Insider Selling: AAR (NYSE:AIR) CEO Sells $3,409,350.00 in Stock

Key Points

• AAR CEO John Holmes sold 35,000 shares at an average price of $97.41, generating approximately $3.41 million. His remaining stake totals 406,362 shares, representing a 7.93% reduction in his position.
• AAR reported quarterly earnings of $1.49 per share, exceeding estimates by $0.19, while revenue rose 24.1% year over year to $918 million.
• Analyst sentiment remains moderately bullish, with an average rating of “Moderate Buy” and a consensus price target of $140.60, despite the stock trading near $101.14.

AAR Corp. (NYSE:AIR - Get Free Report) CEO John Holmes, III sold 35,000 shares of the stock in a transaction on Monday, October 26th. The shares were sold at an average price of $97.41, for a total value of $3,409,350.00. Following the sale, the chief executive officer owned 406,362 shares in the company, valued at approximately $39,583,722.42. This trade represents a 7.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

AAR Price Performance

Shares of NYSE AIR traded up $1.06 during trading on Wednesday, reaching $101.14. The company had a trading volume of 134,005 shares, compared to its average volume of 488,455. The company has a current ratio of 2.83, a quick ratio of 1.28 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $4.06 billion, a PE ratio of 20.75 and a beta of 1.13. AAR Corp. has a twelve month low of $76.10 and a twelve month high of $154.00. The stock has a 50-day moving average price of $115.04 and a two-hundred day moving average price of $118.33.

AAR (NYSE:AIR - Get Free Report) last posted 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 firm 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 quarter last year, the business posted $1.08 EPS. As a group, sell-side analysts predict that AAR Corp. will post 5.89 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Jefferies Financial Group raised their price target on AAR from $155.00 to $160.00 and gave the stock a "buy" rating in a research note on Tuesday, September 29th. Zacks Research downgraded shares of AAR from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 28th. Weiss Ratings lowered shares of AAR from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday, September 25th. Royal Bank Of Canada reissued an "outperform" rating and issued a $145.00 target price on shares of AAR in a research report on Monday, September 28th. Finally, Guggenheim reaffirmed a "neutral" rating on shares of AAR in a research report on Tuesday, September 29th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $140.60.

Institutional Inflows and Outflows

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

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