John Mcclain Holmes III Sells 128,427 Shares of AAR Corp. (NYSE:AIR) Stock

AAR Corp. (NYSE:AIR) CEO John Mcclain Holmes III sold 128,427 shares of the firm’s stock in a transaction that occurred on 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 directly owns 346,680 shares in the company, valued at approximately $23,144,356.80. The trade was a 27.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

AAR Trading Up 2.8 %

Shares of AIR stock traded up $1.91 during trading hours on Monday, hitting $69.63. The company had a trading volume of 375,136 shares, compared to its average volume of 441,067. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.06 and a quick ratio of 1.45. The stock has a market capitalization of $2.50 billion, a PE ratio of 38.26 and a beta of 1.61. The company’s fifty day moving average is $65.04 and its 200 day moving average is $65.20. AAR Corp. has a fifty-two week low of $54.71 and a fifty-two week high of $76.34.

AAR (NYSE:AIR) last issued its quarterly earnings results 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. 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 prior year, the firm earned $0.81 earnings per share. The business’s revenue for the quarter was up 25.8% compared to the same quarter last year. Research analysts expect that AAR Corp. will post 3.63 earnings per share for the current fiscal year.

Institutional Trading of AAR

A number of hedge funds and other institutional investors have recently bought and sold shares of AIR. Principal Financial Group Inc. boosted its position in shares of AAR by 18.5% during the 3rd quarter. Principal Financial Group Inc. now owns 500,200 shares of the aerospace company’s stock worth $32,693,000 after acquiring an additional 77,974 shares in the last quarter. Barclays PLC boosted its holdings in AAR by 269.4% in the third quarter. Barclays PLC now owns 66,223 shares of the aerospace company’s stock valued at $4,328,000 after purchasing an additional 48,298 shares in the last quarter. Earnest Partners LLC increased its stake 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. Stifel Financial Corp raised its holdings in AAR by 4.1% during the third quarter. Stifel Financial Corp now owns 22,859 shares of the aerospace company’s stock worth $1,494,000 after purchasing an additional 893 shares in the last quarter. Finally, Resolute Capital Asset Partners LLC lifted its position in shares of AAR by 54.3% during the 2nd quarter. Resolute Capital Asset Partners LLC now owns 30,000 shares of the aerospace company’s stock worth $2,181,000 after buying an additional 10,562 shares during the last quarter. 90.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on the company. StockNews.com lowered AAR from a “hold” rating to a “sell” rating in a research note on Thursday. Royal Bank of Canada reiterated an “outperform” rating and set a $75.00 price target on shares of AAR in a research report on Monday, November 4th. Finally, Benchmark restated a “buy” rating and issued a $83.00 price objective on shares of AAR in a 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. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $81.00.

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.