AAR Corp. (NYSE:AIR) announced a quarterly dividend on Tuesday, March 17th, Zacks reports. Investors of record on Monday, March 30th will be given a dividend of 0.075 per share by the aerospace company on Thursday, April 9th. This represents a $0.30 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Friday, March 27th.
AAR has a dividend payout ratio of 12.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect AAR to earn $2.23 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 13.5%.
Shares of AAR stock opened at $16.44 on Thursday. The stock has a market capitalization of $532.78 million, a price-to-earnings ratio of 6.06 and a beta of 1.33. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.64 and a quick ratio of 1.21. The business has a 50-day moving average of $33.55 and a 200 day moving average of $41.40. AAR has a 12 month low of $8.56 and a 12 month high of $52.78.
AIR has been the topic of several recent research reports. Benchmark cut their target price on shares of AAR from $54.00 to $25.00 and set a “buy” rating on the stock in a research note on Wednesday. SunTrust Banks upgraded AAR from a “hold” rating to a “buy” rating and increased their price objective for the company from $48.00 to $56.00 in a research note on Wednesday, January 8th. ValuEngine cut AAR from a “sell” rating to a “strong sell” rating in a research note on Wednesday, March 18th. TheStreet downgraded AAR from a “b-” rating to a “c” rating in a report on Monday, March 16th. Finally, Zacks Investment Research lowered AAR from a “buy” rating to a “hold” rating and set a $51.00 price target on the stock. in a research report on Tuesday, December 24th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $44.33.
In other AAR news, CEO John Mcclain Holmes III sold 17,500 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $45.65, for a total value of $798,875.00. Following the sale, the chief executive officer now directly owns 183,588 shares in the company, valued at $8,380,792.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David P. Storch sold 9,663 shares of AAR stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $45.95, for a total value of $444,014.85. Following the sale, the director now directly owns 493,364 shares of the company’s stock, valued at $22,670,075.80. The disclosure for this sale can be found here. Insiders have sold a total of 63,163 shares of company stock valued at $2,935,560 in the last quarter. 8.01% of the stock is currently owned by company insiders.
AAR Company Profile
AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. The company operates in two segments, Aviation Services and Expeditionary Services. The 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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