AAR (NYSE:AIR) CEO John Mcclain Holmes III Sells 30,000 Shares of Stock

AAR Corp. (NYSE:AIR) CEO John Mcclain Holmes III sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $97.50, for a total transaction of $2,925,000.00. Following the sale, the chief executive officer owned 237,064 shares of the company’s stock, valued at approximately $23,113,740. This represents a 11.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Friday, January 2nd, John Mcclain Holmes III sold 23,077 shares of AAR stock. The stock was sold at an average price of $84.12, for a total transaction of $1,941,237.24.
• On Wednesday, November 5th, John Mcclain Holmes III sold 38,462 shares of AAR stock. The shares were sold at an average price of $83.50, for a total value of $3,211,577.00.

AAR Price Performance

Shares of NYSE AIR opened at $97.56 on Wednesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.84 and a quick ratio of 1.31. AAR Corp. has a 1-year low of $46.51 and a 1-year high of $99.65. The company has a market capitalization of $3.86 billion, a price-to-earnings ratio of 38.26 and a beta of 1.24. The business has a 50-day moving average of $84.03 and a 200-day moving average of $80.12.

AAR (NYSE:AIR) last released its quarterly earnings results on Tuesday, January 6th. The aerospace company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.02 by $0.16. The firm had revenue of $795.30 million for the quarter, compared to analyst estimates of $760.95 million. AAR had a return on equity of 12.40% and a net margin of 3.17%.AAR’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.90 EPS. On average, equities analysts anticipate that AAR Corp. will post 3.77 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on AIR shares. Truist Financial set a $107.00 target price on AAR in a research report on Friday. KeyCorp lifted their price objective on AAR from $86.00 to $93.00 and gave the stock an “overweight” rating in a report on Monday, September 29th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of AAR in a research report on Monday, December 29th. Jefferies Financial Group began coverage on AAR in a research note on Wednesday, December 17th. They set a “buy” rating and a $100.00 target price for the company. Finally, Wall Street Zen upgraded shares of AAR from a “hold” rating to a “buy” rating in a research note on Saturday, January 3rd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, AAR presently has an average rating of “Buy” and a consensus price target of $101.25.

Hedge Funds Weigh In On AAR

Hedge funds have recently added to or reduced their stakes in the business. State Street Corp boosted its holdings in shares of AAR by 10.9% in the 2nd quarter. State Street Corp now owns 1,917,821 shares of the aerospace company’s stock valued at $131,927,000 after buying an additional 188,406 shares during the period. Wellington Management Group LLP lifted its holdings in 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 acquiring an additional 878,188 shares during the last quarter. Invesco Ltd. boosted its stake in AAR by 4.2% in the second quarter. Invesco Ltd. now owns 1,208,796 shares of the aerospace company’s stock valued at $83,153,000 after acquiring an additional 48,376 shares during the period. Franklin Resources Inc. boosted its stake in AAR by 36.9% in the third quarter. Franklin Resources Inc. now owns 1,154,167 shares of the aerospace company’s stock valued at $107,752,000 after acquiring an additional 311,258 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of AAR by 1.4% during the second quarter. Geode Capital Management LLC now owns 838,492 shares of the aerospace company’s stock valued at $57,687,000 after purchasing an additional 11,170 shares during the last quarter. Institutional investors and hedge funds own 90.74% of the company’s stock.

More AAR News

Here are the key news stories impacting AAR this week:

• Positive Sentiment: Multiple bullish research and media pieces highlight AAR’s long-term growth runway and momentum — noting revenue/earnings strength, favorable industry dynamics, and a 52-week high that attracts momentum investors. Why AAR (AIR) is a top growth stock for the long term
• Positive Sentiment: Analyst and outlet pieces (Zacks, InsiderMonkey) emphasize AAR’s favorable fundamentals and momentum after the company’s recent quarter beat — these stories can attract retail/momentum flows. What Makes AAR (AIR) a Strong Momentum Stock: Buy Now?
• Neutral Sentiment: Mixed analyst landscape: several price-target raises and “buy” ratings coexist with some holds — consensus leans modestly bullish (average target near $101), supporting interest but not unanimous upgrade momentum. MarketBeat AAR coverage (analyst notes)
• Negative Sentiment: Insider selling by senior executives: CEO John McClain Holmes III sold 30,000 shares (~$2.9M) and SVP Christopher Jessup sold 23,621 shares recently — material insider sales can weigh on sentiment and be interpreted as a near-term negative catalyst. CEO Form 4 SEC filing
• Negative Sentiment: Combined insider reductions represent double-digit percentage cuts to their holdings, which may create short-term selling pressure despite the company’s operational strength. InsiderTrades summary of recent sales

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.