AAR Corp senior VP sells $2.39 million in inventory

Christopher A. Jessup, Senior Vice President and Chief Industrial Officer at AAR Corp (NYSE:AIR), made important transactions involving the corporate’s inventory on January 15 and 16, 2025. Jessup bought a complete of 33,981 shares, producing roughly $2.39 million. The gross sales have been executed at costs starting from $70.185 to $70.416 per share, near the present buying and selling value of $70.83. In keeping with InvestingPro knowledge, analyst value targets for AIR vary from $75 to $85, suggesting potential upside.

Along with the gross sales, Jessup acquired 26,893 shares via inventory possibility workouts at a value of $18.94 per share, equal to a complete worth of $509,353. Following these transactions, Jessup’s direct possession stands at 63,208.525 shares. InvestingPro evaluation exhibits AAR Corp maintains robust liquidity with a present ratio of two.68, whereas buying and selling at a notably excessive P/E ratio of 241. Get entry to 7 extra key insights and complete evaluation with an InvestingPro subscription.

In different current information, AAR Corp has been making notable strides within the aviation and protection business. KeyBanc Capital Markets initiated protection on AAR Company, assigning an Chubby ranking with a value goal of $83.00, citing the business’s multiyear up-cycle as a positive surroundings for the corporate. The agency’s analysts anticipate AAR to profit from elevated demand for aftermarket elements as older plane are reintroduced into service.

AAR Corp’s income progress of 18.5% previously twelve months, coupled with a wholesome present ratio of two.68x, signifies robust operational effectivity. The corporate’s current mergers and acquisitions, together with the acquisition of Triumph Group (NYSE:TGI), have expanded AAR’s progress and scaling capabilities. Regardless of a leverage ratio greater than its historic averages, KeyBanc predicts that AAR’s free money move era will normalize leverage ranges within the subsequent 12 to 18 months.

In personnel adjustments, AAR Corp introduced the departure of Senior Vice President and Chief Human Assets Officer, Tracey Patterson, who shall be pursuing a brand new skilled alternative outdoors of the aviation business. In its fiscal second quarter, AAR Corp outperformed analyst expectations, reporting adjusted earnings per share of $0.90 and a 26% year-over-year income improve to $686.1 million. The corporate additionally skilled important natural progress within the quarter, with the Elements Provide section and Restore & Engineering income rising by 20% and 57% respectively, in comparison with the earlier 12 months.

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