AAR Corp. (NYSE:AIR) Director Sells $546,490.00 in Stock

AAR Corp. (NYSE:AIR - Get Free Report) Director Jennifer L. Vogel sold 7,000 shares of the stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $78.07, for a total value of $546,490.00. Following the completion of the transaction, the director directly owned 22,970 shares in the company, valued at approximately $1,793,267.90. This represents a 23.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

AAR Stock Performance

Shares of AAR stock traded down $0.09 during trading hours on Friday, hitting $77.42. 199,331 shares of the company were exchanged, compared to its average volume of 302,995. The business has a 50-day moving average of $68.89 and a 200-day moving average of $64.58. AAR Corp. has a 1 year low of $46.51 and a 1 year high of $86.43. The stock has a market capitalization of $2.79 billion, a price-to-earnings ratio of 234.55 and a beta of 1.44. 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 company 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%. AAR's revenue for the quarter was up 15.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.88 EPS. As a group, analysts expect that AAR Corp. will post 3.77 EPS for the current fiscal year.

Hedge Funds Weigh In On AAR

Several large investors have recently made changes to their positions in the business. Westwood Holdings Group Inc. boosted its position in AAR by 10.3% in 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 buying an additional 148,166 shares during the last quarter. Fred Alger Management LLC increased its holdings in shares of AAR by 32.6% during the first quarter. Fred Alger Management LLC now owns 533,770 shares of the aerospace company's stock worth $29,886,000 after buying an additional 131,092 shares in the last quarter. Bank of America Corp DE grew its stake in shares of AAR by 293.3% in the fourth quarter. Bank of America Corp DE now owns 171,203 shares of the aerospace company's stock worth $10,491,000 after purchasing an additional 127,668 shares during the last quarter. Invesco Ltd. raised its holdings in shares of AAR by 13.5% in the 4th quarter. Invesco Ltd. now owns 1,070,618 shares of the aerospace company's stock worth $65,607,000 after acquiring an additional 127,148 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in AAR in the 4th quarter valued at about $6,849,000. Institutional investors and hedge funds own 90.74% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. KeyCorp upped their price objective on AAR from $80.00 to $86.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Royal Bank Of Canada lifted their price target on AAR from $75.00 to $85.00 and gave the company an "outperform" rating in a research report on Thursday, July 17th. Wall Street Zen raised shares of AAR from a "hold" rating to a "buy" rating in a report on Friday, July 18th. Finally, Truist Financial lifted their price target on AAR from $78.00 to $81.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus 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.