AAR Corp. (NYSE:AIR) CAO Sells $100,350.00 in Stock

AAR Corp. (NYSE:AIR) CAO Jessica A. Garascia sold 1,500 shares of AAR stock in a transaction on Friday, January 10th. The shares were sold at an average price of $66.90, for a total transaction of $100,350.00. Following the completion of the sale, the chief accounting officer now directly owns 37,565 shares in the company, valued at $2,513,098.50. This represents a 3.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

AAR Price Performance

NYSE AIR traded up $0.50 during trading hours on Friday, hitting $67.59. 675,200 shares of the company’s stock traded hands, compared to its average volume of 454,414. The company has a market capitalization of $2.43 billion, a PE ratio of 37.14 and a beta of 1.61. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.06 and a quick ratio of 1.45. 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 $64.86 and its 200-day moving average is $65.31.

AAR (NYSE:AIR) last posted its quarterly earnings results on Tuesday, January 7th. The aerospace company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.07. The business had revenue of $686.10 million during the quarter, compared to analyst estimates of $654.47 million. AAR had a return on equity of 10.22% and a net margin of 2.67%. The business’s revenue was up 25.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.81 earnings per share. Equities analysts forecast that AAR Corp. will post 3.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. StockNews.com lowered shares of AAR from a “hold” rating to a “sell” rating in a research report on Thursday. Benchmark reiterated a “buy” rating and set a $83.00 price objective on shares of AAR in a research note on Friday, October 4th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $75.00 price target on shares of AAR in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. Based on data from MarketBeat.com, AAR presently has an average rating of “Moderate Buy” and an average price target of $81.00.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. grew its position in AAR by 18.5% in the third quarter. Principal Financial Group Inc. now owns 500,200 shares of the aerospace company’s stock worth $32,693,000 after acquiring an additional 77,974 shares during the period. Barclays PLC grew its holdings in shares of AAR by 269.4% during the 3rd quarter. Barclays PLC now owns 66,223 shares of the aerospace company’s stock worth $4,328,000 after purchasing an additional 48,298 shares during the period. Earnest Partners LLC increased its position in shares of AAR by 3.2% during the 2nd quarter. Earnest Partners LLC now owns 1,588,893 shares of the aerospace company’s stock worth $115,513,000 after purchasing an additional 48,630 shares during the last quarter. Stifel Financial Corp raised its holdings in AAR by 4.1% in the 3rd quarter. Stifel Financial Corp now owns 22,859 shares of the aerospace company’s stock valued at $1,494,000 after buying an additional 893 shares during the period. Finally, Daiwa Securities Group Inc. acquired a new position in AAR in the second quarter valued at about $2,330,000. Hedge funds and other institutional investors own 90.74% of the company’s stock.

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.