AAR Corp. (NYSE:AIR - Get Free Report) CEO John Mcclain Holmes III sold 28,145 shares of the firm's stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $57.96, for a total value of $1,631,284.20. Following the sale, the chief executive officer now owns 303,621 shares in the company, valued at $17,597,873.16. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
John Mcclain Holmes III also recently made the following trade(s):
- On Thursday, April 4th, John Mcclain Holmes III sold 29,250 shares of AAR stock. The shares were sold at an average price of $60.21, for a total value of $1,761,142.50.
AAR Trading Up 2.0 %
NYSE:AIR opened at $60.09 on Friday. AAR Corp. has a 12-month low of $50.06 and a 12-month high of $73.95. The firm has a market capitalization of $2.13 billion, a P/E ratio of 35.35 and a beta of 1.67. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.90 and a quick ratio of 1.33. The business has a 50 day simple moving average of $63.21 and a 200 day simple moving average of $62.95.
Institutional Inflows and Outflows
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AIR. Bank of New York Mellon Corp boosted its position in AAR by 4.9% during the 1st quarter. Bank of New York Mellon Corp now owns 417,741 shares of the aerospace company's stock valued at $20,231,000 after purchasing an additional 19,617 shares during the period. Bank of Montreal Can boosted its position in AAR by 8.0% during the 1st quarter. Bank of Montreal Can now owns 18,177 shares of the aerospace company's stock worth $890,000 after acquiring an additional 1,345 shares during the period. MetLife Investment Management LLC boosted its position in AAR by 56.7% during the 1st quarter. MetLife Investment Management LLC now owns 18,230 shares of the aerospace company's stock worth $883,000 after acquiring an additional 6,595 shares during the period. Rhumbline Advisers boosted its position in AAR by 4.6% during the 1st quarter. Rhumbline Advisers now owns 110,106 shares of the aerospace company's stock worth $5,332,000 after acquiring an additional 4,874 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in AAR by 14.1% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 28,743 shares of the aerospace company's stock worth $1,392,000 after acquiring an additional 3,542 shares during the period. Institutional investors and hedge funds own 90.74% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on AIR shares. Royal Bank of Canada restated an "outperform" rating and set a $80.00 price objective on shares of AAR in a report on Friday, March 22nd. Benchmark restated a "buy" rating and set a $65.00 price objective on shares of AAR in a report on Friday, March 22nd. Truist Financial lifted their price objective on AAR from $68.00 to $81.00 and gave the stock a "buy" rating in a report on Friday, December 22nd. William Blair started coverage on AAR in a report on Monday, January 29th. They set an "outperform" rating on the stock. Finally, Stifel Nicolaus lifted their price objective on AAR from $80.00 to $81.00 and gave the stock a "buy" rating in a report on Friday, December 22nd. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, AAR presently has an average rating of "Moderate Buy" and a consensus target price of $76.75.
Get Our Latest Research Report on AAR
AAR Company Profile
(
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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.
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