AAR Corp. VP Randy Martinez Sells 4,754 Shares (AIR)
AAR Corp. (NYSE:AIR) VP Randy Martinez sold 4,754 shares of the stock on the open market in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $27.31, for a total transaction of $129,831.74. Following the completion of the sale, the vice president now directly owns 21,174 shares of the company’s stock, valued at approximately $578,262. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of AAR Corp. in a research note to investors on Tuesday, October 8th. They now have a $28.00 price target on the stock. Analysts at Credit Suisse raised their price target on shares of AAR Corp. from $23.00 to $26.00 in a research note to investors on Thursday, September 26th. They now have an “underperform” rating on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $23.67.
Shares of AAR Corp. (NYSE:AIR) traded up 1.07% on Wednesday, hitting $27.40. The stock had a trading volume of 107,825 shares. AAR Corp. has a 52-week low of $13.27 and a 52-week high of $30.01. The stock has a 50-day moving average of $27.04 and a 200-day moving average of $22.77. The company has a market cap of $1.058 billion and a price-to-earnings ratio of 19.66.
AAR Corp. (NYSE:AIR) last announced its earnings results on Tuesday, September 24th. The company reported $0.45 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.45. The company had revenue of $514.50 million for the quarter, compared to the consensus estimate of $542.11 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. The company’s quarterly revenue was down 6.5% on a year-over-year basis. Analysts expect that AAR Corp. will post $2.04 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, November 4th. Stockholders of record on Tuesday, October 22nd will be paid a dividend of $0.08 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Friday, October 18th.
AAR CORP. (NYSE:AIR) is a diversified provider of products and services to the worldwide aviation and government and defense markets.
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