Insider Selling: AAR Corp. (NYSE:AIR) Director Sells 3,000 Shares of Stock

AAR Corp. (NYSE:AIR) Director Ronald R. Fogleman sold 3,000 shares of the business’s stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $33.47, for a total transaction of $100,410.00. Following the transaction, the director now owns 23,406 shares in the company, valued at $783,398.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of AAR Corp. (NYSE:AIR) traded down $0.26 during mid-day trading on Friday, hitting $40.11. 170,000 shares of the stock traded hands, compared to its average volume of 177,804. The stock has a market capitalization of $1,397.69, a P/E ratio of 27.28 and a beta of 1.33. The company has a quick ratio of 1.38, a current ratio of 2.90 and a debt-to-equity ratio of 0.20. AAR Corp. has a fifty-two week low of $31.20 and a fifty-two week high of $41.94.

AAR Corp. (NYSE:AIR) last posted its quarterly earnings data on Tuesday, September 19th. The aerospace company reported $0.31 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.31. AAR Corp. had a net margin of 3.20% and a return on equity of 5.66%. The firm had revenue of $439.20 million for the quarter, compared to the consensus estimate of $410.52 million. During the same period in the prior year, the firm posted $0.29 EPS. The firm’s revenue was up 8.5% compared to the same quarter last year. research analysts forecast that AAR Corp. will post 1.81 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 3rd. Shareholders of record on Monday, October 23rd were paid a dividend of $0.075 per share. The ex-dividend date was Friday, October 20th. This represents a $0.30 dividend on an annualized basis and a yield of 0.75%. AAR Corp.’s dividend payout ratio (DPR) is 17.86%.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. boosted its stake in AAR Corp. by 1.6% during the 2nd quarter. BlackRock Inc. now owns 4,731,967 shares of the aerospace company’s stock valued at $164,483,000 after acquiring an additional 74,499 shares during the last quarter. Vanguard Group Inc. boosted its stake in AAR Corp. by 5.7% during the 1st quarter. Vanguard Group Inc. now owns 2,924,503 shares of the aerospace company’s stock valued at $98,350,000 after acquiring an additional 157,388 shares during the last quarter. Northern Trust Corp boosted its stake in AAR Corp. by 4.7% during the 2nd quarter. Northern Trust Corp now owns 1,278,094 shares of the aerospace company’s stock valued at $44,427,000 after acquiring an additional 57,466 shares during the last quarter. State Street Corp boosted its stake in AAR Corp. by 1.6% during the 2nd quarter. State Street Corp now owns 1,119,196 shares of the aerospace company’s stock valued at $38,901,000 after acquiring an additional 17,488 shares during the last quarter. Finally, Rothschild Asset Management Inc. boosted its stake in AAR Corp. by 6.1% during the 3rd quarter. Rothschild Asset Management Inc. now owns 702,718 shares of the aerospace company’s stock valued at $26,549,000 after acquiring an additional 40,308 shares during the last quarter. Hedge funds and other institutional investors own 87.68% of the company’s stock.

Several brokerages have issued reports on AIR. Noble Financial reaffirmed a “buy” rating on shares of AAR Corp. in a report on Friday, August 11th. Canaccord Genuity began coverage on shares of AAR Corp. in a research report on Wednesday, September 6th. They issued a “hold” rating and a $40.00 price objective for the company. Zacks Investment Research upgraded shares of AAR Corp. from a “sell” rating to a “hold” rating in a research note on Friday, September 22nd. BidaskClub downgraded shares of AAR Corp. from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Finally, Seaport Global Securities began coverage on shares of AAR Corp. in a research note on Tuesday, September 12th. They issued a “neutral” rating and a $39.00 target price for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $46.20.

About AAR Corp.

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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