AAR Corp. Announces Quarterly Dividend of €0.08 (AIR)
AAR Corp. (NYSE:AIR) announced a quarterly dividend on Tuesday, October 11th. Investors of record on Monday, October 24th will be paid a dividend of 0.075 per share on Friday, November 4th. This represents a $0.30 annualized dividend and a yield of 0.96%.
Shares of AAR Corp. (NYSE:AIR) opened at 31.12 on Wednesday. The company has a 50-day moving average price of $28.32 and a 200 day moving average price of $24.89. AAR Corp. has a 52 week low of $18.36 and a 52 week high of $32.15. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 31.50 and a beta of 1.63.
AAR Corp. (NYSE:AIR) last issued its quarterly earnings results on Thursday, September 22nd. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.26 by $0.03. AAR Corp. had a return on equity of 4.70% and a net margin of 2.03%. The firm earned $404.80 million during the quarter. During the same period last year, the company posted $0.28 earnings per share. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. Analysts expect that AAR Corp. will post $1.44 EPS for the current fiscal year.
In other news, Director Peter Pace sold 5,000 shares of the stock in a transaction that occurred on Monday, September 26th. The stock was sold at an average price of €29.13 ($32.37), for a total transaction of €145,650.00 ($161,833.33). Following the transaction, the director now owns 20,048 shares in the company, valued at €583,998.24 ($648,886.93). The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Robert J. Regan sold 14,002 shares of the 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 value of €432,941.84 ($481,046.49). Following the transaction, the vice president now owns 141,314 shares in the company, valued at approximately €4,369,428.88 ($4,854,920.98). The disclosure for this sale can be found here. Insiders own 8.23% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in AAR Corp. by 2.6% in the second quarter. Vanguard Group Inc. now owns 2,620,966 shares of the company’s stock worth $61,174,000 after buying an additional 67,521 shares during the period. BlackRock Fund Advisors raised its position in AAR Corp. by 1.8% in the second quarter. BlackRock Fund Advisors now owns 2,450,071 shares of the company’s stock worth $57,185,000 after buying an additional 43,767 shares during the period. State Street Corp raised its position in AAR Corp. by 3.1% in the second quarter. State Street Corp now owns 818,700 shares of the company’s stock worth $19,110,000 after buying an additional 24,250 shares during the period. AQR Capital Management LLC raised its position in AAR Corp. by 5.5% in the second quarter. AQR Capital Management LLC now owns 248,978 shares of the company’s stock worth $5,811,000 after buying an additional 12,915 shares during the period. Finally, Parametric Portfolio Associates LLC raised its position in AAR Corp. by 3.2% in the second quarter. Parametric Portfolio Associates LLC now owns 173,341 shares of the company’s stock worth $4,046,000 after buying an additional 5,431 shares during the period. Institutional investors own 88.18% of the company’s stock.
A number of analysts have recently issued reports on AIR shares. TheStreet raised AAR Corp. from a “hold” rating to a “buy” rating in a research report on Wednesday, July 13th. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $74.00 price objective on shares of AAR Corp. in a research report on Tuesday. Finally, Zacks Investment Research raised AAR Corp. from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 13th.
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.
Receive News & Stock Ratings for AAR Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AAR Corp. and related stocks with our FREE daily email newsletter.