AAR Corp. (NYSE:AIR) CEO John Mcclain Holmes III Sells 10,000 Shares

Key Points

• John Mcclain Holmes III, CEO of AAR Corp., sold **10,000 shares** at an average price of **$71.70**, totaling **$717,000**, which decreased his ownership by **3.24%**.
• AAR Corp. reported **quarterly earnings of $1.16 EPS**, surpassing estimates and achieving a **15% revenue increase** year-over-year.
• Several analysts have recently **raised target prices** for AAR Corp., with average target now set at **$83.75**, indicating a generally positive outlook on the stock.

AAR Corp. (NYSE:AIR - Get Free Report) CEO John Mcclain Holmes III sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $71.70, for a total value of $717,000.00. Following the transaction, the chief executive officer owned 298,603 shares of the company's stock, valued at approximately $21,409,835.10. This trade represents a 3.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Wednesday, July 23rd, John Mcclain Holmes III sold 25,000 shares of AAR stock. The stock was sold at an average price of $77.34, for a total transaction of $1,933,500.00.
• On Thursday, July 24th, John Mcclain Holmes III sold 31,551 shares of AAR stock. The stock was sold at an average price of $78.03, for a total transaction of $2,461,924.53.

AAR Price Performance

NYSE:AIR traded down $0.09 during mid-day trading on Thursday, reaching $71.99. 274,259 shares of the stock were exchanged, compared to its average volume of 305,755. The business has a fifty day moving average price of $71.26 and a 200 day moving average price of $64.97. The firm has a market capitalization of $2.58 billion, a PE ratio of 218.17 and a beta of 1.53. AAR Corp. has a 1-year low of $46.51 and a 1-year high of $86.43. The company has a current ratio of 2.72, a quick ratio of 1.26 and a debt-to-equity ratio of 0.80.

AAR (NYSE:AIR - Get Free Report) last posted its quarterly earnings data on Wednesday, July 16th. The aerospace company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.16. The firm had revenue of $754.50 million for the quarter, compared to the consensus estimate of $695.81 million. AAR had a return on equity of 11.66% and a net margin of 0.45%. The business's revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.88 EPS. Research analysts expect that AAR Corp. will post 3.77 earnings per share for the current fiscal year.

Institutional Trading of AAR

Institutional investors and hedge funds have recently bought and sold shares of the stock. LPL Financial LLC grew its stake in AAR by 13.3% during the 4th quarter. LPL Financial LLC now owns 11,601 shares of the aerospace company's stock valued at $711,000 after acquiring an additional 1,362 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of AAR by 215.9% during the 4th quarter. JPMorgan Chase & Co. now owns 128,676 shares of the aerospace company's stock valued at $7,885,000 after buying an additional 87,939 shares during the last quarter. Norges Bank acquired a new stake in shares of AAR during the 4th quarter valued at about $6,321,000. Pictet Asset Management Holding SA lifted its holdings in shares of AAR by 27.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 5,404 shares of the aerospace company's stock valued at $331,000 after buying an additional 1,179 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in shares of AAR by 11.0% during the 4th quarter. Alliancebernstein L.P. now owns 40,478 shares of the aerospace company's stock valued at $2,480,000 after buying an additional 4,000 shares during the last quarter. Institutional investors and hedge funds own 90.74% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on AIR shares. Royal Bank Of Canada raised their target price on AAR from $75.00 to $85.00 and gave the company an "outperform" rating in a research note on Thursday, July 17th. KeyCorp raised their target price on AAR from $80.00 to $86.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Truist Financial raised their target price on AAR from $78.00 to $81.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Finally, Wall Street Zen upgraded AAR from a "hold" rating to a "buy" rating in a research note on Sunday. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $83.75.

AAR Company Profile

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. The Parts Supply segment leases and sells aircraft components and replacement parts. The Repair & Engineering segment provides airframe maintenance services, such as airframe inspection, painting, line maintenance, airframe modification, structural repair, avionics service and installation, exterior and interior refurbishment, and engineering and support services; component repair services comprising maintenance, repair, and overhaul (MRO) services, engine and airframe accessories, and interior refurbishment; and landing gear overhaul services, including repair services on wheels and brakes.

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