Trade Report: The AAR Corp. (AIR) Receives Buy Rating from Credit Suisse Group AG

The AAR Corp. (AIR) Receives Buy Rating from Credit Suisse Group AG

Credit Suisse Group AG restated their buy rating on shares of AAR Corp. (NYSE:AIR) in a research note released on Tuesday morning. Credit Suisse Group AG currently has a $74.00 price objective on the stock.

A number of other brokerages have also recently issued reports on AIR. Zacks Investment Research cut shares of AAR Corp. from a hold rating to a strong sell rating in a research note on Friday, July 15th. TheStreet raised shares of AAR Corp. from a hold rating to a buy rating in a research note on Wednesday, July 13th.

AAR Corp. (NYSE:AIR) traded up 1.70% during midday trading on Tuesday, reaching $31.65. 37,520 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $28.32 and a 200 day moving average price of $24.89. AAR Corp. has a 12-month low of $18.36 and a 12-month high of $32.15. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 32.03 and a beta of 1.64.

AAR Corp. (NYSE:AIR) last announced its quarterly earnings data on Thursday, September 22nd. The company reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.03. AAR Corp. had a net margin of 2.03% and a return on equity of 4.70%. The company earned $404.80 million during the quarter. During the same period last year, the company posted $0.28 EPS. AAR Corp.’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, analysts expect that AAR Corp. will post $1.44 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 4th. Investors of record on Monday, October 24th will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 0.96%. AAR Corp.’s dividend payout ratio is currently 30.00%.

In related news, VP Robert J. Regan sold 14,002 shares of the company’s stock in a transaction on Monday, October 3rd. The shares were sold at an average price of €30.92 ($34.36), for a total transaction of €432,941.84 ($481,046.49). Following the completion of the sale, the vice president now directly owns 141,314 shares in the company, valued at approximately €4,369,428.88 ($4,854,920.98). The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP John Mcclain Holmes III sold 11,500 shares of the company’s stock in a transaction on Tuesday, October 11th. The shares were sold at an average price of €31.45 ($34.94), for a total transaction of €361,675.00 ($401,861.11). Following the sale, the vice president now owns 140,417 shares of the company’s stock, valued at €4,416,114.65 ($4,906,794.06). The disclosure for this sale can be found here. Corporate insiders own 8.23% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Deprince Race & Zollo Inc. raised its stake in AAR Corp. by 210.1% in the second quarter. Deprince Race & Zollo Inc. now owns 1,002,162 shares of the company’s stock worth $23,390,000 after buying an additional 678,993 shares in the last quarter. Foundry Partners LLC bought a new position in shares of AAR Corp. during the second quarter valued at approximately $8,299,000. Emerald Acquisition Ltd. bought a new position in shares of AAR Corp. during the second quarter valued at approximately $7,433,000. Walthausen & Co. LLC raised its position in shares of AAR Corp. by 61.6% in the second quarter. Walthausen & Co. LLC now owns 269,160 shares of the company’s stock valued at $6,282,000 after buying an additional 102,650 shares during the period. Finally, Prudential Financial Inc. raised its position in shares of AAR Corp. by 35.6% in the first quarter. Prudential Financial Inc. now owns 341,542 shares of the company’s stock valued at $7,948,000 after buying an additional 89,700 shares during the period. Institutional investors own 88.18% of the company’s stock.

AAR Corp. Company Profile

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