Other equities research analysts have also issued research reports about the stock. SunTrust Banks boosted their price objective on shares of AAR to $50.00 and gave the stock a buy rating in a research note on Monday, December 4th. Noble Financial reissued a buy rating on shares of AAR in a research note on Friday, December 22nd. TheStreet lowered shares of AAR from a b rating to a c+ rating in a research note on Thursday, December 21st. Canaccord Genuity reissued a hold rating and set a $40.00 price objective on shares of AAR in a research note on Friday, October 13th. Finally, Zacks Investment Research raised shares of AAR from a sell rating to a hold rating in a research note on Friday, September 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The company presently has an average rating of Hold and an average target price of $42.25.
AAR (AIR) traded up $2.82 during trading hours on Friday, reaching $41.73. 394,112 shares of the company traded hands, compared to its average volume of 271,750. AAR has a 1-year low of $31.20 and a 1-year high of $44.04. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.65 and a quick ratio of 1.23. The company has a market capitalization of $1,450.00, a price-to-earnings ratio of 90.72 and a beta of 1.36.
AAR (NYSE:AIR) last posted its quarterly earnings data on Thursday, December 21st. The aerospace company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.02). AAR had a return on equity of 5.61% and a net margin of 1.25%. The business had revenue of $449.70 million for the quarter, compared to the consensus estimate of $450.56 million. During the same period in the previous year, the firm earned $0.35 EPS. The company’s revenue was up 6.1% on a year-over-year basis. analysts anticipate that AAR will post 1.81 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, February 5th. Stockholders of record on Monday, January 22nd will be paid a $0.075 dividend. The ex-dividend date is Friday, January 19th. This represents a $0.30 annualized dividend and a dividend yield of 0.72%. AAR’s dividend payout ratio is presently 65.22%.
In other news, Director Ronald R. Fogleman sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $33.47, for a total value 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 SEC, which is available at this link. Corporate insiders own 9.33% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. lifted its stake in shares of AAR by 1.6% in the second quarter. BlackRock Inc. now owns 4,731,967 shares of the aerospace company’s stock worth $164,483,000 after buying an additional 74,499 shares in the last quarter. Northern Trust Corp lifted its stake in shares of AAR by 4.7% in the second quarter. Northern Trust Corp now owns 1,278,094 shares of the aerospace company’s stock worth $44,427,000 after buying an additional 57,466 shares in the last quarter. State Street Corp lifted its stake in shares of AAR by 1.6% in the second quarter. State Street Corp now owns 1,119,196 shares of the aerospace company’s stock worth $38,901,000 after buying an additional 17,488 shares in the last quarter. Rothschild Asset Management Inc. lifted its stake in shares of AAR by 6.1% in the third quarter. Rothschild Asset Management Inc. now owns 702,718 shares of the aerospace company’s stock worth $26,549,000 after buying an additional 40,308 shares in the last quarter. Finally, Foundry Partners LLC lifted its stake in shares of AAR by 1.9% in the third quarter. Foundry Partners LLC now owns 370,487 shares of the aerospace company’s stock worth $13,997,000 after buying an additional 7,000 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.
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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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