AAR Corp. (NYSE:AIR) Director Ronald R. Fogleman sold 3,000 shares of the stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $33.47, for a total value of $100,410.00. Following the transaction, the director now directly owns 23,406 shares in the company, valued at approximately $783,398.82. The transaction was disclosed in a filing with the SEC, which is available at this link.

Shares of AAR Corp. (NYSE AIR) traded down 0.08% during midday trading on Thursday, reaching $38.67. The company’s stock had a trading volume of 115,068 shares. AAR Corp. has a 52 week low of $31.07 and a 52 week high of $39.71. The firm’s 50 day moving average is $37.57 and its 200 day moving average is $35.95. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 23.24 and a beta of 1.37.

AAR Corp. (NYSE:AIR) last issued its quarterly earnings data on Tuesday, September 19th. The aerospace company reported $0.31 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.31. The company had revenue of $439.20 million for the quarter, compared to analysts’ expectations of $410.52 million. AAR Corp. had a return on equity of 5.66% and a net margin of 3.20%. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.29 earnings per share. Equities analysts forecast that AAR Corp. will post $1.77 EPS for the current fiscal year.

AAR Corp. declared that its board has approved a stock buyback program on Tuesday, July 11th that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the aerospace company to reacquire up to 20.2% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 3rd. Shareholders of record on Monday, October 23rd will be paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date is Friday, October 20th. AAR Corp.’s dividend payout ratio is presently 17.86%.

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Large investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. lifted its stake 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 worth $122,000 after acquiring an additional 496 shares in the last quarter. FNY Partners Fund LP acquired a new position in shares of AAR Corp. in the first quarter worth about $127,000. Cubist Systematic Strategies LLC acquired a new position in shares of AAR Corp. in the second quarter worth about $213,000. State of Alaska Department of Revenue lifted its stake in shares of AAR Corp. by 79.2% in the second quarter. State of Alaska Department of Revenue now owns 6,307 shares of the aerospace company’s stock worth $219,000 after acquiring an additional 2,787 shares in the last quarter. Finally, OxFORD Asset Management LLP acquired a new position in shares of AAR Corp. in the second quarter worth about $230,000. Institutional investors and hedge funds own 87.40% of the company’s stock.

AIR has been the topic of several research reports. Canaccord Genuity reissued a “hold” rating and set a $40.00 target price on shares of AAR Corp. in a research note on Friday, October 13th. Zacks Investment Research raised AAR Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, September 14th. Seaport Global Securities initiated coverage on AAR Corp. in a research note on Tuesday, September 12th. They set a “neutral” rating and a $39.00 target price on the stock. Noble Financial reissued a “buy” rating on shares of AAR Corp. in a research note on Thursday, July 13th. Finally, BidaskClub lowered AAR Corp. from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $46.20.

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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