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NYA:AIR, Apr 25, 02:49 UTC

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Tuesday, April 16


News

AAR in June to lay off 80 at Rockford jet repair hub

AIR

AAR in June to lay off 80 at Rockford jet repair hub. ROCKFORD, Ill. (AP) — Aircraft maintenance and repair company AAR in June will lay off about half its workforce in Rockford, Illinois, citing an expected seasonal downturn in work. Wood Dale-based AAR began operating out of the Greater Rockford Airport Authority's twin-hangar maintenance center in late 2016 after signing a 10-year lease. Rockford Mayor Tom McNamara said he spoke with AAR CEO John Holmes who told him AAR tends to shed workers during the spring and summer months when airlines have most of their planes in the sky.

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News

AAR Announces Cash Dividend

AIR

WOOD DALE, Ill., April 16, 2019 /PRNewswire/ -- AAR CORP. (AIR) announced that its Board of Directors at its regularly scheduled meeting declared a quarterly cash dividend of $0.075 per share to its stockholders. The dividend will be payable on May 16, 2019 to stockholders of record as of the close of business on May 1, 2019. AAR is a global aerospace and defense aftermarket solutions company that employs more than 6,000 people in over 20 countries. These forward-looking statements are based on beliefs of Company management, as well as assumptions and estimates based on information currently available to the Company, and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated, including those factors discussed under Item 1A, entitled "Risk Factors", included in the Company's Form 10-K for the fiscal year ended May 31, 2018.

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News

AAR to lay off 80 at Rockford jet repair hub this summer

AIR

April 15--ROCKFORD -- AAR Corp. will lay off 80 employees -- roughly half of its Rockford workforce -- beginning June 4 as part of a seasonal downturn. AAR began operating out of the Greater Rockford Airport Authority's twin-hangar maintenance center in late 2016 after signing a 10-year lease with the airport for the building at 6150 Cessna Drive. The mayor said he was told that AAR tends to shed workers during the spring and summer months when demand for maintenance is lower because that's when airlines have most of their planes in the sky to accommodate leisure travelers. Most AAR facilities are impacted by this seasonal decline, however some will still have demand over the summer, and we will be offering jobs at those facilities to many of our Rockford employees.

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Sunday, April 14


News

Big Money Not In Aar Corp (NYSE:AIR), Sentiment at 1.08

AIR

“Big money sentiment for Aar Corp (NYSE:AIR) in Q4 2018 decreased to 1.08, according to SEC.gov filings. So its down -0.50, from 2018Q3’s 1.58. 83 investment managers opened new or increased holdings, while 77 decreased and sold equity positions in Aar Corp so the sentiment is negative. Beach Point Capital Management Lp owns 490,377 shares in Aar Corp as of Q4 2018. As of Q4 2018, 200,000 shares of Aar Corp are owned by Telemark Asset Management Llc. This segment also sells and leases new, overhauled, and repaired engine and airframe parts and components; and provides inventory and repair programs, warranty claim management, and outsourcing programs for engine and airframe parts and components, as well as performance logistics programs in support of the U.S. AIR reached $33.96 during the last trading session after $0.29 change.AAR Corp. is downtrending after having declined 15.00% since April 14, 2018.

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Friday, April 12


News

AAR reports annual declines for U.S. rail carload and intermodal units for week ending April 6 - Logistics Management

AIR

Logistics in the NewsAAR reports annual declines for U.S. rail carload and intermodal units for week ending April 6Risk management alert issued by Atradius on leading Asian economiesQ&A: Victor Garcia, president and CEO of CAI InternationalDHL Supply Chain makes $100 million investment into S.C.-based distribution and warehouse parkAnheuser-Busch takes steps to more streamlined operations by strategically leveraging dataMore Logistics News. AAR said that three of the 10 carload commodity groups it tracks saw annual gains, including: petroleum and petroleum products, up 1,711 carloads, to 11,610; nonmetallic minerals, up 493 carloads, to 36,059; and motor vehicles and parts, up 434 carloads, to 17,557. Commodity groups that posted decreases compared with the same week in 2018 included coal, down 6,417 carloads, to 75,048; grain, down 3,525 carloads, to 21,815; and chemicals, down 1,347 carloads, to 32,358. On a year-to-date basis through the first 14 weeks of 2019, AAR reported that U.S. rail carloads-at 3,447,026-are off 3.1% annually, and intermodal units-at 3,735,232-are off 0.6% for the same period.

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Thursday, April 11


News

AAR (AIR) Releases FY19 Earnings Guidance

AIR

Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. 621 shares of the company were exchanged, compared to its average volume of 485,258. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.33 and a current ratio of 2.76. AAR’s revenue for the quarter was up 16.0% on a year-over-year basis. As a group, research analysts predict that AAR will post 2.54 earnings per share for the current year.

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News

AAR (AIR) Releases FY 2019 Earnings Guidance

AIR

AAR (NYSE:AIR) issued an update on its FY 2019 earnings guidance on Tuesday morning. The company issued revenue guidance of $2.01-2.03 billion, compared to the consensus revenue estimate of $2.05 billion.AAR also updated its FY19 guidance to $2.50-2.57 EPS. AAR has a 12 month low of $31.51 and a 12 month high of $51.52. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.33 and a current ratio of 2.76.

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Wednesday, April 10


News

AAR PW2000 contract with MTU Maintenance extended for another five years

AIR

WOOD DALE, Ill., April 10, 2019 /PRNewswire/ -- AAR (AIR) just announced that it will be extending its PW2000 engine support contract with MTU Maintenance for another five years. MTU has recently said they have won contracts valued at more than $700 million and remains committed to its PW2000 engine MRO program for at least another 10 years. Partnering with AAR ensures that MTU Maintenance will have a reliable supply of USM for PW2000 shop visits. "AAR greatly values this multi-decade relationship and is proud to continue offering MTU solutions using the industry's largest supply of USM quality parts." For more information on AAR's global parts supply services, click here.

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News

Aar Corp (NYSE:AIR) Shorted Shares Increased By 32.36%

AIR DAL

32 investors sold all, 45 reduced holdings as AAR Corp. ratio worsened. Funds hold 31.50 million shares thus 3.86% more from 2018Q3’s 30.33 million shares. Price T Rowe Associate Md holds 0% of its capital in AAR Corp. (NYSE:AIR) for 8,039 shs. Ticker’s shares touched $33.14 during the last trading session after 2.33% change.Currently AAR Corp. is downtrending after 15.00% change in last April 10, 2018.

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Saturday, April 06


News

Aar Corp (NYSE:AIR) Big Money Sentiment Index Falls in Q4 2018 to 1.08

AIR SEE

“Big money sentiment for Aar Corp (NYSE:AIR) in Q4 2018 decreased to 1.08, SEC.gov filings reveal. 83 institutional investors increased or opened new equity positions, while 77 sold and decreased positions in Aar Corp so the sentiment has dropped. Beach Point Capital Management Lp owns 490,377 shares in Aar Corp as of Q4 2018. Also, Vaughan Nelson Investment Management L.P. reported 1.22 million shares in Aar Corp equivalent to 0.65% of its US equity exposure.

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