AAR Corp. (NYSE:AIR) CEO David P. Storch sold 48,500 shares of AAR stock in a transaction dated Thursday, April 5th. The stock was 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 sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of NYSE AIR opened at $43.80 on Thursday. AAR Corp. has a one year low of $32.57 and a one year high of $45.60. The stock has a market cap of $1,515.24, a price-to-earnings ratio of 30.21 and a beta of 1.22. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.86 and a quick ratio of 1.41.
AAR (NYSE:AIR) last announced its quarterly earnings data on Tuesday, March 20th. The aerospace company reported $0.49 EPS for the quarter, topping 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 firm had revenue of $456.30 million during the quarter, compared to analyst estimates of $475.89 million. During the same period last year, the company posted $0.39 EPS. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. equities analysts expect that AAR Corp. will post 1.81 EPS for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Teachers Advisors LLC boosted its position in AAR by 2.3% during the 4th quarter. Teachers Advisors LLC now owns 58,068 shares of the aerospace company’s stock worth $2,281,000 after acquiring an additional 1,303 shares during the period. American International Group Inc. lifted its holdings in shares of AAR by 5.9% during the 3rd quarter. American International Group Inc. now owns 25,486 shares of the aerospace company’s stock valued at $963,000 after buying an additional 1,420 shares during the last quarter. Swiss National Bank lifted its holdings in shares of AAR by 4.1% during the 4th quarter. Swiss National Bank now owns 55,700 shares of the aerospace company’s stock valued at $2,188,000 after buying an additional 2,200 shares during the last quarter. UBS Asset Management Americas Inc. lifted its holdings in shares of AAR by 12.9% during the 4th quarter. UBS Asset Management Americas Inc. now owns 20,840 shares of the aerospace company’s stock valued at $819,000 after buying an additional 2,374 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of AAR by 5.3% during the 3rd quarter. Legal & General Group Plc now owns 65,599 shares of the aerospace company’s stock valued at $2,478,000 after buying an additional 3,317 shares during the last quarter. Hedge funds and other institutional investors own 89.38% 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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