AAR Corp. (NYSE:AIR - Get Free Report) Director Ellen Lord sold 4,241 shares of the business's stock in a transaction that occurred on Tuesday, October 20th. The shares were sold at an average price of $100.24, for a total transaction of $425,117.84. Following the sale, the director owned 10,155 shares in the company, valued at $1,017,937.20. This represents a 29.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
AAR Trading Down 3.0%
AAR stock opened at $96.61 on Friday. AAR Corp. has a 52 week low of $76.10 and a 52 week high of $154.00. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.28 and a current ratio of 2.83. The firm has a market capitalization of $3.88 billion, a price-to-earnings ratio of 19.80 and a beta of 1.13. The company has a 50 day moving average price of $117.70 and a 200 day moving average price of $122.90.
AAR (NYSE:AIR - Get Free Report) last issued its quarterly earnings results on Monday, September 28th. The aerospace company reported $1.49 earnings per share for the quarter, beating analysts' consensus estimates of $1.30 by $0.19. The business had revenue of $918.00 million for the quarter, compared to the consensus estimate of $878.81 million. AAR had a return on equity of 12.99% and a net margin of 5.55%. AAR's revenue for the quarter was up 24.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.08 earnings per share. Research analysts forecast that AAR Corp. will post 5.89 EPS for the current year.
Analysts Set New Price Targets
AIR has been the subject of a number of research analyst reports. Royal Bank Of Canada reissued an "outperform" rating and issued a $145.00 price target on shares of AAR in a research report on Monday, September 28th. Jefferies Financial Group boosted their price objective on shares of AAR from $155.00 to $160.00 and gave the company a "buy" rating in a research report on Tuesday, September 29th. Wall Street Zen upgraded shares of AAR from a "hold" rating to a "buy" rating in a research note on Saturday, October 3rd. Guggenheim reiterated a "neutral" rating on shares of AAR in a research report on Tuesday, September 29th. Finally, Weiss Ratings downgraded shares of AAR from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, September 25th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $140.60.
Read Our Latest Stock Report on AAR
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. acquired a new position in AAR in the 2nd quarter worth about $925,068,000. Principal Financial Group Inc. raised its stake in shares of AAR by 4.9% during the 1st quarter. Principal Financial Group Inc. now owns 675,686 shares of the aerospace company's stock worth $73,961,000 after purchasing an additional 31,583 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of AAR during the 2nd quarter worth about $84,251,000. Emerald Advisers LLC lifted its holdings in shares of AAR by 6.3% during the 1st quarter. Emerald Advisers LLC now owns 445,693 shares of the aerospace company's stock valued at $48,786,000 after buying an additional 26,223 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust lifted its holdings in shares of AAR by 10.9% during the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 280,257 shares of the aerospace company's stock valued at $30,677,000 after buying an additional 27,485 shares during the last quarter. Hedge funds and other institutional investors own 90.74% of the company's stock.
AAR Company Profile
(
Get Free Report)
AAR Corp. (NYSE: AIR) is a global aviation services company that provides products and support to commercial airlines, government agencies and defense customers. Its offerings include aircraft parts and supply-chain management, component repair and overhaul, airframe maintenance, engineering services, fleet management and expeditionary logistics.
The company operates through businesses that support the maintenance and operation of aircraft throughout their life cycles. AAR distributes aviation parts and manages inventory, performs maintenance, repair and overhaul services for airframes and aircraft components, and provides logistics and aftermarket support for commercial and government fleets.
Founded in 1955, AAR is headquartered in Wood Dale, Illinois, and serves customers across North America and international markets.
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