AAR Corp. (NYSE:AIR) has been given a consensus rating of “Buy” by the seven brokerages that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $51.67.
Several equities research analysts have recently issued reports on AIR shares. Zacks Investment Research cut shares of AAR Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Noble Financial reaffirmed a “buy” rating on shares of AAR Corp. in a research report on Thursday, July 13th. Finally, BidaskClub cut shares of AAR Corp. from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd.
AAR Corp. (NYSE AIR) traded down 0.475% during mid-day trading on Tuesday, reaching $36.655. The company’s stock had a trading volume of 48,104 shares. The company’s 50-day moving average price is $35.76 and its 200 day moving average price is $34.45. AAR Corp. has a 52 week low of $23.34 and a 52 week high of $38.75. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 22.433 and a beta of 1.38.
AAR Corp. (NYSE:AIR) last released its quarterly earnings data on Tuesday, July 11th. The aerospace company reported $0.44 earnings per share (EPS) for the quarter, topping 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 net margin of 3.20% and a return on equity of 5.69%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.32 EPS. On average, equities analysts forecast that AAR Corp. will post $1.78 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 2nd. Stockholders of record on Friday, July 21st were given a dividend of $0.075 per share. The ex-dividend date was Wednesday, July 19th. This represents a $0.30 annualized dividend and a dividend yield of 0.81%. AAR Corp.’s dividend payout ratio (DPR) is currently 18.18%.
AAR Corp. announced that its board has initiated a stock buyback program on Tuesday, July 11th that permits the company to buyback $250.00 million in shares. This buyback authorization permits the aerospace company to repurchase up to 20.2% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.
In related news, Director Anthony Anderson sold 3,500 shares of the business’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $35.21, for a total value of $123,235.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Timothy J. Romenesko sold 43,200 shares of the business’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $37.28, for a total transaction of $1,610,496.00. Following the completion of the sale, the insider now directly owns 317,665 shares of the company’s stock, valued at $11,842,551.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 95,340 shares of company stock valued at $3,524,350. Corporate insiders own 8.23% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. Bank of Montreal Can boosted its stake in shares of AAR Corp. by 10.1% in the first quarter. Bank of Montreal Can now owns 3,371 shares of the aerospace company’s stock worth $114,000 after buying an additional 309 shares during the period. State of Alaska Department of Revenue boosted its stake in shares of AAR Corp. by 0.9% in the first quarter. State of Alaska Department of Revenue now owns 3,520 shares of the aerospace company’s stock worth $118,000 after buying an additional 30 shares during the period. Victory Capital Management Inc. boosted 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 buying an additional 496 shares during the period. FNY Partners Fund LP bought a new stake in shares of AAR Corp. during the first quarter worth $127,000. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of AAR Corp. by 12.2% in the first quarter. BNP Paribas Arbitrage SA now owns 6,579 shares of the aerospace company’s stock worth $221,000 after buying an additional 715 shares during the period. 88.99% of the stock is owned by hedge funds and other institutional investors.
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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