Insider Selling: AAR (NYSE:AIR) CEO Sells 60,000 Shares of Stock

AAR Corp. (NYSE:AIR) CEO John Mcclain Holmes III sold 60,000 shares of the stock in a transaction dated Thursday, March 26th. The shares were sold at an average price of $112.41, for a total value of $6,744,600.00. Following the sale, the chief executive officer owned 235,064 shares of the company’s stock, valued at $26,423,544.24. This represents a 20.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

John Mcclain Holmes III also recently made the following trade(s):

• On Friday, March 27th, John Mcclain Holmes III sold 26,175 shares of AAR stock. The stock was sold at an average price of $107.60, for a total value of $2,816,430.00.
• On Tuesday, February 3rd, John Mcclain Holmes III sold 10,000 shares of AAR stock. The shares were sold at an average price of $108.44, for a total value of $1,084,400.00.
• On Tuesday, January 13th, John Mcclain Holmes III sold 16,802 shares of AAR stock. The shares were sold at an average price of $98.93, for a total value of $1,662,221.86.
• On Wednesday, January 14th, John Mcclain Holmes III sold 9,947 shares of AAR stock. The stock was sold at an average price of $99.41, for a total transaction of $988,831.27.
• On Monday, January 12th, John Mcclain Holmes III sold 30,000 shares of AAR stock. The stock was sold at an average price of $97.50, for a total transaction of $2,925,000.00.
• On Friday, January 2nd, John Mcclain Holmes III sold 23,077 shares of AAR stock. The shares were sold at an average price of $84.12, for a total transaction of $1,941,237.24.

AAR Trading Down 0.6%

Shares of AAR stock traded down $0.61 during trading on Thursday, reaching $110.76. 42,158 shares of the stock were exchanged, compared to its average volume of 542,267. The company has a quick ratio of 1.23, a current ratio of 2.70 and a debt-to-equity ratio of 0.54. The firm has a market cap of $4.40 billion, a price-to-earnings ratio of 24.51 and a beta of 1.20. AAR Corp. has a 1 year low of $46.51 and a 1 year high of $122.97. The stock’s fifty day moving average is $110.49 and its 200 day moving average is $93.71.

AAR (NYSE:AIR) last announced its quarterly earnings results on Tuesday, March 24th. The aerospace company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.04. AAR had a return on equity of 12.39% and a net margin of 5.46%.The company had revenue of $845.10 million during the quarter, compared to analyst estimates of $812.58 million. During the same quarter last year, the firm posted $0.99 earnings per share. The firm’s revenue was up 24.6% on a year-over-year basis. As a group, equities research analysts expect that AAR Corp. will post 3.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on AIR shares. Royal Bank Of Canada raised their price objective on shares of AAR from $105.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, March 25th. KeyCorp boosted their target price on shares of AAR from $109.00 to $120.00 and gave the company an “overweight” rating in a report on Wednesday, March 25th. The Goldman Sachs Group started coverage on shares of AAR in a research note on Monday, January 26th. They issued a “neutral” rating and a $121.00 price target for the company. Weiss Ratings raised shares of AAR from a “hold (c+)” rating to a “buy (b)” rating in a research note on Friday, March 27th. Finally, Zacks Research cut shares of AAR from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, AAR currently has a consensus rating of “Moderate Buy” and an average target price of $128.80.

Institutional Trading of AAR

Several institutional investors have recently bought and sold shares of AIR. Wellington Management Group LLP lifted its stake in shares of AAR by 144.3% in the third quarter. Wellington Management Group LLP now owns 1,486,775 shares of the aerospace company’s stock worth $133,319,000 after buying an additional 878,188 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its position in AAR by 297.4% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 594,668 shares of the aerospace company’s stock worth $49,233,000 after buying an additional 445,026 shares during the last quarter. UBS Group AG raised its position in AAR by 709.2% in the 3rd quarter. UBS Group AG now owns 488,239 shares of the aerospace company’s stock worth $43,780,000 after buying an additional 427,906 shares during the last quarter. State Street Corp boosted its holdings in AAR by 17.1% in the fourth quarter. State Street Corp now owns 2,320,927 shares of the aerospace company’s stock worth $192,150,000 after purchasing an additional 339,595 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in AAR by 36.9% in the 3rd quarter. Franklin Resources Inc. now owns 1,154,167 shares of the aerospace company’s stock worth $107,752,000 after purchasing an additional 311,258 shares during the period. 90.74% of the stock is owned by hedge funds and other institutional investors.

About AAR

AAR Corp. (NYSE: AIR) is a global provider of aviation products and services to commercial, government and defense customers. The company offers a comprehensive portfolio of maintenance, repair and overhaul (MRO) solutions, component repair and overhaul, and engineering services designed to support a wide variety of fixed-wing and rotary aircraft. Leveraging FAA and EASA certifications, AAR delivers turnkey maintenance programs and ad hoc repair services that enhance aircraft availability and reliability.

In its Aviation Supply Chain Services segment, AAR sources, stores and distributes parts for both commercial airlines and military operators.