AAR (NYSE:AIR) CFO Sells $1,167,020.00 in Stock

AAR Corp. (NYSE:AIR) CFO Sarah Louise Flanagan sold 10,750 shares of the firm’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $108.56, for a total transaction of $1,167,020.00. Following the transaction, the chief financial officer directly owned 32,848 shares in the company, valued at $3,565,978.88. The trade was a 24.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

AAR Stock Up 6.0%

AAR stock opened at $113.26 on Friday. The stock has a market capitalization of $4.48 billion, a price-to-earnings ratio of 44.42 and a beta of 1.23. The company has a current ratio of 2.84, a quick ratio of 1.31 and a debt-to-equity ratio of 0.61. The stock has a 50 day moving average of $93.02 and a two-hundred day moving average of $84.03. AAR Corp. has a twelve month low of $46.51 and a twelve month high of $113.65.

AAR (NYSE:AIR) last issued its quarterly earnings results on Tuesday, January 6th. The aerospace company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.16. The firm had revenue of $795.30 million during the quarter, compared to the consensus estimate of $760.95 million. AAR had a return on equity of 12.40% and a net margin of 3.17%.The company’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period last year, the company earned $0.90 earnings per share. As a group, research analysts expect that AAR Corp. will post 3.77 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in AIR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of AAR by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,779 shares of the aerospace company’s stock worth $1,163,000 after purchasing an additional 904 shares during the last quarter. Millennium Management LLC increased its position in AAR by 35.8% in the first quarter. Millennium Management LLC now owns 134,966 shares of the aerospace company’s stock worth $7,557,000 after buying an additional 35,608 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in AAR by 4.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 97,384 shares of the aerospace company’s stock valued at $5,453,000 after purchasing an additional 4,288 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of AAR during the second quarter valued at approximately $238,000. Finally, Truist Financial Corp raised its stake in AAR by 29.3% during the 2nd quarter. Truist Financial Corp now owns 9,760 shares of the aerospace company’s stock valued at $671,000 after acquiring an additional 2,209 shares in the last quarter. 90.74% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AIR has been the topic of a number of recent analyst reports. KeyCorp upped their price target on shares of AAR from $93.00 to $109.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 14th. Truist Financial set a $107.00 price target on AAR in a report on Friday, January 9th. Wall Street Zen downgraded shares of AAR from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings restated a “hold (c-)” rating on shares of AAR in a report on Monday, December 29th. Finally, Jefferies Financial Group set a $112.00 target price on shares of AAR and gave the stock a “buy” rating in a research report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.80.

About AAR

AAR Corp. (NYSE: AIR) is a global provider of aviation products and services to commercial, government and defense customers. The company offers a comprehensive portfolio of maintenance, repair and overhaul (MRO) solutions, component repair and overhaul, and engineering services designed to support a wide variety of fixed-wing and rotary aircraft. Leveraging FAA and EASA certifications, AAR delivers turnkey maintenance programs and ad hoc repair services that enhance aircraft availability and reliability.

In its Aviation Supply Chain Services segment, AAR sources, stores and distributes parts for both commercial airlines and military operators.