AAR Corp. (AIR) Plans $0.08 Quarterly Dividend
AAR Corp. (NYSE:AIR) announced a quarterly dividend on Wednesday, January 11th. Investors of record on Monday, January 23rd will be given a dividend of 0.075 per share on Monday, February 6th. This represents a $0.30 annualized dividend and a dividend yield of 0.93%.
AAR Corp. (NYSE:AIR) traded up 0.19% during midday trading on Wednesday, hitting $32.31. The company had a trading volume of 162,102 shares. AAR Corp. has a 52 week low of $18.36 and a 52 week high of $38.75. The company has a market capitalization of $1.09 billion, a P/E ratio of 29.03 and a beta of 1.57. The stock has a 50 day moving average price of $35.94 and a 200 day moving average price of $29.81.
AAR Corp. (NYSE:AIR) last issued its quarterly earnings data on Wednesday, December 21st. The company reported $0.35 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.35. AAR Corp. had a return on equity of 4.88% and a net margin of 2.27%. The business had revenue of $423.80 million for the quarter. During the same quarter last year, the company earned $0.30 earnings per share. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. Equities analysts forecast that AAR Corp. will post $1.43 earnings per share for the current fiscal year.
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Several large investors have recently modified their holdings of the company. Two Sigma Advisers LP acquired a new stake in shares of AAR Corp. during the third quarter valued at $2,368,000. Vanguard Group Inc. increased its stake 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 last quarter. Panagora Asset Management Inc. increased its stake in shares of AAR Corp. by 3,341.0% in the third quarter. Panagora Asset Management Inc. now owns 55,950 shares of the company’s stock valued at $1,752,000 after buying an additional 54,324 shares during the last quarter. Highbridge Capital Management LLC acquired a new stake in shares of AAR Corp. during the second quarter valued at $1,152,000. Finally, Comerica Bank increased its stake in shares of AAR Corp. by 143.8% in the second quarter. Comerica Bank now owns 81,719 shares of the company’s stock valued at $1,963,000 after buying an additional 48,207 shares during the last quarter. Hedge funds and other institutional investors own 87.98% of the company’s stock.
A number of brokerages have issued reports on AIR. Credit Suisse Group restated a “buy” rating and set a $74.00 price objective on shares of AAR Corp. in a research report on Friday, December 2nd. TheStreet upgraded AAR Corp. from a “hold” rating to a “buy” rating in a research report on Wednesday, December 21st. Zacks Investment Research downgraded AAR Corp. from a “buy” rating to a “hold” rating in a research report on Friday, October 28th. Finally, Gabelli began coverage on AAR Corp. in a research report on Tuesday, October 25th. They set a “buy” rating and a $43.00 price objective on the 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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