What’s Aar Corp (NYSE:AIR) Upside After This Short Interest Decrease?

October 2, 2018 - By Adrian Mccoy

AAR Corp. (NYSE:AIR) Logo

Investors sentiment increased to 1.46 in 2018 Q2. Its up 0.07, from 1.39 in 2018Q1. It increased, as 13 investors sold AAR Corp. shares while 44 reduced holdings. 28 funds opened positions while 55 raised stakes. 32.39 million shares or 6.13% more from 30.52 million shares in 2018Q1 were reported.
Rhumbline Advisers reported 88,971 shares. Loomis Sayles Ltd Partnership reported 417,562 shares stake. Manufacturers Life The reported 23,424 shares stake. Gamco Incorporated Et Al has invested 0.02% in AAR Corp. (NYSE:AIR). Ubs Asset Americas reported 0% in AAR Corp. (NYSE:AIR). State Teachers Retirement Systems reported 0.01% stake. Chicago Equity Prns Ltd Liability Corporation invested in 0.14% or 94,935 shares. Public Employees Retirement Systems Of Ohio accumulated 3,542 shares. Alliancebernstein Ltd Partnership invested in 41,119 shares or 0% of the stock. Mairs Inc accumulated 73,600 shares. Monarch Ptnrs Asset Mgmt Lc accumulated 89,205 shares. Glenmede Tru Co Na holds 698,849 shares. Bnp Paribas Arbitrage Sa reported 1,749 shares or 0% of all its holdings. Marcato Limited Partnership holds 1.14 million shares. Globeflex Cap Ltd Partnership holds 7,020 shares or 0.07% of its portfolio.

Since April 3, 2018, it had 0 insider purchases, and 3 sales for $4.71 million activity. Another trade for 63,736 shares valued at $3.01M was sold by STORCH DAVID P. Regan Robert J also sold $1.15 million worth of AAR Corp. (NYSE:AIR) on Tuesday, July 31.

The stock of Aar Corp (NYSE:AIR) registered a decrease of 21.16% in short interest. AIR’s total short interest was 526,600 shares in October as published by FINRA. Its down 21.16% from 667,900 shares, reported previously. With 145,400 shares average volume, it will take short sellers 4 days to cover their AIR’s short positions. The short interest to Aar Corp’s float is 1.66%.

The stock decreased 3.49% or $1.67 during the last trading session, reaching $46.22. About 304,593 shares traded or 16.95% up from the average. AAR Corp. (NYSE:AIR) has risen 21.60% since October 2, 2017 and is uptrending. It has outperformed by 5.98% the S&P500.

AAR CORP. provides products and services to commercial aviation, government, and defense markets worldwide. The company has market cap of $1.59 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 82.68 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 3 analysts covering AAR (NYSE:AIR), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. AAR has $58 highest and $47 lowest target. $52.67’s average target is 13.95% above currents $46.22 stock price. AAR had 3 analyst reports since September 11, 2018 according to SRatingsIntel. Canaccord Genuity maintained the stock with “Buy” rating in Wednesday, September 26 report. SunTrust downgraded the stock to “Hold” rating in Tuesday, September 11 report. The firm has “Outperform” rating by Credit Suisse given on Friday, September 28.

More important recent AAR Corp. (NYSE:AIR) news were published by: Seekingalpha.com which released: “AAR Corporation: Diversified Revenue Growth In A Great Industry” on September 19, 2018, also Seekingalpha.com published article titled: “More on AAR Corporation Q1 results”, Streetinsider.com published: “After-Hours Stock Movers 09/25: (VSTM) (CGIX) (AIR) Higher; (DGLY) (ESNC) (NKE) Lower (more…)” on September 25, 2018. More interesting news about AAR Corp. (NYSE:AIR) was released by: Seekingalpha.com and their article: “AAR Corporation (AIR) CEO John Holmes on Q1 2019 Results – Earnings Call Transcript” with publication date: September 26, 2018.

AAR Corp. (NYSE:AIR) Institutional Positions Chart

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