Jessica A. Garascia Sells 7,352 Shares of AAR Corp. (NYSE:AIR) Stock

AAR Corp. (NYSE:AIR) CAO Jessica A. Garascia sold 7,352 shares of AAR stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $63.37, for a total transaction of $465,896.24. Following the completion of the sale, the chief accounting officer now directly owns 28,165 shares in the company, valued at approximately $1,784,816.05. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

AAR Trading Down 2.2 %

Shares of AIR stock opened at $60.79 on Friday. The stock’s fifty day moving average is $63.33 and its two-hundred day moving average is $63.01. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.33 and a current ratio of 2.90. The firm has a market capitalization of $2.15 billion, a P/E ratio of 35.76 and a beta of 1.67. AAR Corp. has a fifty-two week low of $50.06 and a fifty-two week high of $73.95.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC purchased a new position in AAR in the 4th quarter valued at $27,000. Quantbot Technologies LP purchased a new position in shares of AAR during the 1st quarter worth $26,000. DekaBank Deutsche Girozentrale purchased a new position in shares of AAR during the 3rd quarter worth $33,000. Point72 Asset Management L.P. purchased a new position in shares of AAR during the 2nd quarter worth $52,000. Finally, Point72 Hong Kong Ltd purchased a new position in shares of AAR during the 1st quarter worth $44,000. Hedge funds and other institutional investors own 90.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AIR. Benchmark reissued a “buy” rating and issued a $65.00 price target on shares of AAR in a research note on Friday, March 22nd. Truist Financial lifted their price target on shares of AAR from $68.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, December 22nd. Royal Bank of Canada reissued an “outperform” rating and issued a $80.00 price target on shares of AAR in a research note on Friday, March 22nd. Stifel Nicolaus lifted their price target on shares of AAR from $80.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, December 22nd. Finally, William Blair began coverage on shares of AAR in a research note on Monday, January 29th. They issued an “outperform” rating on the stock. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $76.75.

About AAR

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. It operates through Aviation Services and Expeditionary Services segments. The Aviation Services segment engages in lease and sale of new, overhauled and repaired engine, and airframe parts and components, as well as aircrafts; and offers customized flight hour component inventory and repair, warranty claim management, and outsourcing programs for engine and airframe parts and components.