Jessica A. Garascia Sells 1,500 Shares of AAR Corp. (NYSE:AIR) Stock

AAR Corp. (NYSE:AIR) CAO Jessica A. Garascia sold 1,500 shares of the firm’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $66.90, for a total value of $100,350.00. Following the sale, the chief accounting officer now directly owns 37,565 shares in the company, valued at approximately $2,513,098.50. The trade was a 3.84 % 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 Stock Up 0.7 %

Shares of AIR traded up $0.50 during mid-day trading on Friday, hitting $67.59. 675,200 shares of the company traded hands, compared to its average volume of 454,414. The company has a market capitalization of $2.43 billion, a PE ratio of 37.14 and a beta of 1.61. The company has a quick ratio of 1.45, a current ratio of 3.06 and a debt-to-equity ratio of 0.81. The business has a 50 day moving average of $64.86 and a 200 day moving average of $65.31. AAR Corp. has a 1-year low of $54.71 and a 1-year high of $76.34.

AAR (NYSE:AIR) last issued its quarterly earnings results on Tuesday, January 7th. The aerospace company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.07. The business had revenue of $686.10 million for the quarter, compared to analyst estimates of $654.47 million. AAR had a net margin of 2.67% and a return on equity of 10.22%. AAR’s revenue for the quarter was up 25.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.81 EPS. Equities research analysts anticipate that AAR Corp. will post 3.63 EPS for the current year.

Institutional Trading of AAR

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AIR. Amalgamated Bank lifted its stake in AAR by 1.7% during the 3rd quarter. Amalgamated Bank now owns 10,319 shares of the aerospace company’s stock valued at $674,000 after acquiring an additional 177 shares during the period. Captrust Financial Advisors increased its holdings in AAR by 5.3% in the third quarter. Captrust Financial Advisors now owns 3,537 shares of the aerospace company’s stock valued at $231,000 after buying an additional 177 shares in the last quarter. HighTower Advisors LLC raised its position in shares of AAR by 6.1% in the third quarter. HighTower Advisors LLC now owns 3,818 shares of the aerospace company’s stock worth $249,000 after acquiring an additional 220 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of AAR by 43.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 778 shares of the aerospace company’s stock worth $57,000 after acquiring an additional 234 shares in the last quarter. Finally, Truist Financial Corp grew its position in shares of AAR by 3.4% during the 2nd quarter. Truist Financial Corp now owns 9,040 shares of the aerospace company’s stock valued at $657,000 after acquiring an additional 296 shares during the period. Institutional investors and hedge funds own 90.74% of the company’s stock.

Analysts Set New Price Targets

AIR has been the topic of a number of recent analyst reports. Benchmark restated a “buy” rating and issued a $83.00 price target on shares of AAR in a report on Friday, October 4th. Royal Bank of Canada restated an “outperform” rating and issued a $75.00 target price on shares of AAR in a research note on Monday, November 4th. Finally, StockNews.com downgraded AAR from a “hold” rating to a “sell” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $81.00.

About AAR

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. The Parts Supply segment leases and sells aircraft components and replacement parts. The Repair & Engineering segment provides airframe maintenance services, such as airframe inspection, painting, line maintenance, airframe modification, structural repair, avionics service and installation, exterior and interior refurbishment, and engineering and support services; component repair services comprising maintenance, repair, and overhaul (MRO) services, engine and airframe accessories, and interior refurbishment; and landing gear overhaul services, including repair services on wheels and brakes.