AAR Corp. (NYSE:AIR) CAO Eric Pachapa Sells 5,121 Shares

AAR Corp. (NYSE:AIR) CAO Eric Pachapa sold 5,121 shares of AAR stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $70.96, for a total transaction of $363,386.16. Following the sale, the chief accounting officer now owns 25,015 shares in the company, valued at $1,775,064.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

AAR Price Performance

NYSE:AIR opened at $71.95 on Thursday. The firm has a market cap of $2.55 billion, a PE ratio of 42.32 and a beta of 1.60. AAR Corp. has a 12 month low of $50.06 and a 12 month high of $73.95. The company has a quick ratio of 1.33, a current ratio of 2.90 and a debt-to-equity ratio of 0.24. The company’s 50-day moving average price is $64.19 and its two-hundred day moving average price is $64.01.

AAR (NYSE:AIR) last released its quarterly 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 net margin of 2.73% and a return on equity of 10.17%. The firm had revenue of $567.30 million for the quarter, compared to analyst estimates of $567.63 million. On average, equities analysts anticipate that AAR Corp. will post 3.3 EPS for the current fiscal year.

Hedge Funds Weigh In On AAR

Institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC bought a new position in shares of AAR in the fourth quarter worth about $27,000. DekaBank Deutsche Girozentrale bought a new position in shares of AAR in the third quarter worth about $33,000. Geneos Wealth Management Inc. bought a new position in shares of AAR in the first quarter worth about $63,000. Psagot Value Holdings Ltd. Israel raised its stake in shares of AAR by 737.1% in the fourth quarter. Psagot Value Holdings Ltd. Israel now owns 1,105 shares of the aerospace company’s stock worth $69,000 after acquiring an additional 973 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd raised its stake in shares of AAR by 592.4% in the third quarter. Harvest Fund Management Co. Ltd now owns 1,184 shares of the aerospace company’s stock worth $70,000 after acquiring an additional 1,013 shares during the last quarter. 90.74% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AIR has been the topic of several recent research reports. Benchmark lifted their target price on shares of AAR from $65.00 to $83.00 and gave the company a “buy” rating in a research report on Monday, April 15th. William Blair started coverage on shares of AAR in a research report on Monday, January 29th. They issued an “outperform” rating on the stock. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $80.00 price target on shares of AAR in a research report on Friday, March 22nd. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $81.25.

AAR Company Profile

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.