AAR Corp. (NYSE:AIR) CFO Sells $1,153,147.05 in Stock

AAR Corp. (NYSE:AIR) CFO Sean M. Gillen sold 17,385 shares of the firm’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $66.33, for a total value of $1,153,147.05. Following the sale, the chief financial officer now directly owns 72,326 shares of the company’s stock, valued at approximately $4,797,383.58. This represents a 19.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

AAR Trading Up 0.7 %

Shares of AAR stock opened at $67.59 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.45 and a current ratio of 3.06. The stock has a market capitalization of $2.43 billion, a P/E ratio of 37.14 and a beta of 1.61. AAR Corp. has a 52-week low of $54.71 and a 52-week high of $76.34. The stock’s 50-day simple moving average is $65.04 and its 200 day simple moving average is $65.25.

AAR (NYSE:AIR) last posted its quarterly earnings results on Tuesday, January 7th. The aerospace company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.07. The company had revenue of $686.10 million for the quarter, compared to analyst estimates of $654.47 million. AAR had a net margin of 2.67% and a return on equity of 10.22%. The company’s quarterly 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 earnings per share. As a group, research analysts anticipate that AAR Corp. will post 3.63 EPS for the current year.

Hedge Funds Weigh In On AAR

Large investors have recently made changes to their positions in the stock. Westwood Holdings Group Inc. purchased a new stake in AAR during the 2nd quarter worth about $77,754,000. American Century Companies Inc. lifted its holdings in shares of AAR by 1,956.5% in 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. Allspring Global Investments Holdings LLC boosted its position in shares of AAR by 32.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 732,957 shares of the aerospace company’s stock valued at $47,906,000 after acquiring an additional 181,518 shares during the period. Thrivent Financial for Lutherans grew its stake in AAR by 83.6% during the second quarter. Thrivent Financial for Lutherans now owns 297,482 shares of the aerospace company’s stock valued at $21,627,000 after acquiring an additional 135,445 shares in the last quarter. Finally, Loomis Sayles & Co. L P increased its holdings 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 acquiring an additional 134,215 shares during the period. 90.74% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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