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 stock in a transaction on Friday, January 17th. The stock was sold at an average price of $70.81, for a total value of $354,050.00. Following the completion of the transaction, the chief executive officer now directly owns 341,680 shares of the company’s stock, valued at approximately $24,194,360.80. The trade was a 1.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at 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 transaction of $8,573,786.52.

AAR Trading Up 2.9 %

Shares of AAR stock traded up $2.04 during trading on Tuesday, hitting $72.25. The stock had a trading volume of 185,465 shares, compared to its average volume of 360,579. AAR Corp. has a 1 year low of $54.71 and a 1 year high of $76.34. The company has a quick ratio of 1.27, a current ratio of 2.68 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $2.59 billion, a PE ratio of 258.03 and a beta of 1.61. The stock has a 50 day simple moving average of $65.83 and a 200 day simple moving average of $65.11.

AAR (NYSE:AIR) last posted its quarterly earnings results on Tuesday, January 7th. The aerospace company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.83 by $0.07. The business had revenue of $686.10 million during the quarter, compared to analysts’ expectations of $654.47 million. AAR had a net margin of 0.41% and a return on equity of 10.46%. The firm’s quarterly revenue was up 25.8% compared to the same quarter last year. During the same period last year, the company posted $0.81 earnings per share. On average, research analysts expect that AAR Corp. will post 3.77 EPS for the current fiscal year.

Analyst Ratings Changes

AIR has been the topic of a number of research analyst reports. StockNews.com upgraded shares of AAR from a “sell” rating to a “hold” rating in a research note on Friday. Benchmark restated a “buy” rating and set a $83.00 price objective on shares of AAR in a research report on Friday, October 4th. Royal Bank of Canada reiterated an “outperform” rating and issued a $75.00 target price on shares of AAR in a report on Monday, November 4th. Finally, KeyCorp assumed coverage on shares of AAR in a research report on Thursday, January 16th. They issued an “overweight” rating and a $83.00 price target on the stock. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, AAR has a consensus rating of “Buy” and an average price target of $81.50.

Hedge Funds Weigh In On AAR

Hedge funds have recently modified their holdings of the stock. Earnest Partners LLC grew its stake in AAR by 3.2% in the second quarter. Earnest Partners LLC now owns 1,588,893 shares of the aerospace company’s stock valued at $115,513,000 after purchasing an additional 48,630 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of AAR by 13.4% during the 3rd quarter. Franklin Resources Inc. now owns 969,741 shares of the aerospace company’s stock worth $59,591,000 after purchasing an additional 114,460 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of AAR by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 796,962 shares of the aerospace company’s stock valued at $52,101,000 after buying an additional 27,747 shares during the last quarter. Loomis Sayles & Co. L P increased its holdings in AAR by 20.5% in the third quarter. Loomis Sayles & Co. L P now owns 790,267 shares of the aerospace company’s stock worth $51,652,000 after buying an additional 134,215 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in AAR by 32.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 732,957 shares of the aerospace company’s stock valued at $47,906,000 after acquiring an additional 181,518 shares in the last quarter. 90.74% of the stock is owned by institutional investors and hedge funds.

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.