Insider Selling: AAR Corp. (NYSE:AIR) CFO Sells 17,385 Shares of Stock

AAR Corp. (NYSE:AIR) CFO Sean M. Gillen sold 17,385 shares of the business’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $66.33, for a total transaction of $1,153,147.05. Following the sale, the chief financial officer now owns 72,326 shares of the company’s stock, valued at approximately $4,797,383.58. This represents a 19.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

AAR Stock Performance

Shares of NYSE:AIR traded up $0.50 during mid-day trading on Friday, reaching $67.59. 675,419 shares of the company traded hands, compared to its average volume of 467,920. The company’s 50 day moving average price is $64.86 and its 200-day moving average price is $65.31. The firm has a market cap of $2.43 billion, a PE ratio of 37.14 and a beta of 1.61. AAR Corp. has a 52 week low of $54.71 and a 52 week high of $76.34. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.06 and a quick ratio of 1.45.

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

Analysts Set New Price Targets

AIR has been the topic of a number of recent research reports. Royal Bank of Canada reissued an “outperform” rating and issued a $75.00 target price on shares of AAR in a report on Monday, November 4th. Benchmark reissued a “buy” rating and issued a $83.00 price objective on shares of AAR in a report on Friday, October 4th. Finally, StockNews.com cut shares of AAR from a “hold” rating to a “sell” rating in a report on Thursday. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, AAR currently has an average rating of “Moderate Buy” and an average price target of $81.00.

Hedge Funds Weigh In On AAR

Large investors have recently made changes to their positions in the business. Natixis Advisors LLC raised its stake in AAR by 30.7% during the 2nd quarter. Natixis Advisors LLC now owns 14,375 shares of the aerospace company’s stock valued at $1,045,000 after purchasing an additional 3,377 shares during the period. Quest Partners LLC bought a new stake in shares of AAR during the second quarter valued at approximately $33,000. Texas Permanent School Fund Corp lifted its holdings in shares of AAR by 13.0% in the second quarter. Texas Permanent School Fund Corp now owns 32,816 shares of the aerospace company’s stock worth $2,386,000 after buying an additional 3,773 shares in the last quarter. Daiwa Securities Group Inc. bought a new position in shares of AAR during the second quarter worth $2,330,000. Finally, American Century Companies Inc. grew its stake in AAR by 1,956.5% during the second quarter. American Century Companies Inc. now owns 909,953 shares of the aerospace company’s stock valued at $66,154,000 after acquiring an additional 865,705 shares in the last quarter. 90.74% of the stock is currently owned by hedge funds and other institutional investors.

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.