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

AAR Corp. (NYSE:AIR) Director Ellen Lord sold 4,341 shares of AAR stock in a transaction dated Thursday, October 29th. The stock was sold at an average price of $104.64, for a total value of $454,242.24. Following the completion of the sale, the director owned 5,814 shares of the company’s stock, valued at approximately $608,376.96. The trade was a 42.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

AAR Stock Down 4.1%

Shares of AAR stock opened at $100.20 on Friday. The business has a fifty day simple moving average of $112.73 and a 200 day simple moving average of $118.41. The stock has a market cap of $4.03 billion, a PE ratio of 20.53 and a beta of 1.13. The company has a quick ratio of 1.28, a current ratio of 2.83 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.

AAR (NYSE:AIR) last posted its earnings results on Monday, September 28th. The aerospace company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.19. The company 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 for the quarter was up 24.1% compared to the same quarter last year. During the same period last year, the business posted $1.08 earnings per share. Research analysts predict that AAR Corp. will post 5.89 EPS for the current year.

Institutional Investors Weigh In On AAR

Large investors have recently modified their holdings of the company. BlackRock Inc. acquired a new position in shares of AAR in the 2nd quarter valued at about $925,068,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of AAR in the 2nd quarter valued at $84,251,000. Bank of New York Mellon Corp acquired a new position in shares of AAR during the 2nd quarter valued at $39,024,000. Bank of America Corp DE bought a new position in AAR during the second quarter worth $33,649,000. Finally, Artemis Investment Management LLP grew its holdings in AAR by 1,031.6% in the third quarter. Artemis Investment Management LLP now owns 229,783 shares of the aerospace company’s stock worth $23,316,000 after purchasing an additional 209,477 shares during the period. 90.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on AIR shares. Zacks Research cut shares of AAR from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. Jefferies Financial Group upped their price target on shares of AAR from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Tuesday, September 29th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $145.00 price objective on shares of AAR in a research note on Monday, September 28th. KeyCorp reissued a “sector weight” rating on shares of AAR in a report on Wednesday, July 22nd. Finally, Guggenheim reaffirmed a “neutral” rating on shares of AAR in a report on Tuesday, September 29th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $140.60.

About AAR

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.