AAR (NYSE:AIR) Director Sells $454,242.24 in Stock

Key Points

• Director Ellen Lord sold 4,341 AAR shares for $454,242 at an average price of $104.64, reducing her holdings by 42.75% to 5,814 shares.
• AAR shares rose 3.6% to $104.44, while the company’s latest quarterly results exceeded expectations: adjusted EPS was $1.49 versus $1.30 expected, and revenue increased 24.1% year over year to $918 million.
• Analysts maintain a consensus “Moderate Buy” rating with a $140.60 price target, although recent ratings included both upgrades and downgrades; institutional investors own 90.74% of the stock.

AAR Corp. (NYSE:AIR - Get Free Report) Director Ellen Lord sold 4,341 shares of the company's stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $104.64, for a total transaction of $454,242.24. Following the sale, the director owned 5,814 shares of the company's stock, valued at $608,376.96. The trade was a 42.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

AAR Trading Up 3.6%

Shares of AIR stock traded up $3.62 during trading hours on Thursday, reaching $104.44. The company had a trading volume of 219,492 shares, compared to its average volume of 488,695. AAR Corp. has a 1-year low of $76.10 and a 1-year high of $154.00. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.83 and a quick ratio of 1.28. The firm has a market cap of $4.20 billion, a price-to-earnings ratio of 21.43 and a beta of 1.13. The company has a 50 day moving average of $114.08 and a 200 day moving average of $118.36.

AAR (NYSE:AIR - Get Free Report) last announced its quarterly earnings data on Monday, September 28th. The aerospace company reported $1.49 EPS for the quarter, topping analysts' consensus estimates of $1.30 by $0.19. The business had revenue of $918.00 million during the quarter, compared to analysts' expectations of $878.81 million. AAR had a return on equity of 12.99% and a net margin of 5.55%. The firm's quarterly revenue was up 24.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.08 earnings per share. On average, equities research analysts anticipate that AAR Corp. will post 5.89 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently weighed in on AIR shares. Zacks Research lowered shares of AAR from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 28th. Weiss Ratings downgraded shares of AAR from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday, September 25th. Truist Financial increased their target price on shares of AAR from $128.00 to $145.00 and gave the stock a "buy" rating in a report on Monday, July 27th. Royal Bank Of Canada reissued an "outperform" rating and set a $145.00 price target on shares of AAR in a research report on Monday, September 28th. Finally, Guggenheim reissued a "neutral" rating on shares of AAR in a report on Tuesday, September 29th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, AAR presently has a consensus rating of "Moderate Buy" and a consensus price target of $140.60.

Hedge Funds Weigh In On AAR

Several institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. acquired a new position in shares of AAR in the second quarter valued at approximately $925,068,000. Principal Financial Group Inc. boosted its stake in AAR by 4.9% in the 1st quarter. Principal Financial Group Inc. now owns 675,686 shares of the aerospace company's stock worth $73,961,000 after purchasing an additional 31,583 shares during the period. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in AAR in the 2nd quarter worth $84,251,000. Emerald Advisers LLC increased its holdings in AAR by 6.3% during the 1st quarter. Emerald Advisers LLC now owns 445,693 shares of the aerospace company's stock worth $48,786,000 after purchasing an additional 26,223 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust increased its holdings in AAR by 10.9% during the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 280,257 shares of the aerospace company's stock worth $30,677,000 after purchasing an additional 27,485 shares in the last quarter. 90.74% of the stock is currently owned by institutional investors and hedge funds.

AAR Company Profile

AAR Corp. NYSE: AIR is a global aviation services company that provides products and support to commercial airlines, government agencies and defense customers. Its offerings include aircraft parts and supply-chain management, component repair and overhaul, airframe maintenance, engineering services, fleet management and expeditionary logistics.

The company operates through businesses that support the maintenance and operation of aircraft throughout their life cycles. AAR distributes aviation parts and manages inventory, performs maintenance, repair and overhaul services for airframes and aircraft components, and provides logistics and aftermarket support for commercial and government fleets.

Founded in 1955, AAR is headquartered in Wood Dale, Illinois, and serves customers across North America and international markets.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.