Director Billy Nolen executed a sale of 1,562 shares of AAR CORP (NYSE:AIR) common stock on March 26, 2026, bringing in proceeds of $173,384. The shares were sold at a weighted average price in the narrow band from $111.0000 to $111.0100.
After the transaction, Nolen no longer holds any direct shares of AAR CORP. The trade was completed on March 26, 2026, and the paperwork indicates the transaction was signed on his behalf by Katherine Kwiat under a power of attorney.
Market context for the sale: AAR stock has risen 62% over the prior 12 months. As of the latest reference point in the filing, shares were trading at $108.98.
Company performance and analyst response
AAR Corporation reported third-quarter results for fiscal year 2026 that exceeded consensus estimates on both the earnings and revenue lines. The company posted earnings per share of $1.25, topping the expected $1.16, and reported revenue of $845 million versus an anticipated $812.2 million.
Following those results, a number of analyst firms adjusted their outlooks:
- Jefferies raised its price target to $150 and kept a Buy rating.
- RBC Capital raised its price target to $125, citing the company’s strong performance.
- Truist Securities reiterated a Buy rating and set a $128 price target, highlighting robust parts distribution growth.
- KeyBanc increased its price target to $120, noting AAR’s execution in gaining market share and achieving operational efficiencies.
These analyst moves and the company’s reported results signal positive momentum and reflect the market’s response to AAR’s recent operational and financial performance.
Summary of the transaction and recent developments
- Insider sale: 1,562 shares sold by director Billy Nolen on March 26, 2026, for $173,384.
- Sale price range: weighted average between $111.0000 and $111.0100.
- Post-sale ownership: Nolen holds 0 direct shares.
- Execution: transaction signed by Katherine Kwiat under power of attorney.
- Company performance: Q3 FY2026 EPS of $1.25 and revenue of $845 million, both above expectations.
- Analyst actions: multiple firms raised price targets and/or reiterated Buy ratings following the results.