Key Points
- CEO John Mcclain Holmes III sold 10,000 shares on Feb. 3 at an average of $108.44 (≈$1.08M), cutting his stake by 4.05% to 237,064 shares valued at about $25.7M.
- He has been selling repeatedly since November, disposing of roughly 128,288 shares across six transactions for approximately $11.8M in total proceeds.
- AAR beat recent quarterly expectations (EPS $1.18 vs. $1.02; revenue $795.3M, +15.9% YoY), trades near its 12‑month high (~$110) and has a MarketBeat consensus rating of "Moderate Buy" with a $110.80 target.
AAR Corp. (NYSE:AIR - Get Free Report) CEO John Mcclain Holmes III sold 10,000 shares of the company's stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $108.44, for a total value of $1,084,400.00. Following the completion of the transaction, the chief executive officer owned 237,064 shares of the company's stock, valued at $25,707,220.16. The trade was a 4.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
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 transaction of $1,662,221.86.
- On Wednesday, January 14th, John Mcclain Holmes III sold 9,947 shares of AAR stock. The shares were sold at an average price of $99.41, for a total transaction of $988,831.27.
- 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 transaction of $2,925,000.00.
- On Friday, January 2nd, John Mcclain Holmes III sold 23,077 shares of AAR stock. The stock was sold at an average price of $84.12, for a total transaction of $1,941,237.24.
- On Wednesday, November 5th, John Mcclain Holmes III sold 38,462 shares of AAR stock. The shares were sold at an average price of $83.50, for a total transaction of $3,211,577.00.
AAR Stock Performance
NYSE:AIR opened at $109.80 on Wednesday. AAR Corp. has a 12-month low of $46.51 and a 12-month high of $110.01. The company has a quick ratio of 1.31, a current ratio of 2.84 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $4.34 billion, a PE ratio of 43.06 and a beta of 1.23. The firm has a 50-day moving average price of $91.46 and a 200 day moving average price of $83.47.
AAR (NYSE:AIR - Get Free Report) last released its quarterly earnings data on Tuesday, January 6th. The aerospace company reported $1.18 earnings per share for the quarter, beating analysts' consensus estimates of $1.02 by $0.16. AAR had a return on equity of 12.40% and a net margin of 3.17%.The company had revenue of $795.30 million for the quarter, compared to the consensus estimate of $760.95 million. During the same period in the previous year, the business earned $0.90 earnings per share. The company's quarterly revenue was up 15.9% on a year-over-year basis. Research analysts anticipate that AAR Corp. will post 3.77 earnings per share for the current fiscal year.
Institutional Trading of AAR
Several hedge funds have recently modified their holdings of the stock. Osterweis Capital Management Inc. acquired a new stake in shares of AAR in the second quarter valued at approximately $26,000. Morse Asset Management Inc bought a new position in AAR in the 3rd quarter valued at $27,000. NBC Securities Inc. acquired a new stake in shares of AAR in the 4th quarter valued at $28,000. Danske Bank A S bought a new stake in shares of AAR during the fourth quarter worth $28,000. Finally, Salomon & Ludwin LLC bought a new stake in shares of AAR during the third quarter worth $30,000. 90.74% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on AIR shares. Wall Street Zen upgraded AAR from a "hold" rating to a "buy" rating in a research report on Saturday, January 3rd. Zacks Research raised shares of AAR from a "hold" rating to a "strong-buy" rating in a report on Friday, January 9th. Royal Bank Of Canada increased their target price on shares of AAR from $90.00 to $105.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 7th. Weiss Ratings reissued a "hold (c-)" rating on shares of AAR in a report on Monday, December 29th. Finally, The Goldman Sachs Group began coverage on shares of AAR in a research note on Monday, January 26th. They set a "neutral" rating and a $121.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $110.80.
Check Out Our Latest Analysis on AIR
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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