AAR (NYSE:AIR) Director Ellen Lord Sells 4,241 Shares of Stock

AAR Corp. (NYSE:AIR) Director Ellen Lord sold 4,241 shares of AAR stock in a transaction on Tuesday, October 20th. The shares were sold at an average price of $100.24, for a total value of $425,117.84. Following the sale, the director directly owned 10,155 shares in the company, valued at $1,017,937.20. The trade was a 29.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

AAR Trading Down 3.0%

NYSE:AIR opened at $96.61 on Friday. AAR Corp. has a 1 year low of $76.10 and a 1 year high of $154.00. The stock has a market cap of $3.88 billion, a price-to-earnings ratio of 19.80 and a beta of 1.13. The business has a fifty day moving average of $117.70 and a 200-day moving average of $122.90. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.28 and a current ratio of 2.83.

AAR (NYSE:AIR) last issued its quarterly earnings results on Monday, September 28th. The aerospace company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.19. AAR had a return on equity of 12.99% and a net margin of 5.55%. The company had revenue of $918.00 million for the quarter, compared to analyst estimates of $878.81 million. During the same period last year, the company earned $1.08 earnings per share. The company’s quarterly revenue was up 24.1% compared to the same quarter last year. Equities analysts predict that AAR Corp. will post 5.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

AIR has been the subject of a number of research analyst reports. Zacks Research lowered shares of AAR from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. Truist Financial boosted their target price on AAR from $128.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Weiss Ratings downgraded AAR from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, September 25th. Wall Street Zen raised AAR from a “hold” rating to a “buy” rating in a research note on Saturday, October 3rd. Finally, Guggenheim reiterated a “neutral” rating on shares of AAR in a research report on Tuesday, September 29th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $140.60.

Institutional Investors Weigh In On AAR

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Fifth Third Wealth Advisors LLC acquired a new position in AAR in the third quarter worth approximately $245,000. Sterling Capital Management LLC raised its position in shares of AAR by 842.9% during the third quarter. Sterling Capital Management LLC now owns 1,320 shares of the aerospace company’s stock worth $134,000 after purchasing an additional 1,180 shares during the period. Inspire Investing LLC raised its position in shares of AAR by 29.4% during the third quarter. Inspire Investing LLC now owns 6,215 shares of the aerospace company’s stock worth $631,000 after purchasing an additional 1,413 shares during the period. New England Research & Management Inc. lifted its holdings in shares of AAR by 79.7% during the third quarter. New England Research & Management Inc. now owns 19,225 shares of the aerospace company’s stock valued at $1,951,000 after purchasing an additional 8,525 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of AAR by 35.0% during the third quarter. GAMMA Investing LLC now owns 1,554 shares of the aerospace company’s stock valued at $158,000 after purchasing an additional 403 shares during the last quarter. 90.74% of the stock is owned by institutional investors and hedge funds.

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.