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

AAR Corp. (NYSE:AIR) CFO Sean M. Gillen sold 17,385 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $66.33, for a total value of $1,153,147.05. Following the completion of the transaction, the chief financial officer now directly owns 72,326 shares of the company’s stock, valued at $4,797,383.58. This trade represents a 19.38 % 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 link.

AAR Trading Up 0.7 %

NYSE AIR opened at $67.59 on Friday. The firm’s fifty day moving average is $64.86 and its two-hundred day moving average is $65.31. AAR Corp. has a one year low of $54.71 and a one year high of $76.34. 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 firm has a market cap of $2.43 billion, a PE ratio of 37.14 and a beta of 1.61.

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

Institutional Trading of AAR

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

Analyst Upgrades and Downgrades

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

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.