John Mcclain Holmes III Sells 5,000 Shares of AAR Corp. (NYSE:AIR) Stock

AAR Corp. (NYSE:AIR) CEO John Mcclain Holmes III sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $70.81, for a total transaction of $354,050.00. Following the transaction, the chief executive officer now directly owns 341,680 shares in the company, valued at $24,194,360.80. This represents a 1.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

John Mcclain Holmes III also recently made the following trade(s):

• On Friday, January 10th, John Mcclain Holmes III sold 128,427 shares of AAR stock. The stock was sold at an average price of $66.76, for a total value of $8,573,786.52.

AAR Stock Performance

AAR stock opened at $71.19 on Thursday. The company has a quick ratio of 1.27, a current ratio of 2.68 and a debt-to-equity ratio of 0.84. The stock has a market cap of $2.56 billion, a PE ratio of 254.27 and a beta of 1.61. AAR Corp. has a 12-month low of $54.71 and a 12-month high of $76.34. The business’s 50-day moving average price is $65.97 and its two-hundred day moving average price is $65.17.

AAR (NYSE:AIR) last released its quarterly earnings data on Tuesday, January 7th. The aerospace company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.07. The business had revenue of $686.10 million during the quarter, compared to analysts’ expectations of $654.47 million. AAR had a net margin of 0.41% and a return on equity of 10.46%. The firm’s quarterly revenue was up 25.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.81 EPS. As a group, analysts expect that AAR Corp. will post 3.77 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AIR. Earnest Partners LLC raised its position in AAR by 3.2% in the second quarter. Earnest Partners LLC now owns 1,588,893 shares of the aerospace company’s stock valued at $115,513,000 after purchasing an additional 48,630 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of AAR by 13.4% in the third quarter. Franklin Resources Inc. now owns 969,741 shares of the aerospace company’s stock valued at $59,591,000 after buying an additional 114,460 shares during the period. Geode Capital Management LLC raised its holdings in AAR by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 796,962 shares of the aerospace company’s stock valued at $52,101,000 after buying an additional 27,747 shares during the last quarter. Loomis Sayles & Co. L P boosted its position in AAR by 20.5% during the 3rd quarter. Loomis Sayles & Co. L P now owns 790,267 shares of the aerospace company’s stock worth $51,652,000 after buying an additional 134,215 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its holdings in AAR by 32.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 732,957 shares of the aerospace company’s stock worth $47,906,000 after acquiring an additional 181,518 shares during the last quarter. 90.74% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AIR has been the subject of a number of recent analyst reports. Benchmark reiterated a “buy” rating and set a $83.00 target price on shares of AAR in a research report on Friday, October 4th. Royal Bank of Canada reiterated an “outperform” rating and set a $75.00 price objective on shares of AAR in a research note on Monday, November 4th. KeyCorp assumed coverage on shares of AAR in a research report on Thursday, January 16th. They issued an “overweight” rating and a $83.00 target price for the company. Finally, StockNews.com raised shares of AAR from a “sell” rating to a “hold” rating in a report on Friday, January 17th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average 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.