AAR Corp. (NYSE:AIR) SVP Christopher A. Jessup Sells 33,481 Shares

AAR Corp. (NYSE:AIR) SVP Christopher A. Jessup sold 33,481 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $70.40, for a total transaction of $2,357,062.40. Following the completion of the sale, the senior vice president now directly owns 63,209 shares of the company’s stock, valued at approximately $4,449,913.60. This represents a 34.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

AAR Stock Up 1.2 %

NYSE AIR traded up $0.87 during trading on Friday, reaching $71.48. 22,388 shares of the company’s stock were exchanged, compared to its average volume of 363,024. The firm has a market capitalization of $2.57 billion, a PE ratio of 254.72 and a beta of 1.61. AAR Corp. has a fifty-two week low of $54.71 and a fifty-two week high of $76.34. The company has a current ratio of 2.68, a quick ratio of 1.45 and a debt-to-equity ratio of 0.84. The company’s fifty day simple moving average is $65.68 and its 200-day simple moving average is $65.23.

AAR (NYSE:AIR) last issued its 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. AAR had a net margin of 0.41% and a return on equity of 10.46%. The company had revenue of $686.10 million during the quarter, compared to analyst estimates of $654.47 million. During the same quarter last year, the business posted $0.81 EPS. The company’s revenue for the quarter was up 25.8% on a year-over-year basis. Sell-side analysts predict that AAR Corp. will post 3.75 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on AIR shares. KeyCorp started coverage on AAR in a research report on Thursday. They set an “overweight” rating and a $83.00 price target on the stock. Benchmark reissued a “buy” rating and set a $83.00 price objective on shares of AAR in a research note on Friday, October 4th. StockNews.com lowered AAR from a “hold” rating to a “sell” rating in a research report on Thursday, January 9th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $75.00 price target on shares of AAR in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.50.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of AIR. Amalgamated Bank lifted its stake in AAR by 1.7% in the third quarter. Amalgamated Bank now owns 10,319 shares of the aerospace company’s stock valued at $674,000 after acquiring an additional 177 shares during the last quarter. Captrust Financial Advisors raised its position in shares of AAR by 5.3% during the third quarter. Captrust Financial Advisors now owns 3,537 shares of the aerospace company’s stock valued at $231,000 after buying an additional 177 shares during the last quarter. HighTower Advisors LLC lifted its stake in shares of AAR by 6.1% in the third quarter. HighTower Advisors LLC now owns 3,818 shares of the aerospace company’s stock valued at $249,000 after buying an additional 220 shares during the period. EverSource Wealth Advisors LLC grew its position in AAR by 43.0% during the second quarter. EverSource Wealth Advisors LLC now owns 778 shares of the aerospace company’s stock worth $57,000 after buying an additional 234 shares in the last quarter. Finally, Truist Financial Corp increased its stake in AAR by 3.4% during the second quarter. Truist Financial Corp now owns 9,040 shares of the aerospace company’s stock valued at $657,000 after acquiring an additional 296 shares during the period. 90.74% of the stock is owned by institutional investors and hedge funds.

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.