Insider Selling: AAR Corp. (NYSE:AIR) CAO Sells 1,500 Shares of Stock

AAR Corp. (NYSE:AIR - Get Free Report) CAO Jessica A. Garascia sold 1,500 shares of the firm's stock in a transaction on Friday, January 10th. The shares were sold at an average price of $66.90, for a total value of $100,350.00. Following the completion of the sale, the chief accounting officer now owns 37,565 shares in the company, valued at approximately $2,513,098.50. This represents a 3.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

AAR Stock Up 0.7 %

AAR stock traded up $0.50 during trading on Friday, reaching $67.59. 675,419 shares of the company's stock were exchanged, compared to its average volume of 467,920. The company's 50-day moving average is $64.86 and its two-hundred day moving average is $65.31. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.45 and a current ratio of 3.06. AAR Corp. has a 52-week low of $54.71 and a 52-week high of $76.34. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of 37.14 and a beta of 1.61.

AAR (NYSE:AIR - Get Free Report) last posted its quarterly earnings data on Tuesday, January 7th. The aerospace company reported $0.90 earnings per share for the quarter, beating analysts' consensus estimates of $0.83 by $0.07. AAR had a net margin of 2.67% and a return on equity of 10.22%. The company had revenue of $686.10 million during the quarter, compared to analysts' expectations of $654.47 million. During the same period in the prior year, the company posted $0.81 EPS. The firm's revenue for the quarter was up 25.8% on a year-over-year basis. On average, analysts predict that AAR Corp. will post 3.63 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on AIR shares. Royal Bank of Canada restated an "outperform" rating and issued a $75.00 price target on shares of AAR in a research report on Monday, November 4th. StockNews.com cut AAR from a "hold" rating to a "sell" rating in a research report on Thursday. Finally, Benchmark restated a "buy" rating and issued a $83.00 price target on shares of AAR in a research report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $81.00.

Institutional Investors Weigh In On AAR

Large investors have recently made changes to their positions in the company. Earnest Partners LLC increased its stake in shares of AAR by 3.2% during the second quarter. Earnest Partners LLC now owns 1,588,893 shares of the aerospace company's stock valued at $115,513,000 after acquiring an additional 48,630 shares during the period. Westwood Holdings Group Inc. bought a new stake in AAR during the second quarter worth approximately $77,754,000. Franklin Resources Inc. boosted its holdings in AAR by 13.4% during the third quarter. Franklin Resources Inc. now owns 969,741 shares of the aerospace company's stock worth $59,591,000 after buying an additional 114,460 shares in the last quarter. American Century Companies Inc. boosted its holdings in AAR by 1,956.5% during the second quarter. American Century Companies Inc. now owns 909,953 shares of the aerospace company's stock worth $66,154,000 after buying an additional 865,705 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in AAR by 3.6% during the third quarter. Geode Capital Management LLC now owns 796,962 shares of the aerospace company's stock worth $52,101,000 after buying an additional 27,747 shares in the last quarter. Institutional investors and hedge funds own 90.74% of the company's stock.

AAR Company Profile

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.