Insider Selling: AAR (NYSE:AIR) CEO Sells $3,211,577.00 in Stock

AAR Corp. (NYSE:AIR) CEO John Mcclain Holmes III sold 38,462 shares of the stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $83.50, for a total transaction of $3,211,577.00. Following the completion of the sale, the chief executive officer owned 260,141 shares in the company, valued at $21,721,773.50. The trade was a 12.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

AAR Trading Up 0.3%

NYSE AIR opened at $82.46 on Friday. AAR Corp. has a 1 year low of $46.51 and a 1 year high of $89.69. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.91 and a quick ratio of 1.31. The company has a market capitalization of $3.23 billion, a PE ratio of 105.71 and a beta of 1.53. The company has a fifty day moving average of $80.96 and a 200 day moving average of $72.82.

AAR (NYSE:AIR) last announced its quarterly earnings results on Wednesday, May 28th. The aerospace company reported $0.83 earnings per share for the quarter. The company had revenue of $553.30 million for the quarter. AAR had a return on equity of 12.29% and a net margin of 1.01%. Research analysts forecast that AAR Corp. will post 3.77 earnings per share for the current year.

Hedge Funds Weigh In On AAR

Large investors have recently added to or reduced their stakes in the stock. CenterBook Partners LP acquired a new stake in shares of AAR in the third quarter valued at about $1,912,000. JPMorgan Chase & Co. lifted its stake in AAR by 61.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 91,520 shares of the aerospace company’s stock valued at $8,207,000 after buying an additional 34,689 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in AAR by 28.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 9,187 shares of the aerospace company’s stock worth $824,000 after buying an additional 2,025 shares during the last quarter. Prescott Group Capital Management L.L.C. purchased a new stake in AAR during the 3rd quarter worth approximately $1,793,000. Finally, Assetmark Inc. raised its holdings in shares of AAR by 2,293.8% during the third quarter. Assetmark Inc. now owns 1,556 shares of the aerospace company’s stock valued at $140,000 after acquiring an additional 1,491 shares during the last quarter. 90.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Wall Street Zen upgraded AAR from a “hold” rating to a “buy” rating in a research report on Sunday, November 2nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of AAR in a report on Wednesday, October 8th. KeyCorp boosted their target price on shares of AAR from $86.00 to $93.00 and gave the company an “overweight” rating in a research note on Monday, September 29th. Zacks Research downgraded shares of AAR from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 29th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $85.00 price objective on shares of AAR in a report on Wednesday, September 24th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $89.33.

AAR Company Profile

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.