AAR Corp. (NYSE:AIR) VP Robert J. Regan sold 14,002 shares of AAR Corp. stock in a transaction dated 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 owns 141,314 shares in the company, valued at €4,369,428.88 ($4,854,920.98). The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
AAR Corp. (NYSE:AIR) opened at 31.99 on Friday. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 32.38 and a beta of 1.64. AAR Corp. has a 12-month low of $18.36 and a 12-month high of $32.15. The company’s 50-day moving average price is $27.67 and its 200-day moving average price is $24.68.
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 analysts’ consensus estimates of $0.26 by $0.03. The business 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 business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.28 earnings per share. Equities analysts expect that AAR Corp. will post $1.44 EPS for the current fiscal year.
A number of hedge funds have recently made changes to their positions in the stock. Teacher Retirement System of Texas boosted 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 worth $109,000 after buying an additional 559 shares during the period. Nisa Investment Advisors LLC boosted 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 worth $127,000 after buying an additional 150 shares during the period. Springbok Capital Management LLC boosted 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 worth $144,000 after buying an additional 6,100 shares during the period. Public Employees Retirement System of Ohio boosted 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 worth $145,000 after buying an additional 670 shares during the period. Finally, Mason Street Advisors LLC bought a new stake in shares of AAR Corp. during the second quarter worth $149,000. Hedge funds and other institutional investors own 87.85% of the company’s stock.
A number of brokerages recently weighed in on AIR. TheStreet cut shares of AAR Corp. from a “buy” rating to a “hold” rating in a research note on Monday, September 26th. 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. Finally, Credit Suisse Group AG restated a “buy” rating on shares of AAR Corp. in a research note on Friday, June 10th.
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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