Insider Selling: AAR Corp. (NYSE:AIR) CEO Sells 128,427 Shares of Stock

AAR Corp. (NYSE:AIR) CEO John Mcclain Holmes III sold 128,427 shares of the company’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $66.76, for a total value of $8,573,786.52. Following the transaction, the chief executive officer now directly owns 346,680 shares in the company, valued at $23,144,356.80. The trade was a 27.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

AAR Stock Performance

AIR opened at $69.60 on Thursday. The company has a market cap of $2.50 billion, a PE ratio of 38.24 and a beta of 1.61. The stock has a 50-day moving average of $65.52 and a 200-day moving average of $65.19. AAR Corp. has a 52-week low of $54.71 and a 52-week high of $76.34. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.45 and a current ratio of 3.06.

AAR (NYSE:AIR) last announced its earnings results on Tuesday, January 7th. The aerospace company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.07. AAR had a return on equity of 10.22% and a net margin of 2.67%. The firm had revenue of $686.10 million during the quarter, compared to the consensus estimate of $654.47 million. During the same quarter in the prior year, the company earned $0.81 EPS. The firm’s revenue for the quarter was up 25.8% compared to the same quarter last year. As a group, equities research analysts forecast that AAR Corp. will post 3.63 earnings per share for the current fiscal year.

Institutional Trading of AAR

Hedge funds have recently modified their holdings of the company. Principal Financial Group Inc. lifted its position in shares of AAR by 18.5% in 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 period. Barclays PLC lifted its position in shares of AAR by 269.4% in the 3rd quarter. Barclays PLC now owns 66,223 shares of the aerospace company’s stock worth $4,328,000 after acquiring an additional 48,298 shares during the period. Earnest Partners LLC lifted its position in shares of AAR by 3.2% in the 2nd quarter. Earnest Partners LLC now owns 1,588,893 shares of the aerospace company’s stock worth $115,513,000 after acquiring an additional 48,630 shares during the period. Stifel Financial Corp raised its holdings in shares of AAR by 4.1% in the 3rd quarter. Stifel Financial Corp now owns 22,859 shares of the aerospace company’s stock worth $1,494,000 after buying an additional 893 shares in the last quarter. Finally, Resolute Capital Asset Partners LLC raised its holdings 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 worth $2,181,000 after buying an additional 10,562 shares in the last quarter. Institutional investors own 90.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on AIR shares. StockNews.com lowered AAR from a “hold” rating to a “sell” rating in a research report on Thursday, January 9th. Benchmark reaffirmed a “buy” rating and issued a $83.00 target price on shares of AAR in a research report on Friday, October 4th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $75.00 target price on shares of AAR in a research report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to MarketBeat, AAR currently has a consensus rating of “Moderate Buy” and a consensus price target 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.