John Mcclain Holmes III Sells 11,500 Shares of AAR Corp. (AIR) Stock
AAR Corp. (NYSE:AIR) VP John Mcclain Holmes III sold 11,500 shares of the company’s stock in a transaction dated Tuesday, October 11th. The stock was sold at an average price of €31.45 ($34.94), for a total transaction of €361,675.00 ($401,861.11). Following the completion of the transaction, the vice president now owns 140,417 shares in the company, valued at €4,416,114.65 ($4,906,794.06). The sale was disclosed in a filing with the SEC, which is available through this link.
AAR Corp. (NYSE:AIR) opened at 31.12 on Wednesday. The firm has a 50 day moving average of $28.32 and a 200-day moving average of $24.89. The stock has a market cap of $1.05 billion, a PE ratio of 31.50 and a beta of 1.64. AAR Corp. has a 12-month low of $18.36 and a 12-month high of $32.15.
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, beating analysts’ consensus estimates of $0.26 by $0.03. The business had revenue of $404.80 million for the quarter. AAR Corp. had a net margin of 2.03% and a return on equity of 4.70%. AAR Corp.’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the firm posted $0.28 earnings per share. On average, analysts expect that AAR Corp. will post $1.44 earnings per share for the current year.
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The business also recently declared a quarterly dividend, which will be paid on Friday, November 4th. Stockholders of record on Monday, October 24th will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.96%. AAR Corp.’s dividend payout ratio (DPR) is 30.00%.
AIR has been the topic of a number of recent research reports. Credit Suisse Group AG reiterated a “buy” rating and set a $74.00 price objective on shares of AAR Corp. in a research note on Tuesday. TheStreet downgraded shares of AAR Corp. from a “buy” rating to a “hold” rating in a research note on Monday, September 26th. Finally, Zacks Investment Research upgraded shares of AAR Corp. from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 13th.
Large investors have recently added to or reduced their stakes in the stock. 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 worth $396,000 after buying an additional 100 shares during the period. Anchor Capital Advisors LLC increased its stake in AAR Corp. by 0.6% in the second quarter. Anchor Capital Advisors LLC now owns 22,989 shares of the company’s stock worth $537,000 after buying an additional 141 shares during the period. Nisa Investment Advisors LLC increased its stake in AAR Corp. by 2.8% in the second quarter. Nisa Investment Advisors LLC now owns 5,450 shares of the company’s stock worth $127,000 after buying an additional 150 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in AAR Corp. by 4.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 9,400 shares of the company’s stock worth $219,000 after buying an additional 400 shares during the period. Finally, 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 worth $253,000 after buying an additional 490 shares during the period. 88.18% of the stock is currently owned by institutional investors and hedge funds.
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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