Gold prices briefly hit record high over $3,500/oz on fiscal, tariff concerns
John McClain III Holmes, Chairman, President, and CEO of AAR Corp (NYSE:AIR), executed a series of transactions involving the company's common stock on January 10, 2025. According to a recent SEC filing, Holmes sold shares totaling approximately $8.57 million. The shares were sold at prices ranging from $65.8368 to $67.403 per share, with the stock currently trading at $69.55. With a beta of 1.61, InvestingPro data indicates the stock has shown significant price volatility.
In addition to the sales, Holmes acquired shares through the exercise of stock options. The total value of the acquired shares was approximately $3.16 million, with exercise prices ranging from $18.94 to $37.66 per share. Following these transactions, Holmes holds a total of 346,680 shares directly in the $2.47 billion market cap company. According to InvestingPro analysis, AAR Corp maintains strong liquidity with a current ratio of 2.68, though the stock appears slightly overvalued based on Fair Value calculations. For deeper insights into insider trading patterns and company fundamentals, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, AAR Corp announced the departure of Senior Vice President and Chief Human Resources Officer, Tracey Patterson. Patterson, who joined the aviation services provider in 2023, will leave her position in early 2025 to pursue a new professional opportunity. AAR Corp has not yet announced a successor, but assured that the transition will be managed to ensure continuity in the Human Resources department.
In financial developments, AAR Corp recently reported robust fiscal second quarter results, surpassing analyst expectations. The company posted adjusted earnings per share of $0.90, exceeding the analyst consensus of $0.88. Revenue for the quarter rose by 26% year-over-year, reaching $686.1 million, significantly higher than estimates of $654.18 million.
AAR Corp also experienced notable organic growth of 12% in the quarter, a considerable increase from 6% in the first quarter. CEO John M. Holmes anticipates continued strong sales growth and further margin improvements in the latter half of the fiscal year 2025. These recent developments highlight the company's ongoing progress and performance.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.