AAR Corp. (NYSE:AIR) Director Peter Pace sold 5,000 shares of the firm’s stock in a transaction on Monday, September 26th. The shares were sold at an average price of €29.13 ($32.37), for a total value of €145,650.00 ($161,833.33). Following the completion of the sale, the director now directly owns 20,048 shares in the company, valued at approximately €583,998.24 ($648,886.93). The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Shares of AAR Corp. (NYSE:AIR) opened at 29.03 on Tuesday. The firm has a market cap of $984.12 million, a P/E ratio of 29.38 and a beta of 1.90. AAR Corp. has a one year low of $18.36 and a one year high of $31.23. The firm has a 50 day moving average price of $26.07 and a 200-day moving average price of $24.20.
AAR Corp. (NYSE:AIR) last posted its quarterly earnings data on Thursday, September 22nd. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.26 by $0.03. AAR Corp. had a return on equity of 4.50% and a net margin of 2.87%. The business had revenue of $404.80 million for the quarter. During the same quarter in the previous year, the company posted $0.28 EPS. AAR Corp.’s revenue for the quarter was up 4.7% on a year-over-year basis. Analysts forecast that AAR Corp. will post $1.40 earnings per share for the current year.
Institutional investors have recently bought and sold shares of the stock. Mason Street Advisors LLC purchased a new position in AAR Corp. during the second quarter valued at approximately $149,000. Public Employees Retirement System of Ohio increased its position in AAR Corp. by 12.1% in the second quarter. Public Employees Retirement System of Ohio now owns 6,223 shares of the company’s stock valued at $145,000 after buying an additional 670 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in AAR Corp. by 7.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 244,497 shares of the company’s stock valued at $5,707,000 after buying an additional 16,265 shares during the last quarter. Walthausen & Co. LLC increased its position in AAR Corp. by 61.6% in the second quarter. Walthausen & Co. LLC now owns 269,160 shares of the company’s stock valued at $6,282,000 after buying an additional 102,650 shares during the last quarter. Finally, Arizona State Retirement System increased its position in AAR Corp. by 0.6% in the second quarter. Arizona State Retirement System now owns 16,946 shares of the company’s stock valued at $396,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 87.85% of the company’s stock.
AIR has been the topic of a number of research analyst reports. Credit Suisse Group AG reaffirmed a “buy” rating on shares of AAR Corp. in a report on Friday, June 10th. TheStreet raised AAR Corp. from a “hold” rating to a “buy” rating in a report on Wednesday, July 13th. Finally, Zacks Investment Research downgraded AAR Corp. from a “hold” rating to a “strong sell” rating in a report on Friday, July 15th.
AAR Corp. Company Profile
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.
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