Can Aar Corp (NYSE:AIR)’s Tomorrow Be Different? The Stock Had Decline in Shorts

April 17, 2018 - By Duane Lopez

AAR Corp. (NYSE:AIR) Logo

Investors sentiment decreased to 0.89 in Q4 2017. Its down 0.61, from 1.5 in 2017Q3. It dived, as 22 investors sold AAR Corp. shares while 58 reduced holdings. 28 funds opened positions while 43 raised stakes. 30.14 million shares or 0.25% more from 30.06 million shares in 2017Q3 were reported.
Strs Ohio reported 0% stake. Patten Group has invested 0.01% in AAR Corp. (NYSE:AIR). Tiaa Cref Management Ltd Llc holds 78,253 shares or 0% of its portfolio. California Public Employees Retirement System accumulated 75,272 shares or 0% of the stock. Qs Investors Ltd Co accumulated 0.02% or 62,338 shares. Dimensional Fund Advisors Ltd Partnership holds 2.92 million shares. Suntrust Banks has 45,131 shares. Teacher Retirement Sys Of Texas owns 11,241 shares. State Board Of Administration Of Florida Retirement Systems holds 0% of its portfolio in AAR Corp. (NYSE:AIR) for 28,803 shares. Parkside Finance Financial Bank Trust owns 21 shares or 0% of their US portfolio. Bridgeway Cap Management holds 13,660 shares or 0.01% of its portfolio. Great West Life Assurance Can has 0% invested in AAR Corp. (NYSE:AIR). Numeric Invsts Ltd Liability holds 0.04% of its portfolio in AAR Corp. (NYSE:AIR) for 131,331 shares. Moreover, Magnetar Financial Ltd Limited Liability Company has 0.01% invested in AAR Corp. (NYSE:AIR). Anchor Ltd has 39,884 shares for 0.06% of their portfolio.

Since January 17, 2018, it had 0 insider buys, and 5 selling transactions for $5.78 million activity. Anderson Anthony sold 5,000 shares worth $220,374. PACE PETER had sold 5,000 shares worth $212,900 on Tuesday, April 3.

The stock of Aar Corp (NYSE:AIR) registered a decrease of 7.39% in short interest. AIR’s total short interest was 1.13M shares in April as published by FINRA. Its down 7.39% from 1.23M shares, reported previously. With 358,900 shares average volume, it will take short sellers 3 days to cover their AIR’s short positions. The short interest to Aar Corp’s float is 3.58%.

The stock increased 1.96% or $0.86 during the last trading session, reaching $44.72. About 124,283 shares traded. AAR Corp. (NYSE:AIR) has risen 31.71% since April 17, 2017 and is uptrending. It has outperformed by 20.16% the S&P500.

AAR CORP. provides products and services to commercial aviation, government, and defense markets worldwide. The company has market cap of $1.52 billion. The companyÂ’s Aviation Services segment offers aftermarket support and services; inventory management and distribution services; and maintenance, repair, and overhaul, as well as engineering services. It has a 64.25 P/E ratio. 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.

AAR Corp. (NYSE:AIR) Ratings Coverage

Among 5 analysts covering AAR Corp (NYSE:AIR), 5 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. AAR Corp had 9 analyst reports since November 1, 2017 according to SRatingsIntel. On Friday, January 12 the stock rating was upgraded by Credit Suisse to “Buy”. The stock has “Buy” rating by Seaport Global on Tuesday, January 16. The stock of AAR Corp. (NYSE:AIR) earned “Buy” rating by Noble Financial on Thursday, November 2. Canaccord Genuity upgraded the stock to “Buy” rating in Thursday, February 8 report. The company was maintained on Tuesday, January 16 by Noble Financial. Credit Suisse maintained the shares of AIR in report on Thursday, March 22 with “Outperform” rating. Noble Financial maintained the stock with “Buy” rating in Friday, December 22 report. The rating was maintained by Canaccord Genuity with “Hold” on Thursday, January 11. SunTrust maintained AAR Corp. (NYSE:AIR) on Wednesday, November 1 with “Buy” rating.

AAR Corp. (NYSE:AIR) Institutional Positions Chart

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