AAR Corp. (NYSE:AIR) Director Ronald R. Fogleman sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $33.47, for a total value of $100,410.00. Following the completion of the sale, the director now directly owns 23,406 shares of the company’s stock, valued at $783,398.82. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of AAR Corp. (AIR) traded down $0.26 on Monday, reaching $40.11. The company’s stock had a trading volume of 170,000 shares, compared to its average volume of 177,804. AAR Corp. has a 12 month low of $31.20 and a 12 month high of $41.94. The company has a current ratio of 2.90, a quick ratio of 1.38 and a debt-to-equity ratio of 0.20. The firm has a market cap of $1,388.69, a PE ratio of 27.10 and a beta of 1.33.
AAR Corp. (NYSE:AIR) last issued its quarterly earnings results on Tuesday, September 19th. The aerospace company reported $0.31 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.31. The company had revenue of $439.20 million during the quarter, compared to analysts’ expectations of $410.52 million. AAR Corp. had a return on equity of 5.66% and a net margin of 3.20%. The firm’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.29 EPS. equities research analysts predict that AAR Corp. will post 1.81 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 3rd. Stockholders of record on Monday, October 23rd were issued a $0.075 dividend. The ex-dividend date of this dividend was Friday, October 20th. This represents a $0.30 annualized dividend and a dividend yield of 0.75%. AAR Corp.’s dividend payout ratio (DPR) is presently 17.86%.
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Hedge funds have recently modified their holdings of the company. Piedmont Investment Advisors LLC acquired a new position in shares of AAR Corp. in the 2nd quarter valued at about $240,000. Heartland Advisors Inc. increased its stake in shares of AAR Corp. by 99.4% in the 2nd quarter. Heartland Advisors Inc. now owns 273,369 shares of the aerospace company’s stock valued at $9,502,000 after purchasing an additional 136,261 shares in the last quarter. American Century Companies Inc. purchased a new position in shares of AAR Corp. in the 2nd quarter valued at about $4,659,000. Victory Capital Management Inc. increased its stake in shares of AAR Corp. by 15.9% in the 1st quarter. Victory Capital Management Inc. now owns 3,623 shares of the aerospace company’s stock valued at $122,000 after purchasing an additional 496 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of AAR Corp. by 12.0% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 294,279 shares of the aerospace company’s stock valued at $9,897,000 after purchasing an additional 31,549 shares in the last quarter. 86.38% of the stock is owned by institutional investors and hedge funds.
AIR has been the topic of several recent analyst reports. Canaccord Genuity initiated coverage on AAR Corp. in a report on Wednesday, September 6th. They issued a “hold” rating and a $40.00 price target on the stock. Zacks Investment Research upgraded AAR Corp. from a “sell” rating to a “hold” rating in a report on Friday, September 22nd. BidaskClub downgraded AAR Corp. from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Noble Financial restated a “buy” rating on shares of AAR Corp. in a report on Friday, August 11th. Finally, Seaport Global Securities started coverage on AAR Corp. in a report on Tuesday, September 12th. They issued a “neutral” rating and a $39.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $46.20.
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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