AAR Corp. (NYSE:AIR) VP Robert J. Regan sold 28,640 shares of the stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $36.53, for a total value of $1,046,219.20. Following the completion of the transaction, the vice president now directly owns 114,193 shares in the company, valued at approximately $4,171,470.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

AAR Corp. (NYSE:AIR) traded up 0.96% on Tuesday, hitting $36.65. The stock had a trading volume of 147,453 shares. AAR Corp. has a 52-week low of $23.34 and a 52-week high of $38.75. The company has a 50 day moving average price of $35.50 and a 200-day moving average price of $34.25. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 22.43 and a beta of 1.37.

AAR Corp. (NYSE:AIR) last issued its quarterly earnings data on Tuesday, July 11th. The aerospace company reported $0.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.01. The business had revenue of $492.30 million during the quarter, compared to analysts’ expectations of $486.93 million. AAR Corp. had a return on equity of 5.69% and a net margin of 3.20%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.32 EPS. On average, equities research analysts predict that AAR Corp. will post $1.78 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 2nd. Stockholders of record on Friday, July 21st will be issued a $0.075 dividend. The ex-dividend date is Wednesday, July 19th. This represents a $0.30 annualized dividend and a dividend yield of 0.82%. AAR Corp.’s dividend payout ratio (DPR) is presently 18.18%.

AAR Corp. declared that its Board of Directors has initiated a stock buyback plan on Tuesday, July 11th that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the aerospace company to buy up to 20.2% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

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A number of research analysts have weighed in on AIR shares. Zacks Investment Research downgraded AAR Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. BidaskClub downgraded AAR Corp. from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Finally, Noble Financial started coverage on AAR Corp. in a report on Monday, April 3rd. They issued a “buy” rating and a $40.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $46.80.

Institutional investors have recently modified their holdings of the stock. Neuberger Berman Group LLC boosted its position in shares of AAR Corp. by 27.4% in the first quarter. Neuberger Berman Group LLC now owns 23,129 shares of the aerospace company’s stock valued at $778,000 after buying an additional 4,971 shares during the period. Sei Investments Co. boosted its position in shares of AAR Corp. by 1.7% in the first quarter. Sei Investments Co. now owns 93,995 shares of the aerospace company’s stock valued at $3,161,000 after buying an additional 1,608 shares during the period. Teachers Advisors LLC boosted its position in shares of AAR Corp. by 79.3% in the fourth quarter. Teachers Advisors LLC now owns 122,104 shares of the aerospace company’s stock valued at $4,036,000 after buying an additional 54,011 shares during the period. Chicago Equity Partners LLC boosted its position in shares of AAR Corp. by 10.1% in the first quarter. Chicago Equity Partners LLC now owns 49,865 shares of the aerospace company’s stock valued at $1,677,000 after buying an additional 4,555 shares during the period. Finally, Victory Capital Management Inc. boosted its position in shares of AAR Corp. by 15.9% in the first quarter. Victory Capital Management Inc. now owns 3,623 shares of the aerospace company’s stock valued at $122,000 after buying an additional 496 shares during the period. 89.25% of the stock is owned by institutional investors and hedge funds.

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.

Insider Buying and Selling by Quarter for AAR Corp. (NYSE:AIR)

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