AAR Corp. (NYSE:AIR – Get Free Report) CEO John Mcclain Holmes III sold 5,000 shares of the stock in a transaction on Friday, January 17th. The stock was sold at an average price of $70.81, for a total value of $354,050.00. Following the sale, the chief executive officer now directly owns 341,680 shares of the company’s stock, valued at approximately $24,194,360.80. This represents a 1.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
John Mcclain Holmes III also recently made the following trade(s):
- On Friday, January 10th, John Mcclain Holmes III sold 128,427 shares of AAR stock. The shares were sold at an average price of $66.76, for a total transaction of $8,573,786.52.
AAR Stock Up 2.9 %
AAR stock traded up $2.04 during trading on Tuesday, reaching $72.25. 185,465 shares of the company’s stock were exchanged, compared to its average volume of 360,579. The company’s 50-day moving average is $65.83 and its two-hundred day moving average is $65.11. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.27 and a current ratio of 2.68. AAR Corp. has a 52-week low of $54.71 and a 52-week high of $76.34. The firm has a market cap of $2.59 billion, a price-to-earnings ratio of 258.03 and a beta of 1.61.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in AIR. Toth Financial Advisory Corp increased its holdings in AAR by 133.3% during the 4th quarter. Toth Financial Advisory Corp now owns 1,400 shares of the aerospace company’s stock worth $86,000 after purchasing an additional 800 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of AAR by 52.1% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,711 shares of the aerospace company’s stock valued at $166,000 after buying an additional 929 shares during the period. Inspire Investing LLC grew its holdings in shares of AAR by 3.3% during the fourth quarter. Inspire Investing LLC now owns 6,505 shares of the aerospace company’s stock valued at $399,000 after purchasing an additional 205 shares during the last quarter. SG Americas Securities LLC acquired a new stake in AAR in the fourth quarter worth $1,539,000. Finally, Sheets Smith Wealth Management lifted its position in AAR by 3.2% in the 4th quarter. Sheets Smith Wealth Management now owns 7,015 shares of the aerospace company’s stock valued at $430,000 after purchasing an additional 220 shares during the last quarter. 90.74% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several analysts recently commented on AIR shares. StockNews.com upgraded shares of AAR from a “sell” rating to a “hold” rating in a research note on Friday. KeyCorp assumed coverage on AAR in a research report on Thursday, January 16th. They set an “overweight” rating and a $83.00 price objective for the company. Benchmark reaffirmed a “buy” rating and issued a $83.00 price objective on shares of AAR in a research report on Friday, October 4th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $75.00 price target on shares of AAR in a research report on Monday, November 4th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $81.50.
Read Our Latest Stock Report on AAR
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.
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