AAR Corp. (NYSE:AIR)‘s stock had its “buy” rating restated by equities research analysts at Credit Suisse Group AG in a report issued on Tuesday. They presently have a $74.00 price target on the stock.
Other research analysts also recently issued research reports about the stock. TheStreet raised shares of AAR Corp. from a “hold” rating to a “buy” rating in a research report on Wednesday, July 13th. Zacks Investment Research raised shares of AAR Corp. from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 13th.
Shares of AAR Corp. (NYSE:AIR) opened at 31.50 on Tuesday. The company has a market capitalization of $1.07 billion, a PE ratio of 31.88 and a beta of 1.64. AAR Corp. has a one year low of $18.36 and a one year high of $32.15. The company has a 50-day moving average of $28.51 and a 200-day moving average of $24.94.
AAR Corp. (NYSE:AIR) last released its 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 firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period last year, the business posted $0.28 EPS. On average, analysts anticipate that AAR Corp. will post $1.44 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 4th. Investors of record on Monday, October 24th will be given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Thursday, October 20th. AAR Corp.’s dividend payout ratio (DPR) is currently 30.00%.
In other news, VP John Mcclain Holmes III sold 11,500 shares of AAR Corp. stock in a transaction dated 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 transaction, the vice president now owns 140,417 shares of the company’s stock, valued at approximately €4,416,114.65 ($4,906,794.06). The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 completion of the transaction, 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.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Teacher Retirement System of Texas increased its position 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 increased its position 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 increased its position 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 increased its position 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 purchased a new position in shares of AAR Corp. during the second quarter worth approximately $149,000. 88.18% of the stock is 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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