AAR Corp. (AIR) Trading 3.2% Higher
Shares of AAR Corp. (NYSE:AIR) traded up 3.2% during trading on Tuesday . The stock traded as high as $24.49 and last traded at $24.49, with a volume of 67,727 shares. The stock had previously closed at $23.73.
Several analysts recently commented on the company. Zacks Investment Research lowered AAR Corp. from a “hold” rating to a “strong sell” rating in a report on Friday, July 15th. TheStreet raised AAR Corp. from a “hold” rating to a “buy” rating in a report on Wednesday, July 13th. Finally, Credit Suisse Group AG reaffirmed a “buy” rating on shares of AAR Corp. in a report on Friday, June 10th.
The stock’s 50 day moving average is $23.81 and its 200-day moving average is $23.08. The company has a market capitalization of $840.54 million and a price-to-earnings ratio of 18.02.
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 analysts’ consensus estimates of $0.47 by $0.15. The business earned $458.20 million during the quarter. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.36 earnings per share. On average, equities research analysts expect that AAR Corp. will post $1.36 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, August 5th. Shareholders of record on Friday, July 22nd were issued a dividend of $0.075 per share. The ex-dividend date was Wednesday, July 20th. This represents a $0.30 dividend on an annualized basis and a yield of 1.22%.
A hedge fund recently bought a new stake in AAR Corp. stock. Marshall Wace LLP bought a new position in AAR Corp. (NYSE:AIR) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 84,980 shares of the company’s stock, valued at approximately $2,234,000. Marshall Wace LLP owned approximately 0.25% of AAR Corp. as of its most recent filing with the SEC.
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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