AAR Corp. (AIR) VP John Mcclain Holmes III Sells 11,500 Shares of Stock
AAR Corp. (NYSE:AIR) VP John Mcclain Holmes III sold 11,500 shares of AAR Corp. stock in a transaction dated 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 sale, the vice president now owns 140,417 shares of the company’s stock, valued at approximately €4,416,114.65 ($4,906,794.06). The sale was disclosed in a document filed with the SEC, which is available through this link.
Shares of AAR Corp. (NYSE:AIR) opened at 31.50 on Thursday. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 31.88 and a beta of 1.64. AAR Corp. has a one year low of $18.36 and a one year high of $32.15. The company’s 50-day moving average is $28.51 and its 200-day moving average is $24.94.
AAR Corp. (NYSE:AIR) last announced its quarterly earnings data on Thursday, September 22nd. The company reported $0.29 earnings per share (EPS) for the quarter, beating 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 firm earned $404.80 million during the quarter. During the same period in the prior year, the company posted $0.28 EPS. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, equities analysts predict that AAR Corp. will post $1.44 EPS for the current 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 dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Thursday, October 20th. AAR Corp.’s dividend payout ratio (DPR) is presently 30.00%.
A number of equities research analysts recently weighed in on AIR shares. 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 reiterated a “buy” rating and set a $74.00 price objective on shares of AAR Corp. in a report on Tuesday.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Fisher Asset Management LLC raised 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 valued at $35,006,000 after buying an additional 53,836 shares during the period. Mason Street Advisors LLC bought a new position in shares of AAR Corp. during the second quarter valued at $149,000. Public Employees Retirement System of Ohio raised 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 valued at $145,000 after buying an additional 670 shares during the period. Schwab Charles Investment Management Inc. raised 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 valued at $5,707,000 after buying an additional 16,265 shares during the period. Finally, Walthausen & Co. LLC raised 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 valued at $6,282,000 after buying an additional 102,650 shares during the period. 88.18% of the stock is owned by institutional investors.
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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