Sarah Louise Flanagan Sells 10,750 Shares of AAR (NYSE:AIR) Stock

AAR Corp. (NYSE:AIR) CFO Sarah Louise Flanagan sold 10,750 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $108.56, for a total value of $1,167,020.00. Following the transaction, the chief financial officer owned 32,848 shares in the company, valued at $3,565,978.88. The trade was a 24.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

AAR Stock Down 0.3%

AAR stock opened at $106.83 on Friday. The stock’s 50 day moving average price is $92.42 and its 200 day moving average price is $83.80. AAR Corp. has a 1-year low of $46.51 and a 1-year high of $110.39. The company has a market cap of $4.23 billion, a PE ratio of 41.89 and a beta of 1.23. 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 (NYSE:AIR) last released its earnings results on Tuesday, January 6th. The aerospace company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.16. The company had revenue of $795.30 million during the quarter, compared to the consensus estimate of $760.95 million. AAR had a return on equity of 12.40% and a net margin of 3.17%.AAR’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.90 earnings per share. On average, sell-side analysts predict that AAR Corp. will post 3.77 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AIR. Vanguard Group Inc. grew its holdings in AAR by 7.5% during the 4th quarter. Vanguard Group Inc. now owns 4,061,230 shares of the aerospace company’s stock valued at $336,229,000 after buying an additional 281,871 shares during the last quarter. State Street Corp lifted its position in shares of AAR by 10.9% in the second quarter. State Street Corp now owns 1,917,821 shares of the aerospace company’s stock valued at $131,927,000 after acquiring an additional 188,406 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of AAR by 144.3% during the third quarter. Wellington Management Group LLP now owns 1,486,775 shares of the aerospace company’s stock valued at $133,319,000 after acquiring an additional 878,188 shares during the last quarter. Invesco Ltd. increased its position in AAR by 4.2% during the 2nd quarter. Invesco Ltd. now owns 1,208,796 shares of the aerospace company’s stock worth $83,153,000 after purchasing an additional 48,376 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in AAR by 36.9% in the 3rd quarter. Franklin Resources Inc. now owns 1,154,167 shares of the aerospace company’s stock valued at $107,752,000 after purchasing an additional 311,258 shares during the last quarter. 90.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AIR has been the topic of several recent analyst reports. Zacks Research upgraded shares of AAR from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 9th. Weiss Ratings reissued a “hold (c-)” rating on shares of AAR in a research note on Monday, December 29th. Wall Street Zen upgraded AAR from a “hold” rating to a “buy” rating in a report on Saturday, January 3rd. Jefferies Financial Group set a $112.00 price objective on AAR and gave the company a “buy” rating in a research note on Thursday, January 15th. Finally, The Goldman Sachs Group assumed coverage on AAR in a research report on Monday, January 26th. They set a “neutral” rating and a $121.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $110.80.

AAR Company Profile

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.