AAR Corp. (NYSE:AIR) Short Interest Update

AAR Corp. (NYSE:AIR - Get Free Report) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 955,500 shares, a growth of 5.7% from the March 15th total of 904,100 shares. Approximately 2.8% of the shares of the stock are short sold. Based on an average daily volume of 346,800 shares, the short-interest ratio is currently 2.8 days.

AAR Trading Up 0.8 %

Shares of AIR traded up $0.48 during mid-day trading on Tuesday, hitting $61.14. 171,067 shares of the company's stock traded hands, compared to its average volume of 337,143. The company has a quick ratio of 1.33, a current ratio of 2.90 and a debt-to-equity ratio of 0.24. AAR has a 1 year low of $50.06 and a 1 year high of $73.95. The firm has a market capitalization of $2.17 billion, a P/E ratio of 35.95 and a beta of 1.67. The business's 50-day moving average price is $63.35 and its 200-day moving average price is $63.04.

AAR (NYSE:AIR - Get Free Report) last posted its earnings results on Thursday, March 21st. The aerospace company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.01. AAR had a return on equity of 10.17% and a net margin of 2.73%. As a group, sell-side analysts forecast that AAR will post 3.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on AIR shares. Stifel Nicolaus raised their price target on AAR from $80.00 to $81.00 and gave the company a "buy" rating in a report on Friday, December 22nd. Truist Financial increased their price objective on AAR from $68.00 to $81.00 and gave the company a "buy" rating in a research report on Friday, December 22nd. William Blair started coverage on AAR in a research report on Monday, January 29th. They set an "outperform" rating on the stock. Benchmark increased their price objective on AAR from $65.00 to $83.00 and gave the company a "buy" rating in a research report on Monday. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $80.00 price target on shares of AAR in a research note on Friday, March 22nd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $81.25.

Insider Buying and Selling

In related news, CAO Jessica A. Garascia sold 7,352 shares of the stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $63.37, for a total transaction of $465,896.24. Following the sale, the chief accounting officer now owns 28,165 shares of the company's stock, valued at approximately $1,784,816.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other AAR news, CAO Jessica A. Garascia sold 7,352 shares of the firm's stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $63.37, for a total value of $465,896.24. Following the sale, the chief accounting officer now owns 28,165 shares of the company's stock, valued at approximately $1,784,816.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO John Mcclain Holmes III sold 29,250 shares of the firm's stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $60.21, for a total value of $1,761,142.50. Following the completion of the sale, the chief executive officer now directly owns 303,621 shares in the company, valued at approximately $18,281,020.41. The disclosure for this sale can be found here. In the last quarter, insiders have sold 64,747 shares of company stock valued at $3,858,323. Corporate insiders own 4.30% of the company's stock.

Hedge Funds Weigh In On AAR

Several hedge funds have recently made changes to their positions in AIR. Quantbot Technologies LP bought a new stake in shares of AAR during the first quarter valued at approximately $26,000. GAMMA Investing LLC bought a new stake in shares of AAR during the fourth quarter valued at approximately $27,000. DekaBank Deutsche Girozentrale bought a new stake in shares of AAR during the third quarter valued at approximately $33,000. Point72 Hong Kong Ltd bought a new stake in shares of AAR during the first quarter valued at approximately $44,000. Finally, Point72 Asset Management L.P. bought a new stake in AAR in the second quarter worth $52,000. 90.74% of the stock is owned by hedge funds and other institutional investors.

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.

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