Insider Selling: AAR Corp. (NYSE:AIR) CEO Sells 128,427 Shares of Stock

AAR Corp. (NYSE:AIR - Get Free Report) CEO John Mcclain Holmes III sold 128,427 shares of the business's stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $66.76, for a total value of $8,573,786.52. Following the completion of the sale, the chief executive officer now owns 346,680 shares in the company, valued at approximately $23,144,356.80. This trade represents a 27.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

AAR Stock Up 2.8 %

Shares of NYSE AIR traded up $1.91 during trading hours on Monday, hitting $69.63. The company had a trading volume of 467,764 shares, compared to its average volume of 467,895. The stock has a market capitalization of $2.50 billion, a P/E ratio of 38.26 and a beta of 1.61. AAR Corp. has a 1-year low of $54.71 and a 1-year high of $76.34. The firm's 50 day moving average is $65.04 and its 200-day moving average is $65.20. The company has a quick ratio of 1.45, a current ratio of 3.06 and a debt-to-equity ratio of 0.81.

AAR (NYSE:AIR - Get Free Report) last released its quarterly earnings data on Tuesday, January 7th. The aerospace company reported $0.90 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $654.47 million. During the same period in the previous year, the business earned $0.81 EPS. AAR's revenue for the quarter was up 25.8% compared to the same quarter last year. On average, analysts expect that AAR Corp. will post 3.63 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. National Bank of Canada FI bought a new position in AAR in the 3rd quarter valued at about $25,000. Quest Partners LLC bought a new position in AAR during the 2nd quarter worth $33,000. EverSource Wealth Advisors LLC lifted its holdings in shares of AAR by 43.0% during the second quarter. EverSource Wealth Advisors LLC now owns 778 shares of the aerospace company's stock worth $57,000 after buying an additional 234 shares in the last quarter. KBC Group NV grew its stake in shares of AAR by 32.9% in the third quarter. KBC Group NV now owns 1,324 shares of the aerospace company's stock valued at $87,000 after acquiring an additional 328 shares in the last quarter. Finally, L & S Advisors Inc bought a new position in AAR during the second quarter worth about $218,000. 90.74% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on AIR shares. Royal Bank of Canada reiterated an "outperform" rating and issued a $75.00 price objective on shares of AAR in a report on Monday, November 4th. StockNews.com lowered shares of AAR from a "hold" rating to a "sell" rating in a research note on Thursday. Finally, Benchmark restated a "buy" rating and set a $83.00 price objective on shares of AAR in a research note on Friday, October 4th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $81.00.

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.