AAR (NYSE:AIR) Director Ellen Lord Sells 4,341 Shares of Stock

AAR Corp. (NYSE:AIR) Director Ellen Lord sold 4,341 shares of the business’s stock in a transaction dated Thursday, October 29th. The stock was sold at an average price of $104.64, for a total transaction of $454,242.24. Following the transaction, the director owned 5,814 shares in the company, valued at $608,376.96. The trade was a 42.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

AAR Stock Up 3.7%

Shares of NYSE AIR opened at $104.58 on Friday. The stock has a market cap of $4.20 billion, a PE ratio of 21.43 and a beta of 1.13. The company has a current ratio of 2.83, a quick ratio of 1.28 and a debt-to-equity ratio of 0.50. AAR Corp. has a 12-month low of $76.10 and a 12-month high of $154.00. The company has a 50-day moving average of $113.38 and a 200 day moving average of $118.40.

AAR (NYSE:AIR) last released its earnings results on Monday, September 28th. The aerospace company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.19. The business had revenue of $918.00 million for the quarter, compared to analyst estimates of $878.81 million. AAR had a net margin of 5.55% and a return on equity of 12.99%. The business’s revenue was up 24.1% on a year-over-year basis. During the same period last year, the company posted $1.08 EPS. As a group, sell-side analysts predict that AAR Corp. will post 5.89 EPS for the current fiscal year.

Institutional Trading of AAR

Several institutional investors have recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. acquired a new stake in AAR during the first quarter worth $25,000. Global Retirement Partners LLC purchased a new stake in AAR in the second quarter valued at $39,000. Optiver Holding B.V. raised its position in AAR by 218.6% in the first quarter. Optiver Holding B.V. now owns 274 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 188 shares during the period. Nykredit A S acquired a new position in shares of AAR in the 2nd quarter valued at $63,000. Finally, Farther Finance Advisors LLC lifted its stake in shares of AAR by 191.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 495 shares of the aerospace company’s stock valued at $50,000 after purchasing an additional 325 shares during the last quarter. Hedge funds and other institutional investors own 90.74% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on AIR. Truist Financial lifted their price objective on AAR from $128.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. Guggenheim restated a “neutral” rating on shares of AAR in a report on Tuesday, September 29th. Jefferies Financial Group raised their target price on AAR from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, September 29th. KeyCorp reiterated a “sector weight” rating on shares of AAR in a report on Wednesday, July 22nd. Finally, Weiss Ratings lowered AAR from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, September 25th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, AAR currently has a consensus rating of “Moderate Buy” and a consensus price target of $140.60.

AAR Company Profile

AAR Corp. (NYSE: AIR) is a global aviation services company that provides products and support to commercial airlines, government agencies and defense customers. Its offerings include aircraft parts and supply-chain management, component repair and overhaul, airframe maintenance, engineering services, fleet management and expeditionary logistics.

The company operates through businesses that support the maintenance and operation of aircraft throughout their life cycles. AAR distributes aviation parts and manages inventory, performs maintenance, repair and overhaul services for airframes and aircraft components, and provides logistics and aftermarket support for commercial and government fleets.

Founded in 1955, AAR is headquartered in Wood Dale, Illinois, and serves customers across North America and international markets.