AAR (NYSE:AIR) CEO John Mcclain Holmes III Sells 26,175 Shares of Stock

AAR Corp. (NYSE:AIR) CEO John Mcclain Holmes III sold 26,175 shares of the company’s stock in a transaction that occurred on Friday, March 27th. The shares were sold at an average price of $107.60, for a total transaction of $2,816,430.00. Following the completion of the sale, the chief executive officer owned 235,064 shares of the company’s stock, valued at approximately $25,292,886.40. This trade represents a 10.02% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Thursday, March 26th, John Mcclain Holmes III sold 60,000 shares of AAR stock. The stock was sold at an average price of $112.41, for a total transaction of $6,744,600.00.
• On Tuesday, February 3rd, John Mcclain Holmes III sold 10,000 shares of AAR stock. The stock was sold at an average price of $108.44, for a total transaction 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 transaction of $1,662,221.86.
• On Wednesday, January 14th, John Mcclain Holmes III sold 9,947 shares of AAR stock. The shares were sold at an average price of $99.41, for a total value 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 value 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 value of $1,941,237.24.

AAR Stock Down 1.5%

NYSE:AIR opened at $109.69 on Friday. The firm has a market capitalization of $4.36 billion, a price-to-earnings ratio of 24.32 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 company has a current ratio of 2.70, a quick ratio of 1.23 and a debt-to-equity ratio of 0.54. The business’s fifty day moving average price is $110.53 and its 200 day moving average price is $93.82.

AAR (NYSE:AIR) last announced its quarterly earnings data 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 firm had revenue of $845.10 million during the quarter, compared to analyst estimates of $812.58 million. During the same period last year, the company posted $0.99 EPS. The business’s quarterly revenue was up 24.6% compared to the same quarter last year. On average, sell-side analysts forecast that AAR Corp. will post 3.77 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on AIR shares. Wall Street Zen upgraded shares of AAR from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. The Goldman Sachs Group assumed coverage on shares of AAR in a research note on Monday, January 26th. They issued a “neutral” rating and a $121.00 price objective on the stock. Zacks Research lowered shares of AAR from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Weiss Ratings upgraded shares of AAR from a “hold (c+)” rating to a “buy (b)” rating in a report on Friday, March 27th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $128.00 price target (up from $107.00) on shares of AAR in a research note on Friday, March 6th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $128.80.

Institutional Trading of AAR

A number of institutional investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP grew its position 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 in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of AAR by 297.4% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 594,668 shares of the aerospace company’s stock valued at $49,233,000 after purchasing an additional 445,026 shares in the last quarter. UBS Group AG lifted its stake in shares of AAR by 709.2% in the 3rd quarter. UBS Group AG now owns 488,239 shares of the aerospace company’s stock valued at $43,780,000 after purchasing an additional 427,906 shares during the last quarter. State Street Corp lifted its stake in shares of AAR by 17.1% in the 4th quarter. State Street Corp now owns 2,320,927 shares of the aerospace company’s stock valued at $192,150,000 after purchasing an additional 339,595 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in AAR by 36.9% in the third 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 in the last quarter. 90.74% of the stock is currently owned by institutional investors and hedge funds.

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.