AAR Corp. (AIR) VP Robert J. Regan Sells 14,002 Shares
AAR Corp. (NYSE:AIR) VP Robert J. Regan sold 14,002 shares of the business’s stock in a transaction that occurred on Monday, October 3rd. The stock was 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of AAR Corp. (NYSE:AIR) opened at 31.31 on Wednesday. AAR Corp. has a one year low of $18.36 and a one year high of $31.67. The stock’s 50 day moving average is $27.20 and its 200-day moving average is $24.58. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 31.69 and a beta of 1.64.
AAR Corp. (NYSE:AIR) last released its earnings results on Thursday, September 22nd. The company reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.03. The company had revenue of $404.80 million for the quarter. AAR Corp. had a net margin of 2.03% and a return on equity of 4.70%. AAR Corp.’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.28 earnings per share. On average, equities research analysts predict that AAR Corp. will post $1.44 EPS for the current fiscal year.
AIR has been the topic of several analyst reports. TheStreet raised shares of AAR Corp. from a “hold” rating to a “buy” rating in a report on Friday, September 2nd. Zacks Investment Research raised shares of AAR Corp. from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 13th. Finally, Credit Suisse Group AG reaffirmed a “buy” rating on shares of AAR Corp. in a report on Friday, June 10th.
Large investors have recently added to or reduced their stakes in the company. Teacher Retirement System of Texas raised its stake in 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 raised its stake in 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 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 during the period. Public Employees Retirement System of Ohio raised its stake in 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 acquired a new stake in AAR Corp. during the second quarter worth about $149,000. Institutional investors own 87.85% of the company’s stock.
AAR Corp. Company Profile
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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