AAR Corp CEO John Holmes sells shares value $354,026

John McClain Holmes III, the Chairman, President, and CEO of AAR Corp (NYSE:AIR), lately bought 5,000 shares of the corporate. The aviation providers supplier, presently valued at $2.55 billion, has seen its inventory surge 14.57% year-to-date, demonstrating robust momentum regardless of buying and selling at a comparatively excessive P/E ratio of 246.3. The shares had been bought at a median worth of $70.8053, amounting to a complete transaction worth of $354,026. Following this transaction, Holmes retains possession of 341,680 shares. The shares had been bought in a number of transactions, with costs starting from $70.26 to $71.3534. In line with InvestingPro evaluation, AIR reveals robust monetary well being with a present ratio of two.68, although the inventory seems barely overvalued at present ranges. InvestingPro subscribers have entry to eight further key insights and a complete Professional Analysis Report for deeper evaluation.

In different current information, AAR Company reported robust fiscal second quarter outcomes, surpassing analyst expectations. The corporate posted adjusted earnings per share of $0.90, exceeding the analyst consensus of $0.88. Income for the quarter rose by 26% year-over-year, reaching $686.1 million, significantly larger than estimates of $654.18 million. As well as, AAR Corp introduced the departure of Senior Vice President and Chief Human Sources Officer, Tracey Patterson, who will probably be leaving the corporate to pursue a brand new skilled alternative exterior of the aviation trade. KeyBanc Capital Markets initiated protection on AAR Company shares, assigning an Chubby score and setting a worth goal of $83.00. The agency’s analyst pointed to the aviation and protection trade’s multiyear up-cycle as a optimistic atmosphere for AAR, significantly within the aftermarket sector. These are current developments regarding AAR Company.

This text was generated with the help of AI and reviewed by an editor. For extra info see our T&C.