Insider Selling: AAR Corp. (AIR) CEO Sells 48,500 Shares of Stock


AAR Corp. (NYSE:AIR) CEO David P. Storch sold 48,500 shares of the stock in a transaction that occurred on Thursday, April 5th. The stock was sold at an average price of $43.73, for a total transaction of $2,120,905.00. Following the completion of the transaction, the chief executive officer now owns 666,673 shares in the company, valued at approximately $29,153,610.29. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.


NYSE AIR traded up $0.17 on Wednesday, reaching $43.80. 155,912 shares of the stock were exchanged, compared to its average volume of 276,410. 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 $1,482.60, a price-to-earnings ratio of 30.21 and a beta of 1.22. The company has a current ratio of 2.86, a quick ratio of 1.41 and a debt-to-equity ratio of 0.21.

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AAR (NYSE:AIR) last released its earnings results on Tuesday, March 20th. The aerospace company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. AAR had a net margin of 1.34% and a return on equity of 6.02%. The company had revenue of $456.30 million for the quarter, compared to analysts’ expectations of $475.89 million. During the same quarter last year, the business earned $0.39 EPS. The firm’s revenue was up 12.1% compared to the same quarter last year. sell-side analysts forecast that AAR Corp. will post 1.81 EPS for the current year.


Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Magnetar Financial LLC bought a new stake in AAR during the 3rd quarter worth approximately $449,000. Schwab Charles Investment Management Inc. raised its stake in AAR by 4.7% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 325,904 shares of the aerospace company’s stock worth $12,805,000 after acquiring an additional 14,601 shares during the period. Arizona State Retirement System raised its stake in AAR by 223.2% during the 4th quarter. Arizona State Retirement System now owns 54,117 shares of the aerospace company’s stock worth $2,126,000 after acquiring an additional 37,371 shares during the period. American Century Companies Inc. grew its holdings in AAR by 15.9% during the 4th quarter. American Century Companies Inc. now owns 236,924 shares of the aerospace company’s stock valued at $9,309,000 after buying an additional 32,443 shares in the last quarter. Finally, Teacher Retirement System of Texas purchased a new stake in AAR during the 4th quarter valued at approximately $442,000. Institutional investors own 89.38% of the company’s stock.


Several equities analysts have recently weighed in on AIR shares. Seaport Global Securities upgraded shares of AAR from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $39.00 to $50.00 in a research note on Tuesday, January 16th. Credit Suisse Group upgraded shares of AAR from a “neutral” rating to an “outperform” rating in a research note on Friday, January 12th. Canaccord Genuity upgraded shares of AAR from a “hold” rating to a “buy” rating and increased their price objective for the stock from $42.00 to $46.00 in a research note on Thursday, February 8th. ValuEngine upgraded shares of AAR from a “hold” rating to a “buy” rating in a research note on Friday, March 2nd. Finally, Zacks Investment Research cut shares of AAR from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $49.00.


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AAR Company Profile

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.

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