AAR Corp. (AIR) Announces Quarterly Dividend of €0.08
AAR Corp. (NYSE:AIR) declared a quarterly dividend on Tuesday, October 11th. Stockholders 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 annualized dividend and a dividend yield of 0.96%.
Shares of AAR Corp. (NYSE:AIR) traded down 0.86% during trading on Tuesday, hitting $31.12. 239,068 shares of the stock traded hands. The firm has a 50 day moving average price of $28.11 and a 200-day moving average price of $24.84. AAR Corp. has a one year low of $18.36 and a one year high of $32.15. The company has a market cap of $1.05 billion, a PE ratio of 31.50 and a beta of 1.63.
AAR Corp. (NYSE:AIR) last issued its earnings results on Thursday, September 22nd. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.03. The company earned $404.80 million during the quarter. AAR Corp. had a net margin of 2.03% and a return on equity of 4.70%. The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the business earned $0.28 EPS. Analysts anticipate that AAR Corp. will post $1.44 earnings per share for the current fiscal year.
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A number of equities research analysts have issued reports on AIR shares. Zacks Investment Research lowered shares of AAR Corp. from a “hold” rating to a “strong sell” rating in a research note on Friday, July 15th. TheStreet raised shares of AAR Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, July 13th. Finally, Credit Suisse Group AG reissued a “buy” rating and set a $74.00 target price on shares of AAR Corp. in a research note on Tuesday.
In related news, VP Robert J. Regan sold 14,002 shares of AAR Corp. stock in a transaction on Monday, October 3rd. The shares were sold at an average price of €30.92 ($34.36), for a total value of €432,941.84 ($481,046.49). Following the transaction, the vice president now owns 141,314 shares in the company, valued at approximately €4,369,428.88 ($4,854,920.98). The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Peter Pace sold 5,000 shares of AAR Corp. stock in a transaction on Monday, September 26th. The stock was sold at an average price of €29.13 ($32.37), for a total transaction of €145,650.00 ($161,833.33). Following the completion of the transaction, the director now owns 20,048 shares in the company, valued at approximately €583,998.24 ($648,886.93). The disclosure for this sale can be found here. Insiders own 8.23% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in AIR. Vanguard Group Inc. increased its position in shares of AAR Corp. by 2.6% in the second quarter. Vanguard Group Inc. now owns 2,620,966 shares of the company’s stock valued at $61,174,000 after buying an additional 67,521 shares during the period. BlackRock Investment Management LLC increased its position in shares of AAR Corp. by 1.3% in the second quarter. BlackRock Investment Management LLC now owns 151,352 shares of the company’s stock valued at $3,533,000 after buying an additional 1,900 shares during the period. BlackRock Inc. increased its position in shares of AAR Corp. by 740.8% in the second quarter. BlackRock Inc. now owns 26,982 shares of the company’s stock valued at $629,000 after buying an additional 23,773 shares during the period. BlackRock Fund Advisors increased its position in shares of AAR Corp. by 1.8% in the second quarter. BlackRock Fund Advisors now owns 2,450,071 shares of the company’s stock valued at $57,185,000 after buying an additional 43,767 shares during the period. Finally, BlackRock Group LTD increased its position in shares of AAR Corp. by 5.1% in the second quarter. BlackRock Group LTD now owns 52,897 shares of the company’s stock valued at $1,235,000 after buying an additional 2,554 shares during the period. Hedge funds and other institutional investors own 88.18% of the company’s stock.
About AAR Corp.
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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