AAR (NYSE:AIR) CEO Sells $2,816,430.00 in Stock

AAR Corp. (NYSE:AIR) CEO John Mcclain Holmes III sold 26,175 shares of the business’s stock in a transaction on Friday, March 27th. The stock was sold at an average price of $107.60, for a total transaction of $2,816,430.00. Following the completion of the sale, the chief executive officer directly owned 235,064 shares in the company, valued at approximately $25,292,886.40. This represents a 10.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Thursday, March 26th, John Mcclain Holmes III sold 60,000 shares of AAR stock. The stock was sold at an average price of $112.41, for a total value of $6,744,600.00.
• On Tuesday, February 3rd, John Mcclain Holmes III sold 10,000 shares of AAR stock. The stock was sold at an average price of $108.44, for a total value of $1,084,400.00.
• On Tuesday, January 13th, John Mcclain Holmes III sold 16,802 shares of AAR stock. The stock was sold at an average price of $98.93, for a total transaction of $1,662,221.86.
• On Wednesday, January 14th, John Mcclain Holmes III sold 9,947 shares of AAR stock. The shares were sold at an average price of $99.41, for a total transaction of $988,831.27.
• On Monday, January 12th, John Mcclain Holmes III sold 30,000 shares of AAR stock. The shares were sold at an average price of $97.50, for a total transaction 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.

AAR Trading Down 0.6%

AAR stock traded down $0.61 during trading hours on Thursday, reaching $110.76. 42,158 shares of the company’s stock were exchanged, compared to its average volume of 542,267. The firm’s 50 day simple moving average is $110.49 and its 200 day simple moving average is $93.71. AAR Corp. has a twelve month low of $46.51 and a twelve month high of $122.97. The company has a quick ratio of 1.23, a current ratio of 2.70 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $4.40 billion, a PE ratio of 24.56 and a beta of 1.20.

AAR (NYSE:AIR) last announced its quarterly earnings data on Tuesday, March 24th. The aerospace company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.04. AAR had a return on equity of 12.39% and a net margin of 5.46%.The company had revenue of $845.10 million for the quarter, compared to the consensus estimate of $812.58 million. During the same period in the previous year, the business earned $0.99 EPS. The firm’s revenue was up 24.6% compared to the same quarter last year. Research analysts predict that AAR Corp. will post 3.77 earnings per share for the current year.

Hedge Funds Weigh In On AAR

Institutional investors have recently modified their holdings of the company. Lido Advisors LLC lifted its holdings in shares of AAR by 2.8% in the 4th quarter. Lido Advisors LLC now owns 3,618 shares of the aerospace company’s stock worth $318,000 after purchasing an additional 98 shares in the last quarter. Smartleaf Asset Management LLC grew its position in AAR by 12.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,162 shares of the aerospace company’s stock valued at $97,000 after purchasing an additional 126 shares during the period. Arizona State Retirement System increased its stake in AAR by 1.4% during the 3rd 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 in the last quarter. CWM LLC increased its stake in AAR by 19.3% during the 4th quarter. CWM LLC now owns 950 shares of the aerospace company’s stock valued at $79,000 after purchasing an additional 154 shares in the last quarter. Finally, Captrust Financial Advisors raised its holdings in AAR by 5.2% during the fourth quarter. Captrust Financial Advisors now owns 3,395 shares of the aerospace company’s stock worth $281,000 after buying an additional 168 shares during the last quarter. 90.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on AIR shares. Wall Street Zen raised shares of AAR from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Truist Financial reiterated a “buy” rating and set a $128.00 target price (up from $107.00) on shares of AAR in a research report on Friday, March 6th. Zacks Research lowered shares of AAR from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. KeyCorp raised their price target on shares of AAR from $109.00 to $120.00 and gave the stock an “overweight” rating in a report on Wednesday, March 25th. Finally, Weiss Ratings raised shares of AAR from a “hold (c+)” rating to a “buy (b)” rating in a research note on Friday, March 27th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $128.80.

AAR Company Profile

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.