John Mcclain Holmes III Sells 9,947 Shares of AAR (NYSE:AIR) Stock

AAR Corp. (NYSE:AIR) CEO John Mcclain Holmes III sold 9,947 shares of the company’s stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $99.41, for a total value of $988,831.27. Following the sale, the chief executive officer directly owned 237,064 shares of the company’s stock, valued at approximately $23,566,532.24. This represents a 4.03% 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.

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

• On Tuesday, January 13th, John Mcclain Holmes III sold 16,802 shares of AAR stock. The shares were sold at an average price of $98.93, for a total value of $1,662,221.86.
• On Monday, January 12th, John Mcclain Holmes III sold 30,000 shares of AAR stock. The stock was sold at an average price of $97.50, for a total value of $2,925,000.00.
• On Friday, January 2nd, John Mcclain Holmes III sold 23,077 shares of AAR stock. The shares were sold at an average price of $84.12, for a total transaction of $1,941,237.24.
• On Wednesday, November 5th, John Mcclain Holmes III sold 38,462 shares of AAR stock. The shares were sold at an average price of $83.50, for a total transaction of $3,211,577.00.

AAR Stock Performance

Shares of AIR stock traded up $4.60 during mid-day trading on Thursday, hitting $105.68. The stock had a trading volume of 295,040 shares, compared to its average volume of 897,560. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.84 and a quick ratio of 1.31. AAR Corp. has a fifty-two week low of $46.51 and a fifty-two week high of $105.57. The firm has a market cap of $4.18 billion, a PE ratio of 41.44 and a beta of 1.24. The company’s 50-day simple moving average is $84.38 and its 200-day simple moving average is $80.26.

AAR (NYSE:AIR) last released its quarterly earnings data on Tuesday, January 6th. The aerospace company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.16. The firm had revenue of $795.30 million during the quarter, compared to analysts’ expectations of $760.95 million. AAR had a return on equity of 12.40% and a net margin of 3.17%.AAR’s revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.90 earnings per share. Sell-side analysts anticipate that AAR Corp. will post 3.77 earnings per share for the current year.

Institutional Trading of AAR

Institutional investors and hedge funds have recently made changes to their positions in the stock. Smartleaf Asset Management LLC raised its stake in shares of AAR by 14.9% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,036 shares of the aerospace company’s stock valued at $91,000 after acquiring an additional 134 shares during the period. Sheets Smith Wealth Management raised its position in AAR by 1.9% in the second quarter. Sheets Smith Wealth Management now owns 7,416 shares of the aerospace company’s stock valued at $510,000 after purchasing an additional 135 shares during the period. Arizona State Retirement System raised its position in AAR by 1.4% in the third quarter. Arizona State Retirement System now owns 10,683 shares of the aerospace company’s stock valued at $958,000 after purchasing an additional 147 shares during the period. Amalgamated Bank lifted its stake in shares of AAR by 1.7% during the third quarter. Amalgamated Bank now owns 10,243 shares of the aerospace company’s stock worth $918,000 after purchasing an additional 175 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its position in shares of AAR by 4.4% in the second quarter. Teacher Retirement System of Texas now owns 5,482 shares of the aerospace company’s stock worth $377,000 after buying an additional 231 shares during the period. 90.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on AIR shares. KeyCorp boosted their price objective on shares of AAR from $93.00 to $109.00 and gave the stock an “overweight” rating in a report on Wednesday. Jefferies Financial Group set a $112.00 price target on AAR and gave the stock a “buy” rating in a research note on Thursday. Weiss Ratings restated a “hold (c-)” rating on shares of AAR in a report on Monday, December 29th. Zacks Research raised AAR from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 9th. Finally, Wall Street Zen upgraded AAR from a “hold” rating to a “buy” rating in a research report on Saturday, January 3rd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $108.25.

About AAR

AAR Corp. (NYSE: AIR) is a global provider of aviation products and services to commercial, government and defense customers. The company offers a comprehensive portfolio of maintenance, repair and overhaul (MRO) solutions, component repair and overhaul, and engineering services designed to support a wide variety of fixed-wing and rotary aircraft. Leveraging FAA and EASA certifications, AAR delivers turnkey maintenance programs and ad hoc repair services that enhance aircraft availability and reliability.

In its Aviation Supply Chain Services segment, AAR sources, stores and distributes parts for both commercial airlines and military operators.