AAR (NYSE:AIR) CEO John Mcclain Holmes III Sells 60,000 Shares of Stock

AAR Corp. (NYSE:AIR) CEO John Mcclain Holmes III sold 60,000 shares of the stock in a transaction on Thursday, March 26th. The shares were sold at an average price of $112.41, for a total value of $6,744,600.00. Following the completion of the transaction, the chief executive officer directly owned 235,064 shares in the company, valued at approximately $26,423,544.24. This represents a 20.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, March 27th, John Mcclain Holmes III sold 26,175 shares of AAR stock. The stock was sold at an average price of $107.60, for a total value of $2,816,430.00.
• 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 value 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 value of $1,662,221.86.
• On Wednesday, January 14th, John Mcclain Holmes III sold 9,947 shares of AAR stock. The stock was 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 transaction of $1,941,237.24.

AAR Trading Down 1.5%

AIR stock opened at $109.69 on Friday. The company has a market capitalization of $4.36 billion, a PE ratio of 24.32 and a beta of 1.20. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.23 and a current ratio of 2.70. AAR Corp. has a one year low of $46.51 and a one year high of $122.97. The company’s 50 day moving average price is $110.53 and its two-hundred 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.04. The company had revenue of $845.10 million during the quarter, compared to analysts’ expectations of $812.58 million. AAR had a net margin of 5.46% and a return on equity of 12.39%. The firm’s revenue was up 24.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.99 EPS. As a group, analysts predict that AAR Corp. will post 3.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Zacks Research downgraded AAR from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. KeyCorp raised their price target on AAR from $109.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 25th. Wall Street Zen raised AAR from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Truist Financial reiterated a “buy” rating and issued a $128.00 price objective (up from $107.00) on shares of AAR in a research report on Friday, March 6th. Finally, Royal Bank Of Canada raised their target price on shares of AAR from $105.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, March 25th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $128.80.

Institutional Trading of AAR

Several large investors have recently modified their holdings of the business. McMillan Office Inc. bought a new position in AAR during the 4th quarter valued at approximately $25,000. Morse Asset Management Inc bought a new stake in shares of AAR in the 3rd quarter worth approximately $27,000. Danske Bank A S purchased a new position in shares of AAR during the fourth quarter valued at approximately $28,000. Optiver Holding B.V. purchased a new position in shares of AAR during the third quarter valued at approximately $31,000. Finally, NBC Securities Inc. bought a new position in shares of AAR during the fourth quarter valued at approximately $28,000. 90.74% of the stock is owned by institutional investors.

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.