AAR Corp. (AIR) CEO David P. Storch Sells 48,500 Shares

AAR Corp. (NYSE:AIR) CEO David P. Storch sold 48,500 shares of AAR stock in a transaction dated Thursday, April 5th. The stock was sold at an average price of $43.73, for a total value of $2,120,905.00. Following the completion of the transaction, the chief executive officer now directly owns 666,673 shares in the company, valued at approximately $29,153,610.29. The sale was disclosed in a document filed with the SEC, which is available at this link.

Shares of NYSE AIR opened at $43.80 on Thursday. AAR Corp. has a one year low of $32.57 and a one year high of $45.60. The stock has a market cap of $1,515.24, a price-to-earnings ratio of 30.21 and a beta of 1.22. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.86 and a quick ratio of 1.41.

AAR (NYSE:AIR) last announced its quarterly earnings data on Tuesday, March 20th. The aerospace company reported $0.49 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.01. AAR had a return on equity of 6.02% and a net margin of 1.34%. The firm had revenue of $456.30 million during the quarter, compared to analyst estimates of $475.89 million. During the same period last year, the company posted $0.39 EPS. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. equities analysts expect that AAR Corp. will post 1.81 EPS for the current year.



A number of equities analysts recently weighed in on the company. TheStreet cut AAR from a “b” rating to a “c+” rating in a research note on Thursday, December 21st. Credit Suisse Group lifted their price target on AAR to $51.00 and gave the stock an “outperform” rating in a research note on Thursday, March 22nd. Noble Financial restated a “buy” rating on shares of AAR in a research report on Thursday, March 22nd. ValuEngine upgraded AAR from a “hold” rating to a “buy” rating in a research report on Thursday, March 8th. Finally, Zacks Investment Research upgraded AAR from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research report on Tuesday, February 20th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. AAR has a consensus rating of “Buy” and an average target price of $49.00.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Teachers Advisors LLC boosted its position in AAR by 2.3% during the 4th quarter. Teachers Advisors LLC now owns 58,068 shares of the aerospace company’s stock worth $2,281,000 after acquiring an additional 1,303 shares during the period. American International Group Inc. lifted its holdings in shares of AAR by 5.9% during the 3rd quarter. American International Group Inc. now owns 25,486 shares of the aerospace company’s stock valued at $963,000 after buying an additional 1,420 shares during the last quarter. Swiss National Bank lifted its holdings in shares of AAR by 4.1% during the 4th quarter. Swiss National Bank now owns 55,700 shares of the aerospace company’s stock valued at $2,188,000 after buying an additional 2,200 shares during the last quarter. UBS Asset Management Americas Inc. lifted its holdings in shares of AAR by 12.9% during the 4th quarter. UBS Asset Management Americas Inc. now owns 20,840 shares of the aerospace company’s stock valued at $819,000 after buying an additional 2,374 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of AAR by 5.3% during the 3rd quarter. Legal & General Group Plc now owns 65,599 shares of the aerospace company’s stock valued at $2,478,000 after buying an additional 3,317 shares during the last quarter. Hedge funds and other institutional investors own 89.38% of the company’s stock.

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About AAR

AAR CORP. (AAR) is a provider of services and products to the commercial aviation and government and defense markets. The Company operates in two segments: Aviation Services, which consists of supply chain and maintenance, repair and overhaul (MRO) activities, and Expeditionary Services, which includes airlift and mobility activities.

Insider Buying and Selling by Quarter for AAR (NYSE:AIR)

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