Insider Selling: AAR Corp. (AIR) CEO Sells $2,201,000.00 in Stock

AAR Corp. (NYSE:AIR) CEO David P. Storch sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 28th. The shares were sold at an average price of $44.02, for a total value of $2,201,000.00. Following the completion of the sale, the chief executive officer now owns 667,259 shares in the company, valued at $29,372,741.18. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

NYSE AIR opened at $44.11 on Monday. The company has a market cap of $1,531.90, a P/E ratio of 30.42 and a beta of 1.26. AAR Corp. has a one year low of $32.57 and a one year high of $45.60. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.41 and a current ratio of 2.86.

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AAR (NYSE:AIR) last released its quarterly earnings results 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. The business had revenue of $456.30 million for the quarter, compared to analyst estimates of $475.89 million. AAR had a return on equity of 6.02% and a net margin of 1.34%. AAR’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.39 EPS. analysts forecast that AAR Corp. will post 1.81 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AIR. Magnetar Financial LLC acquired a new position in AAR during the 3rd quarter worth $449,000. Invictus RG acquired a new position in AAR during the 3rd quarter worth $404,000. Schwab Charles Investment Management Inc. lifted its holdings 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 buying an additional 14,601 shares in the last quarter. Arizona State Retirement System lifted its holdings 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 buying an additional 37,371 shares in the last quarter. Finally, American Century Companies Inc. lifted 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 worth $9,309,000 after buying an additional 32,443 shares in the last quarter. Institutional investors and hedge funds own 89.38% of the company’s stock.

Several equities research analysts have recently weighed in on AIR shares. TheStreet upgraded AAR from a “c+” rating to a “b” rating in a research note on Tuesday, March 20th. Zacks Investment Research upgraded AAR from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research report on Tuesday, February 20th. Canaccord Genuity upgraded AAR from a “hold” rating to a “buy” rating and increased their price target for the stock from $42.00 to $46.00 in a research report on Thursday, February 8th. Seaport Global Securities upgraded AAR from a “neutral” rating to a “buy” rating and increased their price target for the stock from $39.00 to $50.00 in a research report on Tuesday, January 16th. Finally, ValuEngine upgraded AAR from a “hold” rating to a “buy” rating in a research report on Thursday, March 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. AAR presently has a consensus rating of “Buy” and a consensus target price of $47.50.

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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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