Insider Selling: AAR (NYSE:AIR) CEO Sells $6,744,600.00 in Stock

AAR Corp. (NYSE:AIR) CEO John Mcclain Holmes III sold 60,000 shares of AAR stock in a transaction dated Thursday, March 26th. The shares were sold at an average price of $112.41, for a total transaction of $6,744,600.00. Following the completion of the sale, the chief executive officer owned 235,064 shares in the company, valued at approximately $26,423,544.24. This trade represents a 20.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Friday, March 27th, John Mcclain Holmes III sold 26,175 shares of AAR stock. The stock was sold at an average price of $107.60, for a total transaction of $2,816,430.00.
• On Tuesday, February 3rd, John Mcclain Holmes III sold 10,000 shares of AAR stock. The shares were sold at an average price of $108.44, for a total transaction of $1,084,400.00.
• 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 value 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 stock was sold at an average price of $97.50, for a total value 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 value of $1,941,237.24.

AAR Stock Performance

NYSE AIR opened at $109.69 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.70 and a quick ratio of 1.23. The stock’s 50 day simple moving average is $110.61 and its 200-day simple moving average is $94.20. The company has a market cap of $4.36 billion, a PE ratio of 24.32 and a beta of 1.20. AAR Corp. has a 1-year low of $46.51 and a 1-year high of $122.97.

AAR (NYSE:AIR) last issued its quarterly earnings results on Tuesday, March 24th. The aerospace company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.21 by $0.04. AAR had a return on equity of 12.39% and a net margin of 5.46%.The firm had revenue of $845.10 million during the quarter, compared to analysts’ expectations of $812.58 million. During the same period in the previous year, the business earned $0.99 earnings per share. The firm’s revenue for the quarter was up 24.6% on a year-over-year basis. As a group, equities research analysts anticipate that AAR Corp. will post 3.77 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AIR. Rockefeller Capital Management L.P. grew its holdings in shares of AAR by 2,853.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 17,161 shares of the aerospace company’s stock valued at $1,421,000 after purchasing an additional 16,580 shares during the period. Corient Private Wealth LLC purchased a new position in AAR during the fourth quarter worth about $244,000. Sit Investment Associates Inc. purchased a new position in AAR during the fourth quarter worth about $356,000. Dean Capital Management boosted its holdings in AAR by 34.1% in the 4th quarter. Dean Capital Management now owns 23,504 shares of the aerospace company’s stock valued at $1,946,000 after purchasing an additional 5,974 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in AAR by 7.7% in the 4th quarter. Invesco Ltd. now owns 1,122,792 shares of the aerospace company’s stock valued at $92,956,000 after purchasing an additional 80,265 shares during the last quarter. Hedge funds and other institutional investors own 90.74% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on AIR. Weiss Ratings upgraded shares of AAR from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, March 27th. Jefferies Financial Group boosted their price target on shares of AAR to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, March 24th. KeyCorp upped their price objective on shares of AAR from $109.00 to $120.00 and gave the company an “overweight” rating in a research note on Wednesday, March 25th. Royal Bank Of Canada raised their target price on shares of AAR from $105.00 to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 25th. Finally, Zacks Research cut AAR from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $128.80.

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.