Insider Selling: AAR Corp. (NYSE:AIR) SVP Sells $2,357,062.40 in Stock

AAR Corp. (NYSE:AIR) SVP Christopher A. Jessup sold 33,481 shares of the stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $70.40, for a total value of $2,357,062.40. Following the completion of the sale, the senior vice president now owns 63,209 shares in the company, valued at approximately $4,449,913.60. The trade was a 34.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

AAR Stock Performance

Shares of AAR stock opened at $70.25 on Monday. The firm has a market capitalization of $2.52 billion, a P/E ratio of 250.91 and a beta of 1.61. The company has a quick ratio of 1.45, a current ratio of 2.68 and a debt-to-equity ratio of 0.84. AAR Corp. has a 52 week low of $54.71 and a 52 week high of $76.34. The firm’s 50 day moving average is $65.77 and its two-hundred day moving average is $65.13.

AAR (NYSE:AIR) last announced its quarterly earnings results on Tuesday, January 7th. The aerospace company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.83 by $0.07. AAR had a net margin of 0.41% and a return on equity of 10.46%. The firm had revenue of $686.10 million for the quarter, compared to analyst estimates of $654.47 million. During the same period last year, the business earned $0.81 EPS. AAR’s revenue for the quarter was up 25.8% compared to the same quarter last year. Research analysts forecast that AAR Corp. will post 3.75 EPS for the current fiscal year.

Institutional Trading of AAR

A number of large investors have recently made changes to their positions in AIR. Amalgamated Bank lifted its stake in AAR by 1.7% in the third quarter. Amalgamated Bank now owns 10,319 shares of the aerospace company’s stock valued at $674,000 after buying an additional 177 shares during the last quarter. Captrust Financial Advisors raised its position in AAR by 5.3% in the 3rd quarter. Captrust Financial Advisors now owns 3,537 shares of the aerospace company’s stock valued at $231,000 after purchasing an additional 177 shares during the last quarter. Inspire Investing LLC boosted its stake in AAR by 3.3% during the 4th quarter. Inspire Investing LLC now owns 6,505 shares of the aerospace company’s stock worth $399,000 after purchasing an additional 205 shares during the period. HighTower Advisors LLC grew its position in AAR by 6.1% during the 3rd quarter. HighTower Advisors LLC now owns 3,818 shares of the aerospace company’s stock worth $249,000 after purchasing an additional 220 shares during the last quarter. Finally, Sheets Smith Wealth Management increased its stake in AAR by 3.2% in the fourth quarter. Sheets Smith Wealth Management now owns 7,015 shares of the aerospace company’s stock valued at $430,000 after purchasing an additional 220 shares during the period. 90.74% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AIR. KeyCorp assumed coverage on AAR in a research report on Thursday. They issued an “overweight” rating and a $83.00 price target on the stock. StockNews.com upgraded shares of AAR from a “sell” rating to a “hold” rating in a report on Friday. Benchmark restated a “buy” rating and issued a $83.00 price objective on shares of AAR in a report on Friday, October 4th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $75.00 price objective on shares of AAR in a research report on Monday, November 4th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $81.50.

About AAR

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.