Price Action Don’t Lie: Is AAR Corp. a Buy? The Stock Reaches 52-Week High Today

Price Action Don't Lie: Is AAR Corp. a Buy? The Stock Reaches 52 Week High Today

The stock of AAR Corp. (NYSE:AIR) hit a new 52-week high and has $54.94 target or 48.00% above today’s $37.12 share price. The 8 months bullish chart indicates low risk for the $1.29B company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $54.94 price target is reached, the company will be worth $619.20M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 25,302 shares traded hands. AAR Corp. (NYSE:AIR) has risen 51.80% since April 15, 2016 and is uptrending. It has outperformed by 47.18% the S&P500.

According to Zacks Investment Research, “AAR Corp. is a worldwide leader in supplying aftermarket products and services to the global aerospace/aviation industry. It provides aircraft, engines and engine parts; airframe and accessories products; overhaul, repair and maintenance services and company-manufactured products to customers in all segments of this industry, including the world’s largest commercial airlines and air cargo operators, original equipment manufacturers, domestic and foreign military and government agencies, aircraft leasing companies and maintenance service providers.”

Insitutional Activity: The institutional sentiment decreased to 0.98 in 2016 Q2. Its down 0.33, from 1.31 in 2016Q1. The ratio dived, as 16 funds sold all AAR Corp. shares owned while 44 reduced positions. 10 funds bought stakes while 49 increased positions. They now own 28.77 million shares or 2.76% less from 29.58 million shares in 2016Q1.
Prudential last reported 0.01% of its portfolio in the stock. Moreover, Creative Planning has 0% invested in AAR Corp. (NYSE:AIR) for 441 shares. Buckhead Mgmt Ltd accumulated 230,000 shares or 0.98% of the stock. Schwab Charles Management Inc last reported 244,497 shares in the company. Bridgeway Cap Mngmt owns 207,160 shares or 0.07% of their US portfolio. Jacobs Levy Equity last reported 28,809 shares in the company. Parametric Port Limited Liability Company reported 173,341 shares or 0.01% of all its holdings. Blackrock Inv Mgmt Lc owns 151,352 shares or 0% of their US portfolio. Ladenburg Thalmann Financial Service Inc holds 1,415 shares or 0% of its portfolio. Principal Grp last reported 229,858 shares in the company. Teacher Retirement Of Texas accumulated 0% or 4,673 shares. The New York-based Blackrock has invested 0% in AAR Corp. (NYSE:AIR). Qs Limited Company holds 0.02% of its portfolio in AAR Corp. (NYSE:AIR) for 81,835 shares. Aperio Gp Limited Com accumulated 12,006 shares or 0% of the stock. Federated Investors Incorporated Pa holds 2,659 shares or 0% of its portfolio.

Insider Transactions: Since September 26, 2016, the stock had 0 buys, and 3 sales for $940,285 net activity. $432,903 worth of shares were sold by Regan Robert J on Friday, September 30. Another trade for 5,000 shares valued at $145,659 was made by PACE PETER on Monday, September 26. On Friday, October 7 Holmes John McClain III sold $361,723 worth of the stock or 11,500 shares.

More recent AAR Corp. (NYSE:AIR) news were published by: Zacks.com which released: “AAR Corp. Signs a $125M PBH Deal to Boost African Business” on October 11, 2016. Also Seekingalpha.com published the news titled: “AAR Corp. – Potential Recovery Within Expeditionary Services And Organic …” on July 18, 2016. Zacks.com‘s news article titled: “AAR Corp (AIR) Q4 Earnings Miss Estimates, Revenues Lag” with publication date: July 13, 2016 was also an interesting one.

AIR Company Profile

AAR CORP. (AAR), incorporated on April 11, 1966, is a well-known provider of services and products to the commercial aviation and government and defense markets. The Firm operates through two divisions: Aviation Services, which consists of supply chain and maintenance, repair and overhaul (MRO) activities, and Expeditionary Services, which includes airlift and mobility activities. The Company’s services and products include aviation supply chain and parts support programs; MRO of airframes, landing gear and certain other airframe components; design and manufacture of specialized pallets, shelters and containers; expeditionary airlift services, and aircraft modifications and aircraft and engine sales and leasing. The Firm serves commercial, defense and governmental aircraft fleet operators, original equipment manufacturers (OEMs) and independent service providers around the world, and various other domestic and foreign military customers.

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