Key Points
- CEO John Mcclain Holmes III sold 9,947 shares on Jan. 14 for $988,831.27 (avg. $99.41) and has executed several large sales in January and November, trimming his stake by about 4.03%.
- AAR reported a beat for the quarter (EPS $1.18 vs. $1.02; revenue $795.3M vs. $760.95M, +15.9% YoY) and has seen multiple analyst upgrades and price-target increases, with an average target around $108.25.
- Institutional investors own about 90.74% of the stock; the company has a market cap of ~$4.19B and a P/E of ~41.5, while shares recently rose about 4.8% and trade near their one-year high.
AAR Corp. (NYSE:AIR - Get Free Report) CEO John Mcclain Holmes III sold 9,947 shares of the business's stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $99.41, for a total transaction of $988,831.27. Following the sale, the chief executive officer directly owned 237,064 shares of the company's stock, valued at $23,566,532.24. This represents a 4.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
John Mcclain Holmes III also recently made the following trade(s):
- On Tuesday, January 13th, John Mcclain Holmes III sold 16,802 shares of AAR stock. The stock was sold at an average price of $98.93, for a total value of $1,662,221.86.
- 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 value of $2,925,000.00.
- On Friday, January 2nd, John Mcclain Holmes III sold 23,077 shares of AAR stock. The shares were sold at an average price of $84.12, for a total value 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 value of $3,211,577.00.
AAR Stock Up 4.8%
NYSE AIR opened at $105.91 on Friday. The business has a fifty day moving average price of $84.85 and a 200 day moving average price of $80.44. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.31 and a current ratio of 2.84. The company has a market cap of $4.19 billion, a P/E ratio of 41.53 and a beta of 1.24. AAR Corp. has a one year low of $46.51 and a one year high of $106.19.
AAR (NYSE:AIR - Get Free Report) last released its earnings results 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 business had revenue of $795.30 million during the quarter, compared to analyst estimates of $760.95 million. AAR had a net margin of 3.17% and a return on equity of 12.40%. The company's revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.90 earnings per share. Research analysts anticipate that AAR Corp. will post 3.77 EPS for the current fiscal year.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. Osterweis Capital Management Inc. purchased a new stake in shares of AAR in the 2nd quarter valued at approximately $26,000. Morse Asset Management Inc purchased a new stake in AAR in the third quarter valued at approximately $27,000. Salomon & Ludwin LLC acquired a new position in AAR during the third quarter worth $30,000. Optiver Holding B.V. purchased a new position in shares of AAR during the third quarter worth $31,000. Finally, Westfuller Advisors LLC purchased a new stake in shares of AAR in the 3rd quarter valued at $39,000. Institutional investors and hedge funds own 90.74% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on AIR shares. Royal Bank Of Canada upped their price target on AAR from $90.00 to $105.00 and gave the company an "outperform" rating in a research report on Wednesday, January 7th. Wall Street Zen upgraded AAR from a "hold" rating to a "buy" rating in a report on Saturday, January 3rd. Zacks Research raised AAR from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 9th. KeyCorp boosted their price target on shares of AAR from $93.00 to $109.00 and gave the company an "overweight" rating in a research report on Wednesday. Finally, Jefferies Financial Group set a $112.00 price objective on shares of AAR and gave the company a "buy" rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $108.25.
Read Our Latest Report on AAR
AAR Company Profile
(
Get Free Report)
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.
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