Other equities research analysts also recently issued research reports about the company. Zacks Investment Research downgraded AAR Corp. from a hold rating to a strong sell rating in a research report on Friday, July 15th. TheStreet upgraded AAR Corp. from a hold rating to a buy rating in a research report on Wednesday, July 13th.
Shares of AAR Corp. (NYSE:AIR) opened at 30.96 on Tuesday. AAR Corp. has a 12 month low of $18.36 and a 12 month high of $32.15. The stock has a market capitalization of $1.05 billion, a PE ratio of 31.34 and a beta of 1.64. The company’s 50 day moving average price is $28.69 and its 200 day moving average price is $24.98.
AAR Corp. (NYSE:AIR) last announced its quarterly earnings data on Thursday, September 22nd. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.03. AAR Corp. had a return on equity of 4.70% and a net margin of 2.03%. The company earned $404.80 million during the quarter. During the same quarter last year, the company posted $0.28 EPS. AAR Corp.’s revenue was up 4.7% on a year-over-year basis. Equities analysts anticipate that AAR Corp. will post $1.44 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 4th. Shareholders of record on Monday, October 24th will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 0.97%. The ex-dividend date is Thursday, October 20th. AAR Corp.’s dividend payout ratio (DPR) is currently 30.00%.
In other AAR Corp. news, Director Peter Pace sold 5,000 shares of the business’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 transaction of €145,650.00 ($161,833.33). Following the sale, the director now directly owns 20,048 shares of the company’s stock, valued at approximately €583,998.24 ($648,886.93). The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Robert J. Regan sold 14,002 shares of the business’s stock in a transaction on Monday, October 3rd. The shares were sold at an average price of €30.92 ($34.36), for a total transaction of €432,941.84 ($481,046.49). Following the sale, the vice president now directly owns 141,314 shares in the company, valued at €4,369,428.88 ($4,854,920.98). The disclosure for this sale can be found here. Company insiders own 8.23% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. Teacher Retirement System of Texas increased its stake in shares of AAR Corp. by 13.6% in the second quarter. Teacher Retirement System of Texas now owns 4,673 shares of the company’s stock valued at $109,000 after buying an additional 559 shares during the period. MSI Financial Services Inc increased its stake in shares of AAR Corp. by 1,151.9% in the third quarter. MSI Financial Services Inc now owns 3,568 shares of the company’s stock valued at $112,000 after buying an additional 3,283 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of AAR Corp. by 2.8% in the second quarter. Nisa Investment Advisors LLC now owns 5,450 shares of the company’s stock valued at $127,000 after buying an additional 150 shares during the period. Springbok Capital Management LLC increased its stake in shares of AAR Corp. by 6,100.0% in the first quarter. Springbok Capital Management LLC now owns 6,200 shares of the company’s stock valued at $144,000 after buying an additional 6,100 shares during the period. Finally, Public Employees Retirement System of Ohio increased its stake in shares of 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 period. 88.18% of the stock is currently owned by institutional investors.
About AAR Corp.
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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