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 on Friday, January 10th. The shares were sold at an average price of $66.90, for a total transaction of $100,350.00. Following the sale, the chief accounting officer now directly owns 37,565 shares in the company, valued at approximately $2,513,098.50. This trade represents a 3.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

AAR Stock Up 0.7 %

Shares of AIR opened at $67.59 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.45 and a current ratio of 3.06. The company has a 50-day simple moving average of $64.86 and a 200-day simple moving average of $65.31. AAR Corp. has a 52 week low of $54.71 and a 52 week high of $76.34. The firm 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 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. The firm had revenue of $686.10 million for the quarter, compared to the consensus estimate of $654.47 million. AAR had a net margin of 2.67% and a return on equity of 10.22%. The business’s revenue was up 25.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.81 earnings per share. On average, equities research analysts expect that AAR Corp. will post 3.63 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on AIR shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $75.00 price objective on shares of AAR in a research note on Monday, November 4th. Benchmark reaffirmed a “buy” rating and issued a $83.00 price target on shares of AAR in a research note on Friday, October 4th. Finally, StockNews.com cut AAR from a “hold” rating to a “sell” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat.com, AAR currently has an average rating of “Moderate Buy” and a consensus price target of $81.00.

Hedge Funds Weigh In On AAR

Institutional investors have recently added to or reduced their stakes in the company. National Bank of Canada FI bought a new stake in AAR during the 3rd quarter worth approximately $25,000. Quest Partners LLC bought a new stake in shares of AAR during the second quarter valued at approximately $33,000. EverSource Wealth Advisors LLC increased its holdings in shares of AAR by 43.0% in the second quarter. EverSource Wealth Advisors LLC now owns 778 shares of the aerospace company’s stock valued at $57,000 after purchasing an additional 234 shares in the last quarter. KBC Group NV raised its position in AAR by 32.9% in the 3rd quarter. KBC Group NV now owns 1,324 shares of the aerospace company’s stock worth $87,000 after purchasing an additional 328 shares during the last quarter. Finally, L & S Advisors Inc acquired a new position in AAR during the 2nd quarter worth $218,000. 90.74% of the stock is owned by institutional investors.

About AAR

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.