AAR Corp. (AIR) Receives Buy Rating from Credit Suisse Group AG
A number of other equities analysts also recently weighed in on the stock. TheStreet downgraded shares of AAR Corp. from a buy rating to a hold rating in a research note on Monday, September 26th. Zacks Investment Research raised shares of 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) traded up 1.70% during midday trading on Tuesday, reaching $31.65. 37,520 shares of the company’s stock traded hands. AAR Corp. has a 12 month low of $18.36 and a 12 month high of $32.15. The stock has a market cap of $1.07 billion, a P/E ratio of 32.03 and a beta of 1.64. The stock has a 50 day moving average of $28.32 and a 200-day moving average of $24.89.
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, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.03. The firm earned $404.80 million during the quarter. AAR Corp. had a net margin of 2.03% and a return on equity of 4.70%. AAR Corp.’s revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.28 EPS. On average, equities research analysts forecast that AAR Corp. will post $1.44 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 4th. Shareholders of record on Monday, October 24th will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 0.96%. AAR Corp.’s payout ratio is 30.00%.
In other AAR Corp. news, VP Robert J. Regan sold 14,002 shares of the firm’s stock in a transaction on Monday, October 3rd. The shares were sold at an average price of €30.92 ($34.36), for a total value of €432,941.84 ($481,046.49). Following the completion of the sale, the vice president now directly owns 141,314 shares in the company, valued at €4,369,428.88 ($4,854,920.98). The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John Mcclain Holmes III sold 11,500 shares of the firm’s stock in a transaction on Tuesday, October 11th. The stock was sold at an average price of €31.45 ($34.94), for a total transaction of €361,675.00 ($401,861.11). Following the completion of the sale, the vice president now owns 140,417 shares of the company’s stock, valued at €4,416,114.65 ($4,906,794.06). The disclosure for this sale can be found here. 8.23% of the stock is currently owned by company insiders.
A number of large investors 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 worth $23,390,000 after buying an additional 678,993 shares during the last quarter. Foundry Partners LLC bought a new stake in AAR Corp. during the second quarter worth approximately $8,299,000. Emerald Acquisition Ltd. bought a new stake in AAR Corp. during the second quarter worth 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 worth $6,282,000 after buying an additional 102,650 shares during 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 worth $7,948,000 after buying an additional 89,700 shares during the last quarter. Institutional investors and hedge funds own 88.18% of the company’s stock.
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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