AAR (AIR) Hits New 52-Week High and Low at $49.05

AAR Corp. (NYSE:AIR) reached a new 52-week high and low on Thursday . The stock traded as low as $49.05 and last traded at $48.09, with a volume of 6741 shares traded. The stock had previously closed at $48.88.

Several equities research analysts recently weighed in on the company. Zacks Investment Research upgraded AAR from a “sell” rating to a “hold” rating in a research note on Tuesday. Noble Financial restated a “buy” rating on shares of AAR in a research note on Thursday, March 22nd. Credit Suisse Group boosted their target price on AAR to $51.00 and gave the stock an “outperform” rating in a research note on Thursday, March 22nd. TheStreet upgraded AAR from a “c+” rating to a “b” rating in a research note on Tuesday, March 20th. Finally, ValuEngine upgraded AAR from a “hold” rating to a “buy” rating in a research note on Thursday, March 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. AAR presently has a consensus rating of “Buy” and an average target price of $49.00.

The company has a quick ratio of 1.41, a current ratio of 2.86 and a debt-to-equity ratio of 0.21. The company has a market cap of $1.66 billion, a price-to-earnings ratio of 32.88 and a beta of 1.20.

AAR (NYSE:AIR) last issued its quarterly earnings data on Tuesday, March 20th. The aerospace company reported $0.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.01. AAR had a return on equity of 6.02% and a net margin of 1.34%. The company had revenue of $456.30 million during the quarter, compared to analysts’ expectations of $475.89 million. During the same quarter in the previous year, the business earned $0.39 earnings per share. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. analysts expect that AAR Corp. will post 1.69 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 16th. Shareholders of record on Tuesday, May 1st were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend was Monday, April 30th. AAR’s dividend payout ratio is currently 20.69%.

In other news, Director Anthony Anderson sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 27th. The stock was sold at an average price of $44.07, for a total value of $220,350.00. Following the transaction, the director now owns 20,411 shares of the company’s stock, valued at $899,512.77. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO David P. Storch sold 48,500 shares of the business’s stock in a transaction that occurred on Thursday, April 5th. The shares were sold at an average price of $43.73, for a total value of $2,120,905.00. Following the completion of the transaction, the chief executive officer now directly owns 666,673 shares in the company, valued at approximately $29,153,610.29. The disclosure for this sale can be found here. In the last quarter, insiders sold 108,500 shares of company stock valued at $4,755,155. 9.33% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in AIR. Federated Investors Inc. PA increased its holdings in shares of AAR by 144.1% in the first quarter. Federated Investors Inc. PA now owns 3,146 shares of the aerospace company’s stock valued at $139,000 after purchasing an additional 1,857 shares during the period. Adviser Investments LLC acquired a new position in shares of AAR in the first quarter valued at approximately $166,000. Amalgamated Bank acquired a new position in shares of AAR in the first quarter valued at approximately $204,000. SG Americas Securities LLC increased its holdings in shares of AAR by 92.5% in the first quarter. SG Americas Securities LLC now owns 4,972 shares of the aerospace company’s stock valued at $219,000 after purchasing an additional 2,389 shares during the period. Finally, Profund Advisors LLC acquired a new position in shares of AAR in the first quarter valued at approximately $256,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

About AAR

AAR CORP. provides products and services to commercial aviation, government, and defense markets worldwide. The company's Aviation Services segment offers aftermarket support and services; inventory management and distribution services; and maintenance, repair, and overhaul, as well as engineering services.

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