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 the company’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $108.44, for a total transaction of $1,084,400.00. Following the transaction, the chief executive officer owned 237,064 shares of the company’s stock, valued at approximately $25,707,220.16. The trade was a 4.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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 stock was sold at an average price of $98.93, for a total transaction 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 value 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 shares were sold at an average price of $83.50, for a total transaction of $3,211,577.00.

AAR Price Performance

Shares of AIR traded up $1.80 on Tuesday, reaching $109.80. The stock had a trading volume of 635,130 shares, compared to its average volume of 654,447. AAR Corp. has a twelve month low of $46.51 and a twelve month high of $110.01. The firm has a market capitalization of $4.34 billion, a PE ratio of 43.06 and a beta of 1.23. The firm has a 50-day moving average of $90.92 and a 200 day moving average of $83.29. The company has a quick ratio of 1.31, a current ratio of 2.84 and a debt-to-equity ratio of 0.61.

AAR (NYSE:AIR) last issued its quarterly earnings data on Tuesday, January 6th. The aerospace company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.16. The firm had revenue of $795.30 million during the quarter, compared to analysts’ expectations of $760.95 million. AAR had a return on equity of 12.40% and a net margin of 3.17%.AAR’s revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.90 earnings per share. Sell-side analysts expect that AAR Corp. will post 3.77 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Osterweis Capital Management Inc. purchased a new stake in AAR in the second quarter valued at approximately $26,000. Morse Asset Management Inc acquired a new position in shares of AAR in the 3rd quarter valued at $27,000. NBC Securities Inc. purchased a new stake in shares of AAR during the 4th quarter valued at $28,000. Danske Bank A S acquired a new stake in shares of AAR during the 4th quarter worth $28,000. Finally, Salomon & Ludwin LLC purchased a new position in shares of AAR in the 3rd quarter worth $30,000. Institutional investors and hedge funds own 90.74% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of AAR in a research report on Monday, December 29th. Truist Financial set a $107.00 target price on AAR in a report on Friday, January 9th. Jefferies Financial Group set a $112.00 price target on AAR and gave the stock a “buy” rating in a report on Thursday, January 15th. Wall Street Zen upgraded AAR from a “hold” rating to a “buy” rating in a research report on Saturday, January 3rd. Finally, Royal Bank Of Canada boosted their target price on shares of AAR from $90.00 to $105.00 and gave the company an “outperform” rating in a research note on Wednesday, January 7th. One equities 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 company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.80.

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.