Is AAR Corp. (AIR)’s Fuel Running Low? The Stock Reaches All-Time High Today

April 19, 2018 - By Vivian Currie

AAR Corp. (NYSE:AIR) Logo

Investors sentiment decreased to 0.89 in Q4 2017. Its down 0.61, from 1.5 in 2017Q3. It turned negative, 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.
Invesco Limited, a Georgia-based fund reported 373,070 shares. Brandywine Global Invest Mgmt Limited Com invested 0.03% of its portfolio in AAR Corp. (NYSE:AIR). Rothschild Asset Mngmt accumulated 687,047 shares. Sei Invests Communications owns 121,054 shares for 0.02% of their portfolio. Manufacturers Life Insur The has 24,253 shares for 0% of their portfolio. Los Angeles Management Equity Rech has 6,870 shares. Swiss Bank & Trust accumulated 55,700 shares. Moreover, Great West Life Assurance Can has 0% invested in AAR Corp. (NYSE:AIR) for 44,310 shares. Telemark Asset Mngmt accumulated 110,000 shares. Parametric Assocs Ltd Liability Corporation reported 140,773 shares or 0.01% of all its holdings. Alphaone Investment Limited invested in 0.03% or 2,271 shares. 22,547 were reported by Canal Insurance Co. Morgan Stanley holds 161,348 shares or 0% of its portfolio. First Trust Advsrs Ltd Partnership invested in 0% or 45,499 shares. Bnp Paribas Arbitrage Sa accumulated 0% or 64,718 shares.

Since January 17, 2018, it had 0 buys, and 5 insider sales for $5.78 million activity. Anderson Anthony sold $220,374 worth of stock or 5,000 shares. Another trade for 5,000 shares valued at $212,900 was made by PACE PETER on Tuesday, April 3.

The stock of AAR Corp. (NYSE:AIR) reached all time high today, Apr, 19 and still has $47.74 target or 5.00 % above today’s $45.47 share price. This indicates more upside for the $1.54 billion company. This technical setup was reported by Barchart.com. If the $47.74 PT is reached, the company will be worth $77.15M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 0.26% or $0.12 during the last trading session, reaching $45.47. About 125,741 shares traded. AAR Corp. (NYSE:AIR) has risen 31.71% since April 19, 2017 and is uptrending. It has outperformed by 20.16% the S&P500.

Analysts await AAR Corp. (NYSE:AIR) to report earnings on July, 10. They expect $0.69 earnings per share, up 56.82 % or $0.25 from last year’s $0.44 per share. AIR’s profit will be $23.41M for 16.47 P/E if the $0.69 EPS becomes a reality. After $0.49 actual earnings per share reported by AAR Corp. for the previous quarter, Wall Street now forecasts 40.82 % EPS growth.

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. Noble Financial maintained the stock with “Buy” rating in Friday, December 22 report. The company was maintained on Thursday, March 22 by Credit Suisse. The stock of AAR Corp. (NYSE:AIR) has “Buy” rating given on Tuesday, January 16 by Noble Financial. Credit Suisse upgraded it to “Buy” rating and $49.0 target in Friday, January 12 report. The stock of AAR Corp. (NYSE:AIR) earned “Buy” rating by SunTrust on Wednesday, November 1. The stock of AAR Corp. (NYSE:AIR) has “Buy” rating given on Tuesday, January 16 by Seaport Global. The firm has “Buy” rating by Noble Financial given on Thursday, November 2. Canaccord Genuity upgraded the stock to “Buy” rating in Thursday, February 8 report. Canaccord Genuity maintained AAR Corp. (NYSE:AIR) rating on Thursday, January 11. Canaccord Genuity has “Hold” rating and $42.0 target.

AAR CORP. provides products and services to commercial aviation, government, and defense markets worldwide. The company has market cap of $1.54 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 65.33 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) Institutional Positions Chart

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