AAR Corp. (NYSE:AIR) CAO Jessica A. Garascia Sells 1,500 Shares

AAR Corp. (NYSE:AIR) CAO Jessica A. Garascia sold 1,500 shares of the business’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $66.90, for a total value of $100,350.00. Following the completion of the sale, the chief accounting officer now directly owns 37,565 shares of the company’s stock, valued at $2,513,098.50. The trade was a 3.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

AAR Trading Up 0.7 %

Shares of AAR stock opened at $67.59 on Friday. The company has a current ratio of 3.06, a quick ratio of 1.45 and a debt-to-equity ratio of 0.81. The stock has a fifty day simple moving average of $65.04 and a 200 day simple moving average of $65.25. AAR Corp. has a 12-month low of $54.71 and a 12-month high of $76.34. The company has a market capitalization of $2.43 billion, a P/E ratio of 37.14 and a beta of 1.61.

AAR (NYSE:AIR) last announced its earnings results on Tuesday, January 7th. The aerospace company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.83 by $0.07. AAR had a net margin of 2.67% and a return on equity of 10.22%. The company had revenue of $686.10 million during the quarter, compared to the consensus estimate of $654.47 million. During the same quarter in the prior year, the company posted $0.81 earnings per share. The firm’s revenue for the quarter was up 25.8% on a year-over-year basis. On average, sell-side analysts anticipate that AAR Corp. will post 3.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on AIR. Royal Bank of Canada restated an “outperform” rating and set a $75.00 price objective on shares of AAR in a report on Monday, November 4th. Benchmark restated a “buy” rating and set a $83.00 price target on shares of AAR in a research note on Friday, October 4th. Finally, StockNews.com lowered shares of AAR from a “hold” rating to a “sell” rating in a research note on Thursday. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $81.00.

Hedge Funds Weigh In On AAR

A number of hedge funds and other institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its holdings in AAR by 9.7% during the third quarter. JPMorgan Chase & Co. now owns 40,737 shares of the aerospace company’s stock worth $2,663,000 after acquiring an additional 3,612 shares during the period. Principal Financial Group Inc. raised its stake in shares of AAR by 18.5% during the 3rd quarter. Principal Financial Group Inc. now owns 500,200 shares of the aerospace company’s stock worth $32,693,000 after purchasing an additional 77,974 shares during the period. Franklin Resources Inc. boosted its holdings in shares of AAR by 13.4% in the 3rd quarter. Franklin Resources Inc. now owns 969,741 shares of the aerospace company’s stock worth $59,591,000 after buying an additional 114,460 shares during the last quarter. Geode Capital Management LLC grew its position in AAR by 3.6% during the third quarter. Geode Capital Management LLC now owns 796,962 shares of the aerospace company’s stock valued at $52,101,000 after buying an additional 27,747 shares during the period. Finally, Barclays PLC increased its holdings in AAR by 269.4% during the third quarter. Barclays PLC now owns 66,223 shares of the aerospace company’s stock worth $4,328,000 after buying an additional 48,298 shares during the last quarter. Hedge funds and other institutional investors own 90.74% of the company’s stock.

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.