Key Points
- CEO John Mcclain Holmes III sold 26,175 shares on March 27 at an average price of $107.60 for about $2.82 million, trimming his holding to 235,064 shares (a 10.02% reduction) as disclosed in an SEC filing.
- The March sale is part of a string of insider dispositions since January—including a 60,000-share sale on March 26—totaling roughly $18.2 million in disclosed sales by Holmes over the period.
- AAR recently beat estimates with $1.25 EPS and $845.1 million in revenue (up 24.6% YoY), and Wall Street consensus is a “Moderate Buy” with an average price target of $128.80.
AAR Corp. (NYSE:AIR - Get Free Report) CEO John Mcclain Holmes III sold 26,175 shares of the company's stock in a transaction dated Friday, March 27th. The stock was sold at an average price of $107.60, for a total value of $2,816,430.00. Following the sale, the chief executive officer owned 235,064 shares of the company's stock, valued at approximately $25,292,886.40. This trade represents a 10.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
John Mcclain Holmes III also recently made the following trade(s):
- On Thursday, March 26th, John Mcclain Holmes III sold 60,000 shares of AAR stock. The shares were sold at an average price of $112.41, for a total value of $6,744,600.00.
- On Tuesday, February 3rd, John Mcclain Holmes III sold 10,000 shares of AAR stock. The stock was sold at an average price of $108.44, for a total value of $1,084,400.00.
- 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 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 value 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.
AAR Price Performance
Shares of AAR stock opened at $109.69 on Friday. The company has a current ratio of 2.70, a quick ratio of 1.23 and a debt-to-equity ratio of 0.54. The firm has a fifty day simple moving average of $110.53 and a 200-day simple moving average of $93.82. The stock has a market capitalization of $4.36 billion, a price-to-earnings ratio of 24.32 and a beta of 1.20. AAR Corp. has a 1-year low of $46.51 and a 1-year high of $122.97.
AAR (NYSE:AIR - Get Free Report) last announced its earnings results on Tuesday, March 24th. The aerospace company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.21 by $0.04. The firm had revenue of $845.10 million for the quarter, compared to the consensus estimate of $812.58 million. AAR had a net margin of 5.46% and a return on equity of 12.39%. The business's quarterly revenue was up 24.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.99 EPS. On average, sell-side analysts expect that AAR Corp. will post 3.77 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on AIR. The Goldman Sachs Group began coverage on AAR in a research report on Monday, January 26th. They set a "neutral" rating and a $121.00 price objective for the company. Jefferies Financial Group raised their target price on AAR to $150.00 and gave the company a "buy" rating in a report on Tuesday, March 24th. Wall Street Zen upgraded AAR from a "hold" rating to a "buy" rating in a report on Saturday, February 21st. Truist Financial reissued a "buy" rating and issued a $128.00 price objective (up from $107.00) on shares of AAR in a research report on Friday, March 6th. Finally, Zacks Research downgraded shares of AAR from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 16th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, AAR currently has an average rating of "Moderate Buy" and an average price target of $128.80.
View Our Latest Stock Analysis on AIR
Institutional Investors Weigh In On AAR
Institutional investors have recently added to or reduced their stakes in the company. McMillan Office Inc. bought a new position in AAR during the fourth quarter valued at about $25,000. Osterweis Capital Management Inc. bought a new stake in shares of AAR in the 2nd quarter worth approximately $26,000. Morse Asset Management Inc acquired a new stake in shares of AAR during the 3rd quarter worth approximately $27,000. NBC Securities Inc. acquired a new stake in shares of AAR during the 4th quarter worth approximately $28,000. Finally, Danske Bank A S bought a new stake in shares of AAR during the fourth quarter valued at approximately $28,000. 90.74% of the stock is owned by institutional investors and hedge funds.
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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