In today’s session AAR Corp. (AIR) registered an unusually high (300) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious AIR increase. With 300 contracts traded and 3714 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: AIR161118C00030000 closed last at: $1.6 or 13.5% down. About 35,420 shares traded hands. AAR Corp. (NYSE:AIR) has risen 51.05% since March 15, 2016 and is uptrending. It has outperformed by 45.56% 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 Q2 2016. Its down 0.33, from 1.31 in 2016Q1. The ratio fall, 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.
New York State Common Retirement Fund owns 35,200 shares or 0% of their US portfolio. Foundry Partners Limited Liability Com, a Minnesota-based fund reported 355,554 shares. Irving Magee Management last reported 194,634 shares in the company. Rice Hall James And Associates Limited holds 0.08% of its portfolio in AAR Corp. (NYSE:AIR) for 62,408 shares. Envestnet Asset Management Inc accumulated 0% or 4,524 shares. Renaissance Technology Limited Liability Corp holds 0.01% of its portfolio in AAR Corp. (NYSE:AIR) for 127,660 shares. Moreover, Patten Gru has 0% invested in AAR Corp. (NYSE:AIR) for 850 shares. Fuller And Thaler Asset Management has 0% invested in the company for 5,800 shares. Texas Permanent School Fund has invested 0.01% of its portfolio in AAR Corp. (NYSE:AIR). Creative Planning reported 441 shares or 0% of all its holdings. Teacher Retirement System Of Texas holds 0% or 4,673 shares in its portfolio. Us Savings Bank De has 0% invested in the company for 104 shares. Secor Cap Advsrs L P accumulated 23,319 shares or 0.07% of the stock. Principal Fincl Gru holds 0.01% of its portfolio in AAR Corp. (NYSE:AIR) for 229,858 shares. Vanguard Group accumulated 2.62M shares or 0% of the stock.
Insider Transactions: Since September 26, 2016, the stock had 0 buys, and 3 insider sales for $940,285 net activity. Regan Robert J sold $432,903 worth of stock or 14,002 shares. Shares for $361,723 were sold by Holmes John McClain III on Friday, October 7. On Monday, September 26 the insider PACE PETER sold $145,659.
AAR CORP. is a provider of services and products to the commercial aviation and government and defense markets. The company has a market cap of $1.12 billion. The Firm operates in 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. It has a 26.11 P/E ratio. The Company’s services and products include aviation supply chain and parts support programs; MRO of aircraft and landing gear; design and manufacture of specialized pallets, shelters and containers; expeditionary airlift services; aircraft modifications, and aircraft and engine sales and leasing.
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.
More notable recent AAR Corp. (NYSE:AIR) news were published by: Forbes.com which released: “Ex-Dividend Reminder: CVS Health, Bard and AAR” on October 18, 2016, also Zacks.com with their article: “AAR Corp. Signs a $125M PBH Deal to Boost African Business” published on October 11, 2016, Prnewswire.com published: “AAR Reports First Quarter Fiscal Year 2017 Results” on September 22, 2016. More interesting news about AAR Corp. (NYSE:AIR) were released by: Streetinsider.com and their article: “AAR Corp. (AIR) Wins SAAT Contract Valued Up to $125M” published on October 06, 2016 as well as Zacks.com‘s news article titled: “Why AAR Corp. (AIR) Could Be a Top Value Stock Pick” with publication date: September 29, 2016.
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