AAR Corp. (AIR) Trading Up 2.9%
AAR Corp. (NYSE:AIR) shares were up 2.9% on Monday . The company traded as high as $24.07 and last traded at $24.00, with a volume of 240,585 shares changing hands. The stock had previously closed at $23.33.
A number of research analysts have weighed in on AIR shares. TheStreet raised shares of AAR Corp. from a “hold” rating to a “buy” rating in a report on Wednesday, July 13th. Credit Suisse Group AG restated a “hold” rating and set a $26.00 price target on shares of AAR Corp. in a research report on Thursday, March 24th. Finally, Zacks Investment Research lowered shares of AAR Corp. from a “hold” rating to a “strong sell” rating in a research report on Friday, July 15th.
The company has a 50-day moving average of $23.50 and a 200 day moving average of $22.79. The company has a market cap of $822.98 million and a PE ratio of 17.643.
AAR Corp. (NYSE:AIR) last posted its earnings results on Tuesday, July 12th. The company reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by $0.15. During the same quarter in the prior year, the company posted $0.36 earnings per share. The business had revenue of $458.20 million for the quarter. AAR Corp.’s revenue was up 10.2% on a year-over-year basis. Equities research analysts anticipate that AAR Corp. will post $1.36 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 5th. Shareholders of record on Friday, July 22nd will be issued a dividend of $0.075 per share. The ex-dividend date is Wednesday, July 20th. This represents a $0.30 annualized dividend and a yield of 1.24%.
A number of institutional investors have bought and sold shares of AIR. Marshall Wace LLP acquired a new position in AAR Corp. during the fourth quarter valued at $2,234,000. OppenheimerFunds Inc. increased its stake in shares of AAR Corp. by 10.7% in the fourth quarter. OppenheimerFunds Inc. now owns 516,637 shares of the company’s stock worth $13,583,000 after buying an additional 50,092 shares during the period. Nationwide Fund Advisors increased its stake in shares of AAR Corp. by 22.4% in the fourth quarter. Nationwide Fund Advisors now owns 99,737 shares of the company’s stock worth $2,622,000 after buying an additional 18,222 shares during the period. GSA Capital Partners LLP increased its stake in shares of AAR Corp. by 36.0% in the fourth quarter. GSA Capital Partners LLP now owns 39,188 shares of the company’s stock worth $1,030,000 after buying an additional 10,382 shares during the period. Finally, Sei Investments Co. increased its stake in shares of AAR Corp. by 16.3% in the fourth quarter. Sei Investments Co. now owns 69,599 shares of the company’s stock worth $1,830,000 after buying an additional 9,738 shares during the period.
AAR CORP. is a diversified provider of products and services to the worldwide commercial aviation and government and defense markets. The Company operates in two segments: Aviation Services, which provides aftermarket support and services for the commercial aviation and government and defense markets, and Technology Products, which is involved in the design, manufacture, and repair of transportation pallets, and a range of containers and shelters used in support of military and humanitarian tactical deployment activities.
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