AAR Corp. (NYSE:AIR) was downgraded by analysts at TheStreet from a “buy” rating to a “hold” rating in a report issued on Monday.
Several other equities analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of AAR Corp. from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 13th. Credit Suisse Group AG restated a “buy” rating on shares of AAR Corp. in a research note on Friday, June 10th.
AAR Corp. (NYSE:AIR) traded up 1.07% during midday trading on Monday, hitting $29.34. The stock had a trading volume of 296,320 shares. The stock has a 50 day moving average of $26.22 and a 200 day moving average of $24.25. The stock has a market cap of $994.63 million, a price-to-earnings ratio of 29.70 and a beta of 1.90. AAR Corp. has a 12 month low of $18.36 and a 12 month high of $31.23.
AAR Corp. (NYSE:AIR) last released its quarterly earnings data on Thursday, September 22nd. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.03. AAR Corp. had a net margin of 2.87% and a return on equity of 4.50%. The company earned $404.80 million during the quarter. During the same quarter in the prior year, the company earned $0.28 EPS. The business’s revenue was up 4.7% on a year-over-year basis. Analysts expect that AAR Corp. will post $1.40 EPS for the current fiscal year.
In related news, Director Peter Pace sold 5,000 shares of the firm’s stock in a transaction dated Monday, September 26th. The stock was sold at an average price of €29.13 ($32.37), for a total transaction of €145,650.00 ($161,833.33). Following the transaction, the director now owns 20,048 shares of the company’s stock, valued at €583,998.24 ($648,886.93). The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 8.23% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. Fisher Asset Management LLC raised its position in AAR Corp. by 3.3% in the second quarter. Fisher Asset Management LLC now owns 1,063,863 shares of the company’s stock worth $25,533,000 after buying an additional 33,828 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in AAR Corp. by 101.1% in the second quarter. BNP Paribas Arbitrage SA now owns 10,865 shares of the company’s stock worth $254,000 after buying an additional 5,462 shares in the last quarter. Arizona State Retirement System raised its position in AAR Corp. by 1.8% in the first quarter. Arizona State Retirement System now owns 16,846 shares of the company’s stock worth $392,000 after buying an additional 300 shares in the last quarter. Springbok Capital Management LLC raised its position in AAR Corp. by 6,100.0% in the first quarter. Springbok Capital Management LLC now owns 6,200 shares of the company’s stock worth $144,000 after buying an additional 6,100 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its position in AAR Corp. by 4.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 9,400 shares of the company’s stock worth $219,000 after buying an additional 400 shares in the last quarter. 87.85% of the stock is currently owned by hedge funds and other institutional investors.
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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