Jessica A. Garascia Sells 1,500 Shares of AAR Corp. (NYSE:AIR) Stock

AAR Corp. (NYSE:AIR) CAO Jessica A. Garascia sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $66.90, for a total transaction of $100,350.00. Following the completion of the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

AAR Stock Up 0.7 %

Shares of AIR opened at $67.59 on Friday. The company has a market capitalization of $2.43 billion, a PE ratio of 37.14 and a beta of 1.61. The stock’s 50-day moving average price is $65.04 and its two-hundred day moving average price is $65.25. The company has a current ratio of 3.06, a quick ratio of 1.45 and a debt-to-equity ratio of 0.81. AAR Corp. has a 12 month low of $54.71 and a 12 month high of $76.34.

AAR (NYSE:AIR) last announced its earnings results on Tuesday, January 7th. The aerospace company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.83 by $0.07. The business had revenue of $686.10 million for the quarter, compared to analysts’ expectations of $654.47 million. AAR had a return on equity of 10.22% and a net margin of 2.67%. The firm’s revenue was up 25.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.81 earnings per share. On average, analysts anticipate that AAR Corp. will post 3.63 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AIR. Royal Bank of Canada reissued an “outperform” rating and set a $75.00 price objective on shares of AAR in a report on Monday, November 4th. StockNews.com cut AAR from a “hold” rating to a “sell” rating in a report on Thursday. Finally, Benchmark reiterated a “buy” rating and issued a $83.00 price objective on shares of AAR in a report on Friday, October 4th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.00.

Hedge Funds Weigh In On AAR

A number of hedge funds have recently bought and sold shares of the company. Amalgamated Bank grew its holdings in AAR by 1.7% during the 3rd quarter. Amalgamated Bank now owns 10,319 shares of the aerospace company’s stock worth $674,000 after acquiring an additional 177 shares during the period. Captrust Financial Advisors grew its stake in AAR by 5.3% during the third quarter. Captrust Financial Advisors now owns 3,537 shares of the aerospace company’s stock worth $231,000 after purchasing an additional 177 shares during the period. HighTower Advisors LLC increased its holdings in AAR by 6.1% in the third quarter. HighTower Advisors LLC now owns 3,818 shares of the aerospace company’s stock worth $249,000 after purchasing an additional 220 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in AAR by 43.0% in the second quarter. EverSource Wealth Advisors LLC now owns 778 shares of the aerospace company’s stock valued at $57,000 after buying an additional 234 shares during the period. Finally, Truist Financial Corp boosted its holdings in shares of AAR by 3.4% during the 2nd quarter. Truist Financial Corp now owns 9,040 shares of the aerospace company’s stock worth $657,000 after buying an additional 296 shares in the last quarter. Institutional investors own 90.74% of the company’s stock.

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.