AAR Corp. (NYSE:AIR) Director Peter Pace sold 5,000 shares of the firm’s stock in a transaction on 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 completion of the sale, 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 document filed with the Securities & Exchange Commission, which is available at the SEC website.
AAR Corp. (NYSE:AIR) opened at 29.34 on Wednesday. The company has a market capitalization of $994.63 million, a price-to-earnings ratio of 29.70 and a beta of 1.90. AAR Corp. has a 1-year low of $18.36 and a 1-year high of $31.23. The firm has a 50 day moving average of $26.22 and a 200-day moving average of $24.25.
AAR Corp. (NYSE:AIR) last posted its quarterly earnings results on Thursday, September 22nd. The company reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.03. AAR Corp. had a net margin of 2.03% and a return on equity of 4.70%. The company earned $404.80 million during the quarter. During the same quarter in the prior year, the company earned $0.28 earnings per share. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, equities research analysts anticipate that AAR Corp. will post $1.40 earnings per share for the current fiscal year.
A number of large investors have recently bought and sold shares of AIR. TIAA CREF Investment Management LLC raised its stake in AAR Corp. by 65.2% in the first quarter. TIAA CREF Investment Management LLC now owns 191,544 shares of the company’s stock worth $4,457,000 after buying an additional 75,574 shares in the last quarter. Springbok Capital Management LLC raised its stake 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. Spark Investment Management LLC purchased a new stake in AAR Corp. during the first quarter worth approximately $544,000. Renaissance Technologies LLC raised its stake in AAR Corp. by 3.6% in the first quarter. Renaissance Technologies LLC now owns 44,400 shares of the company’s stock worth $1,033,000 after buying an additional 1,540 shares in the last quarter. Finally, Kennedy Capital Management Inc. purchased a new stake in AAR Corp. during the first quarter worth approximately $582,000. Institutional investors own 87.85% of the company’s stock.
AIR has been the topic of a number of recent research reports. Credit Suisse Group AG reaffirmed a “buy” rating on shares of AAR Corp. in a research note on Friday, June 10th. Zacks Investment Research raised shares of AAR Corp. from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 13th. Finally, TheStreet lowered shares of AAR Corp. from a “buy” rating to a “hold” rating in a research note on Monday.
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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