Insider Selling: AAR (NYSE:AIR) CEO Sells 60,000 Shares of Stock

AAR Corp. (NYSE:AIR) CEO John Mcclain Holmes III sold 60,000 shares of AAR stock in a transaction that occurred on Thursday, March 26th. The shares were sold at an average price of $112.41, for a total transaction of $6,744,600.00. Following the completion of the transaction, the chief executive officer owned 235,064 shares of the company’s stock, valued at $26,423,544.24. This represents a 20.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Friday, March 27th, John Mcclain Holmes III sold 26,175 shares of AAR stock. The shares were sold at an average price of $107.60, for a total transaction of $2,816,430.00.
• 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 shares were sold at an average price of $98.93, for a total value 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 value of $988,831.27.
• 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 stock was sold at an average price of $84.12, for a total value of $1,941,237.24.

AAR Price Performance

AIR stock traded down $0.61 during mid-day trading on Thursday, reaching $110.76. 42,158 shares of the company traded hands, compared to its average volume of 542,267. The company has a fifty day moving average price of $110.49 and a 200-day moving average price of $93.71. AAR Corp. has a 52-week low of $46.51 and a 52-week high of $122.97. The company has a market capitalization of $4.40 billion, a P/E ratio of 24.51 and a beta of 1.20. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.70 and a quick ratio of 1.23.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. McMillan Office Inc. bought a new position in shares of AAR during the 4th quarter valued at $25,000. Osterweis Capital Management Inc. bought a new stake in AAR in the second quarter worth $26,000. Morse Asset Management Inc purchased a new stake in AAR during the third quarter valued at about $27,000. NBC Securities Inc. purchased a new stake in AAR during the fourth quarter valued at about $28,000. Finally, Danske Bank A S bought a new position in shares of AAR during the fourth quarter valued at about $28,000. 90.74% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AIR has been the subject of several recent analyst reports. Weiss Ratings raised AAR from a “hold (c+)” rating to a “buy (b)” rating in a report on Friday, March 27th. Wall Street Zen upgraded shares of AAR from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Truist Financial reissued a “buy” rating and issued a $128.00 price target (up from $107.00) on shares of AAR in a research note on Friday, March 6th. Jefferies Financial Group increased their price target on shares of AAR to $150.00 and gave the stock a “buy” rating in a report on Tuesday, March 24th. Finally, Royal Bank Of Canada lifted their price objective on shares of AAR from $105.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, March 25th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, AAR currently has an average rating of “Moderate Buy” and an average 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.