Insider Selling: AAR Corp. (NYSE:AIR) CAO Sells 5,121 Shares of Stock

AAR Corp. (NYSE:AIR) CAO Eric Pachapa sold 5,121 shares of AAR stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $70.96, for a total value of $363,386.16. Following the completion of the sale, the chief accounting officer now directly owns 25,015 shares in the company, valued at $1,775,064.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

AAR Stock Up 1.3 %

AIR stock traded up $0.89 during trading on Wednesday, hitting $71.95. 144,752 shares of the company’s stock traded hands, compared to its average volume of 338,574. AAR Corp. has a 1 year low of $50.06 and a 1 year high of $73.95. The business has a fifty day simple moving average of $64.08 and a two-hundred day simple moving average of $63.95. The firm has a market capitalization of $2.55 billion, a P/E ratio of 41.79 and a beta of 1.60. 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 (NYSE:AIR) last issued its quarterly earnings data on Thursday, March 21st. The aerospace company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.01. The firm had revenue of $567.30 million for the quarter, compared to the consensus estimate of $567.63 million. AAR had a net margin of 2.73% and a return on equity of 10.17%. Sell-side analysts anticipate that AAR Corp. will post 3.3 EPS for the current year.

Institutional Investors Weigh In On AAR

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Comerica Bank lifted its holdings in shares of AAR by 0.9% in the 4th quarter. Comerica Bank now owns 17,601 shares of the aerospace company’s stock valued at $1,098,000 after buying an additional 152 shares during the period. Sheets Smith Wealth Management lifted its stake in AAR by 4.7% in the 4th quarter. Sheets Smith Wealth Management now owns 7,176 shares of the aerospace company’s stock valued at $448,000 after buying an additional 325 shares in the last quarter. Versor Investments LP increased its stake in AAR by 6.5% during the 3rd quarter. Versor Investments LP now owns 6,541 shares of the aerospace company’s stock worth $389,000 after buying an additional 397 shares in the last quarter. GAMMA Investing LLC purchased a new position in shares of AAR in the fourth quarter valued at approximately $27,000. Finally, ProShare Advisors LLC boosted its stake in shares of AAR by 7.3% in the first quarter. ProShare Advisors LLC now owns 6,808 shares of the aerospace company’s stock worth $408,000 after acquiring an additional 461 shares during the last quarter. 90.74% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on AIR shares. William Blair began coverage on AAR in a report on Monday, January 29th. They set an “outperform” rating on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $80.00 price objective on shares of AAR in a research report on Friday, March 22nd. Finally, Benchmark upped their target price on shares of AAR from $65.00 to $83.00 and gave the company a “buy” rating in a research report on Monday, April 15th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.25.

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.