Nationwide Fund Advisors decreased its position in shares of AAR Corp. (NYSE:AIR) by 4.3% during the second quarter, Holdings Channel reports. The firm owned 94,382 shares of the company’s stock after selling 4,192 shares during the period. Nationwide Fund Advisors owned about 0.28% of AAR Corp. worth $2,203,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the stock. Fisher Asset Management LLC increased its stake in shares of 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 during the period. Deprince Race & Zollo Inc. increased its stake in shares of AAR Corp. by 210.1% in the second quarter. Deprince Race & Zollo Inc. now owns 1,002,162 shares of the company’s stock worth $23,390,000 after buying an additional 678,993 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in shares of AAR Corp. by 2.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 876,564 shares of the company’s stock worth $20,398,000 after buying an additional 21,800 shares during the period. Rothschild Asset Management Inc. increased its stake in shares of AAR Corp. by 9.1% in the second quarter. Rothschild Asset Management Inc. now owns 583,003 shares of the company’s stock worth $13,607,000 after buying an additional 48,641 shares during the period. Finally, Foundry Partners LLC bought a new stake in shares of AAR Corp. during the second quarter worth approximately $8,299,000. Institutional investors own 88.18% of the company’s stock.
AAR Corp. (NYSE:AIR) traded up 1.09% during mid-day trading on Wednesday, hitting $31.46. The stock had a trading volume of 18,364 shares. The company has a market cap of $1.07 billion, a P/E ratio of 31.84 and a beta of 1.64. AAR Corp. has a 1-year low of $18.36 and a 1-year high of $32.15. The company has a 50-day moving average price of $28.32 and a 200 day moving average price of $24.89.
AAR Corp. (NYSE:AIR) last issued its quarterly earnings results on Thursday, September 22nd. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.03. The business earned $404.80 million during the quarter. AAR Corp. had a net margin of 2.03% and a return on equity of 4.70%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.28 EPS. Equities research analysts forecast that AAR Corp. will post $1.44 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 4th. Investors of record on Monday, October 24th will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.96%. AAR Corp.’s dividend payout ratio is currently 30.00%.
A number of analysts have recently issued reports on the company. Zacks Investment Research lowered AAR Corp. from a “hold” rating to a “strong sell” rating in a report on Friday, July 15th. TheStreet upgraded AAR Corp. from a “hold” rating to a “buy” rating in a report on Wednesday, July 13th. Finally, Credit Suisse Group AG restated a “buy” rating and issued a $74.00 target price on shares of AAR Corp. in a report on Tuesday.
In related news, VP John Mcclain Holmes III sold 11,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 11th. The shares were sold at an average price of €31.45 ($34.94), for a total value of €361,675.00 ($401,861.11). Following the completion of the sale, the vice president now owns 140,417 shares of the company’s stock, valued at €4,416,114.65 ($4,906,794.06). The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Robert J. Regan sold 14,002 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the vice president now directly owns 141,314 shares of the company’s stock, valued at approximately €4,369,428.88 ($4,854,920.98). The disclosure for this sale can be found here. 8.23% of the stock is currently owned by corporate insiders.
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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