Insider Selling: AAR (NYSE:AIR) Director Sells 4,341 Shares of Company Stock

AAR Corp. (NYSE:AIR) Director Ellen Lord sold 4,341 shares of the 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 transaction, 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 transaction was disclosed in a filing with the SEC, which is available through this link.

AAR Stock Up 3.6%

NYSE:AIR traded up $3.62 during trading hours on Thursday, reaching $104.44. 219,492 shares of the stock were exchanged, compared to its average volume of 488,695. AAR Corp. has a twelve month low of $76.10 and a twelve month high of $154.00. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.83 and a quick ratio of 1.28. The firm has a 50 day moving average of $114.08 and a 200 day moving average of $118.36. The stock has a market cap of $4.20 billion, a PE ratio of 21.43 and a beta of 1.13.

AAR (NYSE:AIR) last posted its quarterly earnings data on Monday, September 28th. The aerospace company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.19. The company had revenue of $918.00 million for the quarter, compared to the consensus estimate of $878.81 million. AAR had a net margin of 5.55% and a return on equity of 12.99%. The firm’s revenue was up 24.1% compared to the same quarter last year. During the same period last year, the company earned $1.08 earnings per share. On average, equities analysts expect that AAR Corp. will post 5.89 earnings per share for the current year.

Institutional Inflows and Outflows

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on AIR shares. KeyCorp restated a “sector weight” rating on shares of AAR in a research note on Wednesday, July 22nd. Weiss Ratings downgraded AAR from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, September 25th. Truist Financial upped their target price on AAR from $128.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Zacks Research cut AAR from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 28th. Finally, Guggenheim restated a “neutral” rating on shares of AAR in a research note on Tuesday, September 29th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, AAR currently has a consensus rating of “Moderate Buy” and an average price target 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.