AAR Corp. (NYSE:AIR) Short Interest Update

AAR Corp. (NYSE:AIR) saw a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 935,600 shares, a growth of 7.2% from the May 31st total of 872,500 shares. Based on an average daily trading volume, of 310,000 shares, the short-interest ratio is presently 3.0 days. Currently, 2.7% of the company’s shares are short sold.

AAR Price Performance

AIR stock opened at $72.08 on Thursday. The business’s fifty day moving average price is $70.18 and its 200 day moving average price is $65.31. The company has a current ratio of 2.90, a quick ratio of 1.33 and a debt-to-equity ratio of 0.24. AAR has a 12-month low of $55.00 and a 12-month high of $73.95. The company has a market capitalization of $2.55 billion, a PE ratio of 42.40 and a beta of 1.54.

Analyst Ratings Changes

A number of research firms have commented on AIR. Stifel Nicolaus lifted their target price on AAR from $81.00 to $86.00 and gave the company a “buy” rating in a research report on Tuesday, May 14th. Benchmark boosted their price objective on AAR from $65.00 to $83.00 and gave the company a “buy” rating in a report on Monday, April 15th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $80.00 price objective on shares of AAR in a report on Friday, May 24th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $82.50.

Insiders Place Their Bets

In other AAR news, SVP Christopher A. Jessup sold 14,973 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $70.05, for a total transaction of $1,048,858.65. Following the transaction, the senior vice president now owns 51,803 shares of the company’s stock, valued at $3,628,800.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other AAR news, SVP Christopher A. Jessup sold 15,929 shares of AAR stock in a transaction on Monday, May 6th. The stock was sold at an average price of $70.09, for a total value of $1,116,463.61. Following the sale, the senior vice president now owns 51,803 shares in the company, valued at $3,630,872.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Christopher A. Jessup sold 14,973 shares of AAR stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $70.05, for a total value of $1,048,858.65. Following the completion of the sale, the senior vice president now owns 51,803 shares in the company, valued at approximately $3,628,800.15. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 43,375 shares of company stock valued at $2,994,605. Insiders own 4.30% of the company’s stock.

Institutional Investors Weigh In On AAR

Large investors have recently bought and sold shares of the stock. GAMMA Investing LLC purchased a new stake in AAR during the 4th quarter worth about $27,000. EverSource Wealth Advisors LLC increased its holdings in AAR by 283.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 544 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 402 shares during the period. Geneos Wealth Management Inc. purchased a new stake in AAR during the 1st quarter worth about $63,000. Psagot Value Holdings Ltd. Israel increased its holdings in AAR by 737.1% during the 4th quarter. Psagot Value Holdings Ltd. Israel now owns 1,105 shares of the aerospace company’s stock worth $69,000 after purchasing an additional 973 shares during the period. Finally, DekaBank Deutsche Girozentrale increased its holdings in AAR by 124.6% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 1,251 shares of the aerospace company’s stock worth $77,000 after purchasing an additional 694 shares during the period. Hedge funds and other institutional investors own 90.74% of the company’s stock.

About AAR

AAR Corp. provides products and services to commercial aviation, government, and defense markets worldwide. It operates through Aviation Services and Expeditionary Services segments. The Aviation Services segment engages in lease and sale of new, overhauled and repaired engine, and airframe parts and components, as well as aircrafts; and offers customized flight hour component inventory and repair, warranty claim management, and outsourcing programs for engine and airframe parts and components.