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

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 firm's stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $71.70, for a total transaction of $717,000.00. Following the completion of the transaction, the chief executive officer owned 298,603 shares in the company, valued at $21,409,835.10. The trade was a 3.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available 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 Stock Up 1.3%

Shares of AAR stock traded up $1.01 on Monday, hitting $75.80. The company had a trading volume of 180,416 shares, compared to its average volume of 307,216. The firm has a market capitalization of $2.73 billion, a P/E ratio of 229.73 and a beta of 1.53. AAR Corp. has a twelve month low of $46.51 and a twelve month high of $86.43. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.72 and a quick ratio of 1.26. The stock has a 50-day moving average of $71.73 and a 200-day moving average of $64.92.

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

Hedge Funds Weigh In On AAR

Hedge funds have recently bought and sold shares of the company. Westwood Holdings Group Inc. lifted its position in shares of AAR by 10.3% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,589,320 shares of the aerospace company's stock valued at $88,986,000 after acquiring an additional 148,166 shares during the period. Fred Alger Management LLC lifted its position in shares of AAR by 32.6% during the 1st quarter. Fred Alger Management LLC now owns 533,770 shares of the aerospace company's stock valued at $29,886,000 after acquiring an additional 131,092 shares during the period. Bank of America Corp DE lifted its position in shares of AAR by 293.3% during the 4th quarter. Bank of America Corp DE now owns 171,203 shares of the aerospace company's stock valued at $10,491,000 after acquiring an additional 127,668 shares during the period. Invesco Ltd. lifted its position in shares of AAR by 13.5% during the 4th quarter. Invesco Ltd. now owns 1,070,618 shares of the aerospace company's stock valued at $65,607,000 after acquiring an additional 127,148 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of AAR during the 4th quarter valued at $6,849,000. 90.74% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AIR has been the topic of several recent research reports. Truist Financial lifted their target price on shares of AAR from $78.00 to $81.00 and gave the company a "buy" rating in a research report on Friday, July 11th. KeyCorp lifted their price target on shares of AAR from $80.00 to $86.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Royal Bank Of Canada lifted their price target on shares of AAR from $75.00 to $85.00 and gave the company an "outperform" rating in a report on Thursday, July 17th. Finally, Wall Street Zen downgraded shares of AAR from a "buy" rating to a "hold" rating in a report on Monday. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $83.75.

About AAR

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.