AAR Corp. (NYSE:AIR - Get Free Report) CEO John Holmes, III sold 35,000 shares of the firm's stock in a transaction dated Monday, October 26th. The stock was sold at an average price of $97.41, for a total value of $3,409,350.00. Following the sale, the chief executive officer directly owned 406,362 shares in the company, valued at approximately $39,583,722.42. This represents a 7.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
AAR Trading Up 0.9%
NYSE:AIR opened at $101.02 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.83 and a quick ratio of 1.28. The business's 50-day simple moving average is $114.08 and its 200-day simple moving average is $118.36. AAR Corp. has a fifty-two week low of $76.10 and a fifty-two week high of $154.00. The stock has a market capitalization of $4.06 billion, a PE ratio of 20.70 and a beta of 1.13.
AAR (NYSE:AIR - Get Free Report) last posted its earnings results on Monday, September 28th. The aerospace company reported $1.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.30 by $0.19. AAR had a return on equity of 12.99% and a net margin of 5.55%. The business had revenue of $918.00 million during the quarter, compared to analysts' expectations of $878.81 million. During the same period in the prior year, the business earned $1.08 EPS. AAR's revenue for the quarter was up 24.1% compared to the same quarter last year. Sell-side analysts expect that AAR Corp. will post 5.89 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the company. Choreo LLC boosted its position in AAR by 20.9% during the 3rd quarter. Choreo LLC now owns 2,104 shares of the aerospace company's stock worth $213,000 after acquiring an additional 363 shares during the last quarter. Park Avenue Securities LLC grew its stake in shares of AAR by 9.4% during the 3rd quarter. Park Avenue Securities LLC now owns 5,405 shares of the aerospace company's stock worth $548,000 after acquiring an additional 463 shares in the last quarter. Signaturefd LLC grew its stake in shares of AAR by 58.4% during the 3rd quarter. Signaturefd LLC now owns 616 shares of the aerospace company's stock worth $63,000 after acquiring an additional 227 shares in the last quarter. Fifth Third Wealth Advisors LLC bought a new position in shares of AAR during the 3rd quarter worth approximately $245,000. Finally, Sterling Capital Management LLC raised its holdings in shares of AAR by 842.9% in the third quarter. Sterling Capital Management LLC now owns 1,320 shares of the aerospace company's stock valued at $134,000 after purchasing an additional 1,180 shares during the last quarter. 90.74% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on AIR shares. KeyCorp reiterated a "sector weight" rating on shares of AAR in a report on Wednesday, July 22nd. Truist Financial increased their price objective on shares of AAR from $128.00 to $145.00 and gave the stock a "buy" rating in a research report on Monday, July 27th. Guggenheim restated a "neutral" rating on shares of AAR in a report on Tuesday, September 29th. Wall Street Zen raised shares of AAR from a "hold" rating to a "buy" rating in a research report on Saturday, October 3rd. Finally, Weiss Ratings cut shares of AAR from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, September 25th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $140.60.
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About AAR
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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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