John Mcclain Holmes III Sells 11,500 Shares of AAR Corp. (AIR) Stock
AAR Corp. (NYSE:AIR) VP John Mcclain Holmes III sold 11,500 shares of AAR Corp. stock in a transaction that occurred on Tuesday, October 11th. The shares were sold at an average price of €31.45 ($34.94), for a total transaction of €361,675.00 ($401,861.11). Following the transaction, the vice president now owns 140,417 shares of the company’s stock, valued at €4,416,114.65 ($4,906,794.06). The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
AAR Corp. (NYSE:AIR) opened at 31.12 on Wednesday. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 31.50 and a beta of 1.64. The company has a 50-day moving average of $28.32 and a 200-day moving average of $24.89. AAR Corp. has a one year low of $18.36 and a one year high of $32.15.
AAR Corp. (NYSE:AIR) last posted its quarterly earnings data on Thursday, September 22nd. The company reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.03. AAR Corp. had a net margin of 2.03% and a return on equity of 4.70%. The company had revenue of $404.80 million for the quarter. During the same period last year, the company earned $0.28 earnings per share. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, equities analysts forecast that AAR Corp. will post $1.44 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 4th. Shareholders of record on Monday, October 24th will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 0.96%. AAR Corp.’s dividend payout ratio is currently 30.00%.
AIR has been the subject of several recent research reports. TheStreet upgraded shares of AAR Corp. from a “hold” rating to a “buy” rating in a report on Wednesday, July 13th. Zacks Investment Research lowered shares of AAR Corp. from a “hold” rating to a “strong sell” rating in a report on Friday, July 15th. Finally, Credit Suisse Group AG restated a “buy” rating and issued a $74.00 price objective on shares of AAR Corp. in a report on Tuesday.
A number of institutional investors have recently modified their holdings of AIR. Fisher Asset Management LLC increased its position in shares of AAR Corp. by 5.1% in the third quarter. Fisher Asset Management LLC now owns 1,117,699 shares of the company’s stock worth $35,006,000 after buying an additional 53,836 shares in the last quarter. Mason Street Advisors LLC bought a new position in shares of AAR Corp. during the second quarter worth approximately $149,000. 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 in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of AAR Corp. by 7.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 244,497 shares of the company’s stock worth $5,707,000 after buying an additional 16,265 shares in the last quarter. Finally, Walthausen & Co. LLC increased its position in shares of 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 in the last quarter. Institutional investors and hedge funds own 88.18% 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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