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AAR Corp. CEO David Storch Bought 20,000 Shares

June 21, 2012 | About:

Chairman & CEO of Aar Corp (NYSE:AIR) David P Storch bought 20,000 shares on 06/19/2012 at an average price of $10.93. The total transaction amount is $218,600. AAR Corp. is a worldwide leader in supplying aftermarket products and services to the global aerospace/aviation industry. Aar Corp has a market cap of $416.6 million; its shares were traded at around $11.76 with a P/E ratio of 5.7 and P/S ratio of 0.2. The dividend yield of Aar Corp stocks is 2.9%. Aar Corp had an annual average earnings growth of 13.4% over the past 5 years.

This was the only recent trade that David Storch made in AIR. However, several other insiders have also recently increased their positions in the company. President & COO Timothy J Romenesko bought 5,000 shares of AIR stock on 06/19/2012 at the average price of 10.47. Director Marc Walfish also recently bought 5,000 shares of the company.

David Storch has a long history in working with AAR Corp. He has been the Chief Executive Officer of AAR Corp. since October 1996. He served as the President of AAR Corp. from 1989 to June 1, 2007. He served as the Chief Operating Officer of AAR Corp. from 1989 to 1996 and as its Vice President from 1988 to 1989. Mr. Storch holds a Bachelor of Arts Degree from Ithaca College.

Mario Gabelli owns 75,000 shares as of 03/31/2012, which accounts for 0.0098% of the $13.95 billion portfolio of GAMCO Investors. Arnold Schneider owns 180,034 shares as of 03/31/2012, which accounts for 0.27% of the $1.23 billion portfolio of Schneider Capital Management.

AIR has a pretty steady annual revenue growth average of 6% per year on average for the past 10 years. EPS has shown great improvement throughout the past 10 years, being negative in fiscal 2002 and 2003 but improving to positive figures in recent years. AIR holds $57.34 million in cash and has a total of $914 million in assets. However, it also owes $325 million in long-term debt, and an additional $132 million in other long-term liabilities. From 2006 until 2010, AIR has been issuing new shares of the stock, but in 2011, the company bought back $0.51 million worth of shares.

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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