AAR Corp. (NYSE:AIR) declared a quarterly dividend on Tuesday, January 9th, RTT News reports. Investors of record on Monday, January 22nd will be paid a dividend of 0.075 per share by the aerospace company on Monday, February 5th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.77%.
AAR has a dividend payout ratio of 16.6% meaning its dividend is sufficiently covered by earnings. Analysts expect AAR to earn $2.58 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 11.6%.
Shares of AAR (NYSE AIR) traded down $0.45 during midday trading on Wednesday, hitting $38.73. The company had a trading volume of 198,200 shares, compared to its average volume of 305,333. The company has a quick ratio of 1.23, a current ratio of 2.65 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $1,350.00, a price-to-earnings ratio of 84.20 and a beta of 1.36. AAR has a twelve month low of $31.20 and a twelve month high of $44.04.
In related news, Director Ronald R. Fogleman sold 3,000 shares of the firm’s stock in a transaction dated Friday, December 29th. The stock was 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 9.33% of the stock is owned by company insiders.
AIR has been the subject of several recent analyst reports. Zacks Investment Research upgraded AAR from a “sell” rating to a “hold” rating in a research note on Thursday, September 14th. Seaport Global Securities initiated coverage on AAR in a research note on Tuesday, September 12th. They set a “neutral” rating and a $39.00 price objective for the company. SunTrust Banks increased their price objective on AAR to $50.00 and gave the stock a “buy” rating in a research note on Monday, December 4th. Canaccord Genuity reiterated a “hold” rating and set a $40.00 price objective on shares of AAR in a research note on Friday, October 13th. Finally, Noble Financial restated a “buy” rating on shares of AAR in a report on Friday, December 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. AAR has an average rating of “Hold” and an average price target of $42.25.
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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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