AAR Corp. (AIR) to Issue Quarterly Dividend of €0.08 on November 4th
AAR Corp. (NYSE:AIR) declared 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 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date is Thursday, October 20th.
AAR Corp. (NYSE:AIR) opened at 31.77 on Wednesday. The company’s 50-day moving average price is $29.27 and its 200-day moving average price is $25.18. AAR Corp. has a 52 week low of $18.36 and a 52 week high of $32.16. The company has a market capitalization of $1.08 billion, a P/E ratio of 32.16 and a beta of 1.63.
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, topping the consensus estimate of $0.26 by $0.03. The company earned $404.80 million during the quarter. AAR Corp. had a return on equity of 4.70% and a net margin of 2.03%. The business’s revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.28 EPS. On average, equities analysts forecast that AAR Corp. will post $1.44 EPS for the current fiscal year.
In other AAR Corp. news, VP John Mcclain Holmes III sold 11,500 shares of AAR Corp. stock in a transaction dated Tuesday, October 11th. The stock was sold at an average price of €31.45 ($34.56), for a total value of €361,675.00 ($397,445.05). Following the sale, the vice president now owns 140,417 shares of the company’s stock, valued at approximately €4,416,114.65 ($4,852,873.24). The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Robert J. Regan sold 14,002 shares of AAR Corp. stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of €30.92 ($33.98), for a total value of €432,941.84 ($475,760.26). Following the completion of the sale, the vice president now directly owns 141,314 shares in the company, valued at approximately €4,369,428.88 ($4,801,570.20). The disclosure for this sale can be found here. 8.23% of the stock is owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Profund Advisors LLC increased its stake in AAR Corp. by 4.7% in the second quarter. Profund Advisors LLC now owns 10,860 shares of the company’s stock valued at $253,000 after buying an additional 490 shares in the last quarter. Paloma Partners Management Co purchased a new stake in AAR Corp. during the second quarter valued at about $340,000. Thrivent Financial for Lutherans increased its stake in AAR Corp. by 4.1% in the second quarter. Thrivent Financial for Lutherans now owns 15,910 shares of the company’s stock valued at $371,000 after buying an additional 630 shares in the last quarter. Arizona State Retirement System increased its stake in AAR Corp. by 0.6% in the second quarter. Arizona State Retirement System now owns 16,946 shares of the company’s stock valued at $396,000 after buying an additional 100 shares in the last quarter. Finally, Algert Global LLC increased its stake in AAR Corp. by 110.4% in the second quarter. Algert Global LLC now owns 22,765 shares of the company’s stock valued at $531,000 after buying an additional 11,943 shares in the last quarter. 88.19% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have recently issued reports on AIR shares. TheStreet upgraded AAR Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, July 13th. Credit Suisse Group AG restated a “buy” rating and set a $74.00 target price on shares of AAR Corp. in a research note on Tuesday, October 11th. Finally, Zacks Investment Research upgraded AAR Corp. from a “strong sell” rating to a “hold” rating in a research note 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.
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