It is currently trading at $37.22 marginally over $34.70, the stock’s 50 day moving average and which is just a bit higher than the 200 day moving average of $34.14. The 50 day moving average was up $2.52 and the 200 day average was up $3.08. (NYSE:AIR) shares saw heavy trading volume with 938K shares changing hands on Thursday. Overall, volume was up 189.92% over the stocks normal daily volume.
Here is the rundown on market activity for AAR Corp. (NYSE:AIR). Anthony Anderson, Director sold $123,235 worth of shares at an average price of $35.21 on Tue the 16th. The Director now owns $714,443 of the stock as recorded in a recent Form 4 SEC filing. John Mcclain Iii Holmes, Vice President; COO Av Serv let go of $170,500 worth of shares at an average price of $34.10 on April 3rd. That brings Holmes’s holdings to $4,399,923 as reported to the SEC.
Vice President; COO Av Serv John Mcclain Iii Holmes sold 11,500 shares at a price of $31.58 on Tue the 11th. Holmes now owns $4,232,667 of stock per an SEC filing yesterday.
Here are a few additional firms who have increased or decreased their stake in (AIR). As of quarter end Morgan Stanley had acquired a total of 275 shares growing its stake by 24.4%. The value of the investment in AAR Corp. went from $37,000 to $47,000 a change of 27.0% for the reporting period. Tower Research Capital LLC (trc) divested its holdings by shedding 534 shares a decrease of 47.5% as of 03/31/2017. Tower Research Capital LLC (trc) currently owns 591 shares worth $20,000. The total value of its holdings decreased 45.9%.
As of the end of the quarter Goldman Sachs Group Inc had sold 38 shares trimming its position 0.2%. The value of the total investment in AAR Corp. increased from $658,000 to $668,000 increasing 1.5% quarter over quarter. As of quarter end State Street Corp had bought a total of 37,935 shares growing its holdings by 3.6%. The value of the investment in (AIR) went from $35,161,000 to $37,049,000 a change of $1,888,000 quarter to quarter.
On October 25 analysts at Gabelli & Co. added AIR to its research portfolio giving it an initial rating of “Buy”. On March 31 Credit Suisse made no change to the company rating of “Neutral” but lowered the price target to $30.00 from $34.00.
On February 24, 2015 the stock rating was set at “Neutral” in a report from Sidoti & Co. a cut from the previous “Buy” rating. On January 15 the stock rating was upgraded to “Buy” from “Hold” in a report from KeyBanc.
March 21 investment analysts at DA Davidson kept the stock rating at “Buy” but lowered the price expectation from $36.00 to $34.00.
The company is up by 1.56% since yesterday’s close of $36.65. AAR Corp. also recently announced a dividend for shareholders that was paid on Friday the 12th of May 2017. The dividend payment was $0.075 per share for the quarter which comes to $0.30 on an annualized basis. The dividend yield was $0.85. The ex-dividend date was set for Thursday the 27th of April 2017.
The company’s P/E ratio is 27.19 and the market cap of the company is 1.25B. As of the last earnings report the EPS was $1.63 and is projected to be $1.85 for the current year with 33,700,000 shares currently outstanding. Analysts expect next quarter’s EPS to be $0.39 with next year’s EPS anticipated to be $2.28.
AAR CORP. (AAR), launched on April 11, 1966, is a provider of services and products to the commercial aviation and government and defense markets. The Company operates through 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. The Business’s services and products include aviation supply chain and parts support programs; MRO of airframes, landing gear and certain other airframe components; design and manufacture of specialized pallets, shelters and containers; expeditionary airlift services, and aircraft modifications and aircraft and engine sales and leasing. The Company serves commercial, defense and governmental aircraft fleet operators, original equipment manufacturers (OEMs) and independent service providers around the world, and various other domestic and foreign military customers..