John Mcclain Holmes III Sells 20,767 Shares of AAR Corp. (NYSE:AIR) Stock

AAR Corp. (NYSE:AIR – Get Rating) CEO John Mcclain Holmes III sold 20,767 shares of the company’s stock in a transaction dated Wednesday, January 18th. The stock was sold at an average price of $49.27, for a total transaction of $1,023,190.09. Following the completion of the transaction, the chief executive officer now owns 268,611 shares in the company, valued at approximately $13,234,463.97. The sale was disclosed in a legal filing with the SEC, which is available through this link.

John Mcclain Holmes III also recently made the following trade(s):

• On Friday, January 20th, John Mcclain Holmes III sold 14,233 shares of AAR stock. The stock was sold at an average price of $48.03, for a total transaction of $683,610.99.
• On Tuesday, January 3rd, John Mcclain Holmes III sold 10,000 shares of AAR stock. The stock was sold at an average price of $44.37, for a total transaction of $443,700.00.
• On Wednesday, December 28th, John Mcclain Holmes III sold 798 shares of AAR stock. The shares were sold at an average price of $44.25, for a total transaction of $35,311.50.
• On Monday, October 31st, John Mcclain Holmes III sold 57,000 shares of AAR stock. The shares were sold at an average price of $44.53, for a total transaction of $2,538,210.00.

AAR Trading Up 0.3 %

AAR stock opened at $48.20 on Friday. The company has a current ratio of 3.28, a quick ratio of 1.44 and a debt-to-equity ratio of 0.19. AAR Corp. has a 12-month low of $33.75 and a 12-month high of $52.83. The firm has a 50 day moving average of $45.89 and a 200 day moving average of $43.55. The firm has a market capitalization of $1.66 billion, a price-to-earnings ratio of 18.83 and a beta of 1.54.

AAR (NYSE:AIR – Get Rating) last announced its quarterly earnings data on Tuesday, December 20th. The aerospace company reported $0.69 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.69. AAR had a net margin of 4.97% and a return on equity of 9.19%. The business had revenue of $469.80 million during the quarter, compared to analyst estimates of $458.91 million. As a group, research analysts predict that AAR Corp. will post 3.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AIR. TheStreet upgraded shares of AAR from a “c+” rating to a “b-” rating in a research note on Thursday, November 10th. Truist Financial increased their price objective on shares of AAR from $52.00 to $57.00 and gave the stock a “buy” rating in a research note on Monday, January 9th. Finally, StockNews.com cut shares of AAR from a “buy” rating to a “hold” rating in a research note on Wednesday, December 21st.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of AIR. Bank of New York Mellon Corp grew its holdings in shares of AAR by 4.9% in the first quarter. Bank of New York Mellon Corp now owns 417,741 shares of the aerospace company’s stock valued at $20,231,000 after purchasing an additional 19,617 shares in the last quarter. Bank of Montreal Can lifted its position in AAR by 8.0% in the first quarter. Bank of Montreal Can now owns 18,177 shares of the aerospace company’s stock worth $890,000 after buying an additional 1,345 shares during the last quarter. MetLife Investment Management LLC lifted its position in AAR by 56.7% in the first quarter. MetLife Investment Management LLC now owns 18,230 shares of the aerospace company’s stock worth $883,000 after buying an additional 6,595 shares during the last quarter. Rhumbline Advisers lifted its position in AAR by 4.6% in the first quarter. Rhumbline Advisers now owns 110,106 shares of the aerospace company’s stock worth $5,332,000 after buying an additional 4,874 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in AAR by 14.1% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 28,743 shares of the aerospace company’s stock worth $1,392,000 after buying an additional 3,542 shares during the last quarter. 94.30% of the stock is owned by hedge funds and other institutional investors.

AAR Company Profile

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AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. The Aviation Services segment offers aftermarket support and services; inventory management and distribution services; and maintenance, repair, and overhaul, as well as engineering services. This segment also sells and leases new, overhauled, and repaired engine and airframe parts, and components; and provides inventory and repair programs, warranty claim management, and outsourcing programs for engine and airframe parts and components, as well as performance-based supply chain logistics programs in support of the U.S.