AAR Corp. (NYSE:AIR) CAO Sells 1,500 Shares

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

AAR Price Performance

NYSE:AIR opened at $67.59 on Friday. AAR Corp. has a 12-month low of $54.71 and a 12-month high of $76.34. The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of 37.14 and a beta of 1.61. The stock’s 50 day moving average price is $64.86 and its two-hundred day moving average price is $65.31. 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) last announced its 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 the consensus estimate of $654.47 million. AAR had a net margin of 2.67% and a return on equity of 10.22%. AAR’s revenue was up 25.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.81 EPS. On average, analysts anticipate that AAR Corp. will post 3.63 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AIR has been the topic of several research analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $75.00 price objective on shares of AAR in a research note on Monday, November 4th. Benchmark reaffirmed a “buy” rating and set a $83.00 price target on shares of AAR in a research report on Friday, October 4th. Finally, StockNews.com lowered AAR from a “hold” rating to a “sell” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $81.00.

Institutional Investors Weigh In On AAR

Hedge funds and other institutional investors have recently made changes to their positions in the business. Earnest Partners LLC increased its position in shares of AAR by 3.2% in the second quarter. Earnest Partners LLC now owns 1,588,893 shares of the aerospace company’s stock worth $115,513,000 after purchasing an additional 48,630 shares during the period. Westwood Holdings Group Inc. acquired a new stake in AAR during the second quarter worth about $77,754,000. Franklin Resources Inc. increased its holdings in AAR by 13.4% in the 3rd 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. American Century Companies Inc. raised its position in shares of AAR by 1,956.5% in the 2nd quarter. American Century Companies Inc. now owns 909,953 shares of the aerospace company’s stock valued at $66,154,000 after buying an additional 865,705 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of AAR by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 796,962 shares of the aerospace company’s stock worth $52,101,000 after acquiring an additional 27,747 shares during the period. 90.74% of the stock is currently owned by institutional investors and hedge funds.

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.