AAR Corp. (NYSE:AIR) SVP Christopher A. Jessup Sells 33,481 Shares

AAR Corp. (NYSE:AIR) SVP Christopher A. Jessup sold 33,481 shares of AAR stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $70.40, for a total transaction of $2,357,062.40. Following the completion of the transaction, the senior vice president now directly owns 63,209 shares of the company’s stock, valued at approximately $4,449,913.60. This trade represents a 34.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

AAR Stock Down 0.5 %

NYSE AIR opened at $70.25 on Friday. The business has a fifty day moving average price of $65.77 and a two-hundred day moving average price of $65.22. The stock has a market capitalization of $2.52 billion, a PE ratio of 250.91 and a beta of 1.61. AAR Corp. has a fifty-two week low of $54.71 and a fifty-two week high of $76.34. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.68 and a quick ratio of 1.45.

AAR (NYSE:AIR) last announced its quarterly earnings data on Tuesday, January 7th. The aerospace company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.07. AAR had a return on equity of 10.46% and a net margin of 0.41%. The business had revenue of $686.10 million during the quarter, compared to the consensus estimate of $654.47 million. During the same period in the prior year, the company earned $0.81 EPS. AAR’s revenue for the quarter was up 25.8% on a year-over-year basis. Equities analysts expect that AAR Corp. will post 3.75 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AIR has been the subject of several research reports. StockNews.com upgraded shares of AAR from a “sell” rating to a “hold” rating in a research report on Friday. KeyCorp started coverage on AAR in a research note on Thursday. They issued an “overweight” rating and a $83.00 price target for the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $75.00 price objective on shares of AAR in a report on Monday, November 4th. Finally, Benchmark reissued a “buy” rating and set a $83.00 target price on shares of AAR in a report on Friday, October 4th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $81.50.

Institutional Investors Weigh In On AAR

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Principal Financial Group Inc. grew its position in AAR by 18.5% during the 3rd quarter. Principal Financial Group Inc. now owns 500,200 shares of the aerospace company’s stock worth $32,693,000 after acquiring an additional 77,974 shares during the last quarter. Barclays PLC grew its holdings in shares of AAR by 269.4% during the third quarter. Barclays PLC now owns 66,223 shares of the aerospace company’s stock worth $4,328,000 after purchasing an additional 48,298 shares during the last quarter. Earnest Partners LLC boosted its position in AAR by 3.2% during the 2nd quarter. Earnest Partners LLC now owns 1,588,893 shares of the aerospace company’s stock worth $115,513,000 after buying an additional 48,630 shares during the period. Stifel Financial Corp raised its stake in shares of AAR by 4.1% during the third quarter. Stifel Financial Corp now owns 22,859 shares of the aerospace company’s stock valued at $1,494,000 after acquiring an additional 893 shares during the last quarter. Finally, Resolute Capital Asset Partners LLC grew its position in shares of AAR by 54.3% in the 2nd quarter. Resolute Capital Asset Partners LLC now owns 30,000 shares of the aerospace company’s stock valued at $2,181,000 after buying an additional 10,562 shares during the last quarter. 90.74% of the stock is owned by institutional investors.

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.