Insider Selling: AAR Corp. (NYSE:AIR) SVP Sells 14,973 Shares of Stock

AAR Corp. (NYSE:AIR) SVP Christopher A. Jessup sold 14,973 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $70.05, for a total value of $1,048,858.65. Following the transaction, the senior vice president now directly owns 51,803 shares of the company’s stock, valued at $3,628,800.15. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

AAR Trading Up 1.3 %

NYSE AIR opened at $71.95 on Thursday. The business has a 50 day simple moving average of $64.19 and a 200 day simple moving average of $64.01. The stock has a market capitalization of $2.55 billion, a P/E ratio of 42.32 and a beta of 1.60. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.90 and a quick ratio of 1.33. AAR Corp. has a one year low of $50.06 and a one year high of $73.95.

AAR (NYSE:AIR) last issued its earnings results on Thursday, March 21st. The aerospace company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.01. AAR had a return on equity of 10.17% and a net margin of 2.73%. The business had revenue of $567.30 million during the quarter, compared to analyst estimates of $567.63 million. Research analysts expect that AAR Corp. will post 3.3 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on AIR shares. William Blair assumed coverage on AAR in a research report on Monday, January 29th. They set an “outperform” rating for the company. Benchmark raised their price target on shares of AAR from $65.00 to $83.00 and gave the stock a “buy” rating in a report on Monday, April 15th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $80.00 price objective on shares of AAR in a research note on Friday, March 22nd. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $81.25.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Comerica Bank lifted its position in AAR by 0.9% in the 4th quarter. Comerica Bank now owns 17,601 shares of the aerospace company’s stock valued at $1,098,000 after acquiring an additional 152 shares in the last quarter. Sheets Smith Wealth Management lifted its holdings in shares of AAR by 4.7% in the fourth quarter. Sheets Smith Wealth Management now owns 7,176 shares of the aerospace company’s stock valued at $448,000 after purchasing an additional 325 shares in the last quarter. Versor Investments LP boosted its position in shares of AAR by 6.5% during the third quarter. Versor Investments LP now owns 6,541 shares of the aerospace company’s stock valued at $389,000 after buying an additional 397 shares during the last quarter. GAMMA Investing LLC bought a new stake in AAR during the fourth quarter worth $27,000. Finally, ProShare Advisors LLC raised its position in AAR by 7.3% in the 1st quarter. ProShare Advisors LLC now owns 6,808 shares of the aerospace company’s stock valued at $408,000 after buying an additional 461 shares during the last quarter. 90.74% of the stock is owned by institutional investors.

About AAR

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. It operates through Aviation Services and Expeditionary Services segments. The Aviation Services segment engages in lease and sale of new, overhauled and repaired engine, and airframe parts and components, as well as aircrafts; and offers customized flight hour component inventory and repair, warranty claim management, and outsourcing programs for engine and airframe parts and components.