Trading Report: The 11,500 Shares of AAR Corp. (AIR) Stock are sold by John Mcclain Holmes III

The 11,500 Shares of AAR Corp. (AIR) Stock are sold by John Mcclain Holmes III

AAR Corp. (NYSE:AIR) 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 completion of the sale, the vice president now directly owns 140,417 shares in the company, valued at €4,416,114.65 ($4,906,794.06). The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Shares of AAR Corp. (NYSE:AIR) opened at 30.96 on Friday. AAR Corp. has a one year low of $18.36 and a one year high of $32.15. The firm has a market capitalization of $1.05 billion, a PE ratio of 31.34 and a beta of 1.64. The firm’s 50 day moving average is $28.69 and its 200-day moving average is $24.98.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, November 4th. Shareholders of record on Monday, October 24th will be issued a dividend of $0.075 per share. The ex-dividend date of this dividend is Thursday, October 20th. This represents a $0.30 annualized dividend and a yield of 0.97%. AAR Corp.’s dividend payout ratio (DPR) is presently 30.00%.

A number of institutional investors have recently made changes to their positions in AIR. MSI Financial Services Inc increased its position in shares of AAR Corp. by 1,151.9% in the third quarter. MSI Financial Services Inc now owns 3,568 shares of the company’s stock valued at $112,000 after buying an additional 3,283 shares during the period. Fisher Asset Management LLC increased its position in shares of AAR Corp. by 5.1% in the third quarter. Fisher Asset Management LLC now owns 1,117,699 shares of the company’s stock valued at $35,006,000 after buying an additional 53,836 shares during the period. Mason Street Advisors LLC bought a new position in shares of AAR Corp. during the second quarter valued at approximately $149,000. Public Employees Retirement System of Ohio increased its position in shares of AAR Corp. by 12.1% in the second quarter. Public Employees Retirement System of Ohio now owns 6,223 shares of the company’s stock valued at $145,000 after buying an additional 670 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its position in shares of AAR Corp. by 7.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 244,497 shares of the company’s stock valued at $5,707,000 after buying an additional 16,265 shares during the period. Institutional investors own 88.18% of the company’s stock.

Several analysts recently issued reports on AIR shares. TheStreet raised shares of AAR Corp. from a “hold” rating to a “buy” rating in a report on Wednesday, July 13th. Zacks Investment Research cut shares of AAR Corp. from a “hold” rating to a “strong sell” rating in a report on Friday, July 15th. Finally, Credit Suisse Group AG reaffirmed a “buy” rating and issued a $74.00 price target on shares of AAR Corp. in a report on Tuesday.

AAR Corp. Company Profile

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