Christopher A. Jessup Sells 14,973 Shares of AAR Corp. (NYSE:AIR) Stock

AAR Corp. (NYSE:AIR) SVP Christopher A. Jessup sold 14,973 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $70.05, for a total transaction of $1,048,858.65. Following the completion of the sale, the senior vice president now owns 51,803 shares in the company, valued at $3,628,800.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

AAR Trading Down 0.1 %

AAR stock opened at $71.05 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.33 and a current ratio of 2.90. The stock has a 50-day simple moving average of $64.08 and a 200 day simple moving average of $63.95. The stock has a market capitalization of $2.52 billion, a P/E ratio of 41.79 and a beta of 1.60. AAR Corp. has a 52 week low of $50.06 and a 52 week high of $73.95.

AAR (NYSE:AIR) last issued its earnings results on Thursday, March 21st. The aerospace company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.84 by $0.01. AAR had a return on equity of 10.17% and a net margin of 2.73%. The company had revenue of $567.30 million during the quarter, compared to the consensus estimate of $567.63 million. Analysts expect that AAR Corp. will post 3.3 earnings per share for the current year.

Hedge Funds Weigh In On AAR

Several institutional investors and hedge funds have recently modified their holdings of AIR. First Eagle Investment Management LLC boosted its holdings in shares of AAR by 36.9% during the 3rd quarter. First Eagle Investment Management LLC now owns 190,928 shares of the aerospace company’s stock worth $11,366,000 after buying an additional 51,438 shares during the period. Loomis Sayles & Co. L P grew its position in shares of AAR by 11.7% in the third quarter. Loomis Sayles & Co. L P now owns 680,241 shares of the aerospace company’s stock valued at $40,494,000 after purchasing an additional 71,272 shares during the last quarter. Gotham Asset Management LLC increased its stake in shares of AAR by 20.4% during the third quarter. Gotham Asset Management LLC now owns 5,867 shares of the aerospace company’s stock worth $349,000 after purchasing an additional 996 shares during the period. Illinois Municipal Retirement Fund acquired a new stake in AAR during the 3rd quarter worth approximately $1,190,000. Finally, Qube Research & Technologies Ltd boosted its stake in AAR by 39.0% in the 3rd quarter. Qube Research & Technologies Ltd now owns 40,800 shares of the aerospace company’s stock valued at $2,429,000 after purchasing an additional 11,445 shares during the period. 90.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AIR has been the topic of a number of research reports. William Blair began coverage on shares of AAR in a research note on Monday, January 29th. They issued an “outperform” rating on the stock. Benchmark upped their target price on shares of AAR from $65.00 to $83.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $80.00 price target on shares of AAR in a research note on Friday, March 22nd. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $81.25.

About AAR

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. It operates through Aviation Services and Expeditionary Services segments. The Aviation Services segment engages in lease and sale of new, overhauled and repaired engine, and airframe parts and components, as well as aircrafts; and offers customized flight hour component inventory and repair, warranty claim management, and outsourcing programs for engine and airframe parts and components.