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

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

AAR Stock Up 0.1 %

AIR stock opened at $72.03 on Friday. The company has a quick ratio of 1.33, a current ratio of 2.90 and a debt-to-equity ratio of 0.24. AAR Corp. has a 52 week low of $50.06 and a 52 week high of $73.95. The stock has a market capitalization of $2.55 billion, a PE ratio of 42.37 and a beta of 1.60. The firm has a 50 day moving average of $64.30 and a 200 day moving average of $64.06.

AAR (NYSE:AIR) last announced its quarterly earnings data on Thursday, March 21st. The aerospace company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.01. The business had revenue of $567.30 million for the quarter, compared to analyst estimates of $567.63 million. AAR had a return on equity of 10.17% and a net margin of 2.73%. Sell-side analysts forecast that AAR Corp. will post 3.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. William Blair started coverage on shares of AAR in a research report on Monday, January 29th. They set an “outperform” rating on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $80.00 price objective on shares of AAR in a research report on Friday, March 22nd. Finally, Benchmark lifted their target price on AAR from $65.00 to $83.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, AAR currently has an average rating of “Moderate Buy” and an average price target of $81.25.

Institutional Investors Weigh In On AAR

A number of hedge funds and other institutional investors have recently made changes to their positions in AIR. Vanguard Group Inc. boosted its stake in shares of AAR by 1.2% during 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 in the last quarter. Victory Capital Management Inc. boosted its position in AAR by 4.2% during 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 in the last quarter. Loomis Sayles & Co. L P grew its holdings 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 during the period. Charles Schwab Investment Management Inc. grew its holdings in AAR by 3.4% in 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 period. Finally, Principal Financial Group Inc. increased its position in shares of AAR by 2.3% in the first quarter. Principal Financial Group Inc. now owns 505,352 shares of the aerospace company’s stock valued at $30,255,000 after buying an additional 11,350 shares in the last quarter. Institutional investors and hedge funds own 90.74% of the company’s stock.

About AAR

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.