AAR Corp. (NYSE:AIR – Get Free Report) Director Ellen Lord sold 4,241 shares of AAR stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $100.24, for a total transaction of $425,117.84. Following the completion of the sale, the director directly owned 10,155 shares of the company’s stock, valued at $1,017,937.20. The trade was a 29.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
AAR Trading Down 1.4%
Shares of AAR stock opened at $95.30 on Friday. AAR Corp. has a fifty-two week low of $76.10 and a fifty-two week high of $154.00. The firm has a market cap of $3.83 billion, a PE ratio of 19.53 and a beta of 1.13. The business’s fifty day moving average is $116.69 and its two-hundred day moving average is $122.71. The company has a quick ratio of 1.28, a current ratio of 2.83 and a debt-to-equity ratio of 0.50.
AAR (NYSE:AIR – Get Free Report) last announced its quarterly earnings data on Monday, September 28th. The aerospace company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.19. The business had revenue of $918.00 million during the quarter, compared to the consensus estimate of $878.81 million. AAR had a return on equity of 12.99% and a net margin of 5.55%. The business’s revenue for the quarter was up 24.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.08 earnings per share. Analysts anticipate that AAR Corp. will post 5.89 earnings per share for the current year.
Hedge Funds Weigh In On AAR
Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in AAR during the second quarter valued at $925,068,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of AAR in the 2nd quarter worth about $84,251,000. Principal Financial Group Inc. lifted its position in shares of AAR by 4.9% in the 1st quarter. Principal Financial Group Inc. now owns 675,686 shares of the aerospace company’s stock worth $73,961,000 after buying an additional 31,583 shares during the last quarter. Emerald Advisers LLC boosted its holdings in shares of AAR by 6.3% in the 1st quarter. Emerald Advisers LLC now owns 445,693 shares of the aerospace company’s stock valued at $48,786,000 after buying an additional 26,223 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in shares of AAR in the 2nd quarter valued at about $39,024,000. Hedge funds and other institutional investors own 90.74% of the company’s stock.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on AIR. Guggenheim reissued a “neutral” rating on shares of AAR in a research report on Tuesday, September 29th. Zacks Research lowered shares of AAR from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 28th. Truist Financial increased their price target on shares of AAR from $128.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. Weiss Ratings downgraded shares of AAR from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, September 25th. Finally, Wall Street Zen upgraded shares of AAR from a “hold” rating to a “buy” rating in a report on Saturday, October 3rd. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $140.60.
About AAR
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.
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