Key Points
- Director Ellen Lord sold 4,341 AAR shares at an average price of $104.64, generating $454,242.24 and reducing her direct ownership by 42.75% to 5,814 shares.
- AAR reported strong quarterly results, with earnings of $1.49 per share versus the $1.30 consensus estimate and revenue of $918 million, up 24.1% year over year.
- Analysts maintain a “Moderate Buy” consensus with an average price target of $140.60, while institutional investors own 90.74% of AAR’s outstanding shares.
AAR Corp. (NYSE:AIR - Get Free Report) Director Ellen Lord sold 4,341 shares of the stock in a transaction dated Thursday, October 29th. The stock was sold at an average price of $104.64, for a total transaction of $454,242.24. Following the transaction, the director directly owned 5,814 shares of the company's stock, valued at approximately $608,376.96. This trade represents a 42.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
AAR Price Performance
Shares of AIR opened at $104.58 on Friday. The firm has a 50-day simple moving average of $113.38 and a two-hundred day simple moving average of $118.40. The stock has a market cap of $4.20 billion, a PE ratio of 21.43 and a beta of 1.13. AAR Corp. has a 1-year low of $76.10 and a 1-year high of $154.00. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.83 and a quick ratio of 1.28.
AAR (NYSE:AIR - Get Free Report) last issued its quarterly earnings data on Monday, September 28th. The aerospace company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.30 by $0.19. The firm had revenue of $918.00 million for the quarter, compared to analyst estimates of $878.81 million. AAR had a net margin of 5.55% and a return on equity of 12.99%. The business's revenue for the quarter was up 24.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.08 EPS. As a group, analysts forecast that AAR Corp. will post 5.89 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the company. Guggenheim reaffirmed a "neutral" rating on shares of AAR in a research note on Tuesday, September 29th. Royal Bank Of Canada reissued an "outperform" rating and set a $145.00 target price on shares of AAR in a research note on Monday, September 28th. KeyCorp reissued a "sector weight" rating on shares of AAR in a research note on Wednesday, July 22nd. Weiss Ratings cut AAR from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday, September 25th. Finally, Truist Financial lifted their target price on AAR from $128.00 to $145.00 and gave the company a "buy" rating in a research report on Monday, July 27th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, AAR presently has an average rating of "Moderate Buy" and a consensus target price of $140.60.
Get Our Latest Stock Report on AIR
Institutional Investors Weigh In On AAR
Several large investors have recently added to or reduced their stakes in the business. Whittier Trust Co. of Nevada Inc. acquired a new stake in AAR during the 1st quarter worth approximately $25,000. Global Retirement Partners LLC purchased a new position in AAR in the 2nd quarter valued at approximately $39,000. Optiver Holding B.V. boosted its position in AAR by 218.6% in the 1st quarter. Optiver Holding B.V. now owns 274 shares of the aerospace company's stock valued at $30,000 after buying an additional 188 shares during the period. Nykredit A S acquired a new position in shares of AAR in the second quarter worth $63,000. Finally, Farther Finance Advisors LLC grew its stake in shares of AAR by 191.2% in the third quarter. Farther Finance Advisors LLC now owns 495 shares of the aerospace company's stock worth $50,000 after acquiring an additional 325 shares in the last quarter. 90.74% of the stock is owned by hedge funds and other institutional investors.
About AAR
(
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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