Other research analysts also recently issued research reports about the company. Credit Suisse Group AG restated a buy rating on shares of AAR Corp. in a research note on Friday, June 10th. Zacks Investment Research upgraded AAR Corp. from a strong sell rating to a hold rating in a research note on Tuesday, September 13th.
Shares of AAR Corp. (NYSE:AIR) opened at 29.79 on Monday. The company’s 50 day moving average price is $26.38 and its 200-day moving average price is $24.29. The firm has a market cap of $1.01 billion, a P/E ratio of 30.15 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 results on Thursday, September 22nd. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.03. The firm had revenue of $404.80 million for the quarter. AAR Corp. had a return on equity of 4.70% and a net margin of 2.03%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.28 EPS. On average, equities research analysts anticipate that AAR Corp. will post $1.44 EPS for the current year.
In other AAR Corp. news, Director Peter Pace sold 5,000 shares of the stock in a transaction that occurred 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 directly owns 20,048 shares of the company’s stock, valued at approximately €583,998.24 ($648,886.93). The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 8.23% of the company’s stock.
Several hedge funds have recently bought and sold shares of AIR. Deprince Race & Zollo Inc. boosted its stake in AAR Corp. by 210.1% in the second quarter. Deprince Race & Zollo Inc. now owns 1,002,162 shares of the company’s stock valued at $23,390,000 after buying an additional 678,993 shares in the last quarter. Foundry Partners LLC acquired a new stake in AAR Corp. during the second quarter valued at approximately $8,299,000. Emerald Acquisition Ltd. acquired a new stake in AAR Corp. during the second quarter valued at approximately $7,433,000. Walthausen & Co. LLC boosted its stake 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 in the last quarter. Finally, Prudential Financial Inc. boosted its stake in AAR Corp. by 35.6% in the first quarter. Prudential Financial Inc. now owns 341,542 shares of the company’s stock valued at $7,948,000 after buying an additional 89,700 shares in the last quarter. 87.85% of the stock is owned by institutional investors and hedge funds.
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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