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