Insider Selling: AAR Corp. (NYSE:AIR) SVP Sells 33,481 Shares of Stock

AAR Corp. (NYSE:AIR - Get Free Report) SVP Christopher A. Jessup sold 33,481 shares of the firm's stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $70.40, for a total transaction of $2,357,062.40. Following the transaction, the senior vice president now owns 63,209 shares of the company's stock, valued at $4,449,913.60. This trade represents a 34.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

AAR Stock Down 0.5 %

Shares of NYSE:AIR traded down $0.36 during midday trading on Friday, reaching $70.25. The company had a trading volume of 165,600 shares, compared to its average volume of 262,787. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.68 and a quick ratio of 1.45. The stock's fifty day moving average price is $65.77 and its 200-day moving average price is $65.22. The stock has a market capitalization of $2.52 billion, a P/E ratio of 250.91 and a beta of 1.61. AAR Corp. has a one year low of $54.71 and a one year high of $76.34.

AAR (NYSE:AIR - Get Free Report) last released its quarterly earnings results on Tuesday, January 7th. The aerospace company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.83 by $0.07. The business had revenue of $686.10 million during the quarter, compared to analyst estimates of $654.47 million. AAR had a net margin of 0.41% and a return on equity of 10.46%. The company's quarterly revenue was up 25.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.81 earnings per share. Equities research analysts expect that AAR Corp. will post 3.75 earnings per share for the current fiscal year.

Institutional Investors Weigh In On AAR

Several institutional investors have recently bought and sold shares of the stock. Inspire Investing LLC lifted its holdings in AAR by 3.3% in the fourth quarter. Inspire Investing LLC now owns 6,505 shares of the aerospace company's stock worth $399,000 after purchasing an additional 205 shares during the period. SG Americas Securities LLC acquired a new stake in AAR in the 4th quarter valued at about $1,539,000. Sheets Smith Wealth Management lifted its holdings in AAR by 3.2% in the 4th quarter. Sheets Smith Wealth Management now owns 7,015 shares of the aerospace company's stock valued at $430,000 after acquiring an additional 220 shares during the last quarter. ZWJ Investment Counsel Inc. acquired a new stake in AAR in the 4th quarter valued at about $203,000. Finally, Shelton Wealth Management LLC acquired a new stake in AAR in the 4th quarter valued at about $1,068,000. Institutional investors and hedge funds own 90.74% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. KeyCorp assumed coverage on shares of AAR in a research report on Thursday. They issued an "overweight" rating and a $83.00 target price on the stock. Benchmark reissued a "buy" rating and issued a $83.00 target price on shares of AAR in a research report on Friday, October 4th. StockNews.com raised shares of AAR from a "sell" rating to a "hold" rating in a research report on Friday. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $75.00 target price on shares of AAR in a research report on Monday, November 4th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $81.50.

About AAR

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. The Parts Supply segment leases and sells aircraft components and replacement parts. The Repair & Engineering segment provides airframe maintenance services, such as airframe inspection, painting, line maintenance, airframe modification, structural repair, avionics service and installation, exterior and interior refurbishment, and engineering and support services; component repair services comprising maintenance, repair, and overhaul (MRO) services, engine and airframe accessories, and interior refurbishment; and landing gear overhaul services, including repair services on wheels and brakes.