Sean M. Gillen Sells 17,385 Shares of AAR Corp. (NYSE:AIR) Stock

AAR Corp. (NYSE:AIR) CFO Sean M. Gillen sold 17,385 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The stock was 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 directly owns 72,326 shares in the company, valued at $4,797,383.58. The trade was a 19.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

AAR Stock Performance

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

AAR (NYSE:AIR) last posted its earnings results on Tuesday, January 7th. The aerospace company reported $0.90 EPS for the quarter, topping 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 period in the previous year, the firm posted $0.81 earnings per share. The firm’s revenue for the quarter was up 25.8% on a year-over-year basis. Analysts forecast that AAR Corp. will post 3.63 EPS for the current fiscal year.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AIR. Principal Financial Group Inc. raised its position in AAR by 18.5% in the 3rd quarter. Principal Financial Group Inc. now owns 500,200 shares of the aerospace company’s stock valued at $32,693,000 after buying an additional 77,974 shares during the last quarter. Barclays PLC raised its holdings in shares of AAR by 269.4% in the third quarter. Barclays PLC now owns 66,223 shares of the aerospace company’s stock valued at $4,328,000 after purchasing an additional 48,298 shares during the last quarter. Earnest Partners LLC lifted its position in shares of AAR by 3.2% during the second quarter. Earnest Partners LLC now owns 1,588,893 shares of the aerospace company’s stock valued at $115,513,000 after purchasing an additional 48,630 shares in the last quarter. Stifel Financial Corp boosted its holdings in AAR by 4.1% during the third quarter. Stifel Financial Corp now owns 22,859 shares of the aerospace company’s stock worth $1,494,000 after purchasing an additional 893 shares during the last quarter. Finally, Daiwa Securities Group Inc. purchased a new position in AAR during the second quarter worth about $2,330,000. Institutional investors own 90.74% of the company’s stock.

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.