal Bank Of Canada boosted their target price on AAR from $90.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday, January 7th. Finally, Jefferies Financial Group started coverage on AAR in a research report on Wednesday, December 17th. They set a “buy” rating and a $100.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, AAR has an average rating of “Buy” and a consensus target price of $101.25.

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.