AAR (NYSE:AIR) SVP Christopher Jessup Sells 23,621 Shares

AAR Corp. (NYSE:AIR) SVP Christopher Jessup sold 23,621 shares of the stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $97.05, for a total value of $2,292,418.05. Following the completion of the transaction, the senior vice president owned 65,769 shares of the company’s stock, valued at $6,382,881.45. The trade was a 26.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

AAR Trading Up 0.0%

Shares of NYSE:AIR traded up $0.03 during midday trading on Monday, reaching $97.06. 283,122 shares of the company’s stock were exchanged, compared to its average volume of 998,653. The stock has a market cap of $3.84 billion, a price-to-earnings ratio of 38.08 and a beta of 1.24. AAR Corp. has a fifty-two week low of $46.51 and a fifty-two week high of $98.92. The firm’s 50 day simple moving average is $83.52 and its two-hundred day simple moving average is $79.71. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.84 and a quick ratio of 1.31.

AAR (NYSE:AIR) last announced its quarterly earnings results on Tuesday, January 6th. The aerospace company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.16. The business had revenue of $795.30 million during the quarter, compared to analysts’ expectations of $760.95 million. AAR had a net margin of 3.17% and a return on equity of 12.40%. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period last year, the business earned $0.90 earnings per share. As a group, sell-side analysts forecast that AAR Corp. will post 3.77 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Wellington Management Group LLP raised its position in AAR by 144.3% during the third quarter. Wellington Management Group LLP now owns 1,486,775 shares of the aerospace company’s stock worth $133,319,000 after acquiring an additional 878,188 shares during the last quarter. UBS Group AG lifted its stake in AAR by 709.2% in the 3rd quarter. UBS Group AG now owns 488,239 shares of the aerospace company’s stock valued at $43,780,000 after buying an additional 427,906 shares in the last quarter. Franklin Resources Inc. grew its holdings in AAR by 36.9% during the 3rd quarter. Franklin Resources Inc. now owns 1,154,167 shares of the aerospace company’s stock valued at $107,752,000 after buying an additional 311,258 shares during the last quarter. State Street Corp boosted its stake in shares of AAR by 10.9% during the second quarter. State Street Corp now owns 1,917,821 shares of the aerospace company’s stock valued at $131,927,000 after acquiring an additional 188,406 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in AAR by 35.2% in the 3rd quarter. Principal Financial Group Inc. now owns 640,707 shares of the aerospace company’s stock valued at $57,452,000 after purchasing an additional 166,903 shares during the last quarter. 90.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on AIR shares. Truist Financial set a $107.00 target price on AAR in a research report on Friday. Zacks Research downgraded shares of AAR from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Royal Bank Of Canada increased their target price on shares of AAR from $90.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, January 7th. Wall Street Zen raised AAR from a “hold” rating to a “buy” rating in a research report on Saturday, January 3rd. Finally, Jefferies Financial Group initiated coverage on AAR in a report on Wednesday, December 17th. They issued a “buy” rating and a $100.00 target price for the company. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $101.25.

About AAR

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.