AAR (NYSE:AIR) CEO Sells $1,662,221.86 in Stock

AAR Corp. (NYSE:AIR) CEO John Mcclain Holmes III sold 16,802 shares of AAR stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $98.93, for a total value of $1,662,221.86. Following the transaction, the chief executive officer owned 237,064 shares of the company’s stock, valued at $23,452,741.52. The trade was a 6.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Wednesday, January 14th, John Mcclain Holmes III sold 9,947 shares of AAR stock. The shares were 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 shares were sold at an average price of $97.50, for a total transaction of $2,925,000.00.
• On Friday, January 2nd, John Mcclain Holmes III sold 23,077 shares of AAR stock. The stock was sold at an average price of $84.12, for a total transaction of $1,941,237.24.
• On Wednesday, November 5th, John Mcclain Holmes III sold 38,462 shares of AAR stock. The stock was sold at an average price of $83.50, for a total transaction of $3,211,577.00.

AAR Stock Performance

AAR stock traded up $4.60 during trading hours on Thursday, hitting $105.68. The company had a trading volume of 295,040 shares, compared to its average volume of 897,560. The firm has a 50-day moving average of $84.38 and a 200 day moving average of $80.26. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.84 and a quick ratio of 1.31. The firm has a market cap of $4.18 billion, a PE ratio of 41.44 and a beta of 1.24. AAR Corp. has a one year low of $46.51 and a one year high of $105.57.

AAR (NYSE:AIR) last issued its quarterly earnings data on Tuesday, January 6th. The aerospace company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.16. The company had revenue of $795.30 million during the quarter, compared to analysts’ expectations of $760.95 million. AAR had a return on equity of 12.40% and a net margin of 3.17%.The business’s revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.90 earnings per share. On average, sell-side analysts expect that AAR Corp. will post 3.77 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AIR has been the topic of several recent analyst reports. Zacks Research raised shares of AAR from a “hold” rating to a “strong-buy” rating in a report on Friday, January 9th. Royal Bank Of Canada boosted their price objective on shares of AAR from $90.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 7th. Wall Street Zen upgraded shares of AAR from a “hold” rating to a “buy” rating in a research report on Saturday, January 3rd. Jefferies Financial Group set a $112.00 price target on AAR and gave the stock a “buy” rating in a report on Thursday. Finally, Truist Financial set a $107.00 price objective on shares of AAR in a research note on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $108.25.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in AIR. Osterweis Capital Management Inc. purchased a new position in shares of AAR in the 2nd quarter worth about $26,000. Morse Asset Management Inc bought a new stake in AAR in the third quarter worth about $27,000. Salomon & Ludwin LLC purchased a new position in AAR in the third quarter valued at about $30,000. Optiver Holding B.V. bought a new position in shares of AAR during the 3rd quarter valued at approximately $31,000. Finally, Westfuller Advisors LLC purchased a new stake in shares of AAR during the 3rd quarter worth approximately $39,000. 90.74% of the stock is owned by institutional investors.

About AAR

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.