Insider Selling: AAR Corp. (NYSE:AIR) SVP Sells $1,048,858.65 in Stock

AAR Corp. (NYSE:AIR) SVP Christopher A. Jessup sold 14,973 shares of AAR stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $70.05, for a total transaction of $1,048,858.65. Following the transaction, the senior vice president now directly owns 51,803 shares in the company, valued at approximately $3,628,800.15. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

AAR Price Performance

Shares of NYSE AIR opened at $71.06 on Tuesday. The company has a current ratio of 2.90, a quick ratio of 1.33 and a debt-to-equity ratio of 0.24. The stock has a fifty day simple moving average of $63.96 and a two-hundred day simple moving average of $63.86. AAR Corp. has a 1-year low of $50.06 and a 1-year high of $73.95. The firm has a market cap of $2.52 billion, a price-to-earnings ratio of 41.80 and a beta of 1.60.

AAR (NYSE:AIR) last posted its earnings results on Thursday, March 21st. The aerospace company reported $0.85 earnings per share for the quarter, topping 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 business had revenue of $567.30 million for the quarter, compared to analyst estimates of $567.63 million. Analysts anticipate that AAR Corp. will post 3.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AIR has been the subject of a number of research analyst reports. William Blair initiated coverage on AAR in a research report on Monday, January 29th. They set an “outperform” rating for the company. Benchmark raised their target price on AAR from $65.00 to $83.00 and gave the company a “buy” rating in a research report on Monday, April 15th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $80.00 target price on shares of AAR in a research note on Friday, March 22nd. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $81.25.

Institutional Investors Weigh In On AAR

Several large investors have recently added to or reduced their stakes in AIR. Vanguard Group Inc. increased its stake in AAR by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 3,761,632 shares of the aerospace company’s stock worth $234,726,000 after acquiring an additional 44,948 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of AAR by 4.2% in the third quarter. Victory Capital Management Inc. now owns 891,347 shares of the aerospace company’s stock worth $53,062,000 after purchasing an additional 35,731 shares during the last quarter. Loomis Sayles & Co. L P raised its stake in AAR by 11.7% in the third quarter. Loomis Sayles & Co. L P now owns 680,241 shares of the aerospace company’s stock valued at $40,494,000 after purchasing an additional 71,272 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in AAR by 3.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 531,786 shares of the aerospace company’s stock valued at $33,183,000 after purchasing an additional 17,465 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in AAR by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 505,352 shares of the aerospace company’s stock worth $30,255,000 after buying an additional 11,350 shares in the last quarter. Institutional investors own 90.74% of the company’s stock.

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.