AAR Corp. (NYSE:AIR) CEO John Mcclain Holmes III Sells 5,000 Shares

AAR Corp. (NYSE:AIR) CEO John Mcclain Holmes III sold 5,000 shares of the company’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $70.81, for a total transaction of $354,050.00. Following the transaction, the chief executive officer now owns 341,680 shares in the company, valued at $24,194,360.80. The trade was a 1.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Friday, January 10th, John Mcclain Holmes III sold 128,427 shares of AAR stock. The stock was sold at an average price of $66.76, for a total value of $8,573,786.52.

AAR Trading Up 2.9 %

AAR stock opened at $72.25 on Wednesday. The stock has a market cap of $2.59 billion, a PE ratio of 258.03 and a beta of 1.61. The company has a current ratio of 2.68, a quick ratio of 1.27 and a debt-to-equity ratio of 0.84. The stock has a 50-day moving average price of $65.92 and a 200 day moving average price of $65.12. AAR Corp. has a 52 week low of $54.71 and a 52 week high of $76.34.

AAR (NYSE:AIR) last posted its quarterly earnings data on Tuesday, January 7th. The aerospace company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.07. AAR had a net margin of 0.41% and a return on equity of 10.46%. The business had revenue of $686.10 million during the quarter, compared to analyst estimates of $654.47 million. During the same quarter in the previous year, the business posted $0.81 earnings per share. The company’s revenue was up 25.8% on a year-over-year basis. Equities research analysts predict that AAR Corp. will post 3.77 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. National Bank of Canada FI acquired a new position in AAR in the third quarter valued at $25,000. EverSource Wealth Advisors LLC grew its holdings in AAR by 43.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 778 shares of the aerospace company’s stock valued at $57,000 after buying an additional 234 shares during the period. Toth Financial Advisory Corp grew its holdings in AAR by 133.3% in the 4th quarter. Toth Financial Advisory Corp now owns 1,400 shares of the aerospace company’s stock valued at $86,000 after buying an additional 800 shares during the period. KBC Group NV increased its stake in shares of AAR by 32.9% during the 3rd quarter. KBC Group NV now owns 1,324 shares of the aerospace company’s stock valued at $87,000 after acquiring an additional 328 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of AAR by 52.1% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,711 shares of the aerospace company’s stock worth $166,000 after acquiring an additional 929 shares during the period. Hedge funds and other institutional investors own 90.74% of the company’s stock.

Analyst Upgrades and Downgrades

AIR has been the subject of several research reports. StockNews.com raised AAR from a “sell” rating to a “hold” rating in a report on Friday, January 17th. Benchmark reaffirmed a “buy” rating and set a $83.00 price target on shares of AAR in a research note on Friday, October 4th. Royal Bank of Canada reissued an “outperform” rating and issued a $75.00 price objective on shares of AAR in a research note on Monday, November 4th. Finally, KeyCorp initiated coverage on shares of AAR in a research report on Thursday, January 16th. They set an “overweight” rating and a $83.00 target price for the company. 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. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $81.50.

AAR Company Profile

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.