Insider Selling: AAR Corp. (NYSE:AIR) CFO Sells 17,385 Shares of Stock

AAR Corp. (NYSE:AIR) CFO Sean M. Gillen sold 17,385 shares of the firm’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $66.33, for a total transaction of $1,153,147.05. Following the transaction, the chief financial officer now owns 72,326 shares of the company’s stock, valued at $4,797,383.58. This trade represents a 19.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

AAR Price Performance

Shares of AIR stock opened at $67.59 on Friday. The firm has a fifty day moving average of $64.86 and a two-hundred day moving average of $65.31. The firm has a market cap of $2.43 billion, a P/E ratio of 37.14 and a beta of 1.61. AAR Corp. has a 1-year low of $54.71 and a 1-year high of $76.34. 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 (NYSE:AIR) last announced its quarterly earnings data on Tuesday, January 7th. The aerospace company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.07. AAR had a net margin of 2.67% and a return on equity of 10.22%. The business had revenue of $686.10 million during the quarter, compared to the consensus estimate of $654.47 million. During the same quarter in the prior year, the firm earned $0.81 EPS. The company’s revenue for the quarter was up 25.8% compared to the same quarter last year. As a group, research analysts anticipate that AAR Corp. will post 3.63 earnings per share for the current fiscal year.

Institutional Trading of AAR

Hedge funds have recently made changes to their positions in the stock. Westwood Holdings Group Inc. bought a new position in shares of AAR during the second quarter worth about $77,754,000. American Century Companies Inc. grew its position in AAR by 1,956.5% in the 2nd quarter. American Century Companies Inc. now owns 909,953 shares of the aerospace company’s stock worth $66,154,000 after purchasing an additional 865,705 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of AAR by 32.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 732,957 shares of the aerospace company’s stock valued at $47,906,000 after purchasing an additional 181,518 shares during the period. Thrivent Financial for Lutherans raised its holdings in shares of AAR by 83.6% during the second quarter. Thrivent Financial for Lutherans now owns 297,482 shares of the aerospace company’s stock valued at $21,627,000 after buying an additional 135,445 shares during the last quarter. Finally, Loomis Sayles & Co. L P boosted its position in shares of AAR by 20.5% during the third quarter. Loomis Sayles & Co. L P now owns 790,267 shares of the aerospace company’s stock worth $51,652,000 after buying an additional 134,215 shares during the period. Institutional investors own 90.74% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on AIR. Royal Bank of Canada reissued an “outperform” rating and set a $75.00 price target on shares of AAR in a research note on Monday, November 4th. StockNews.com downgraded AAR from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, Benchmark restated a “buy” rating and issued a $83.00 price target on shares of AAR in a report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $81.00.

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.