Price Change to Note: What’s AAR Corp. Upside After Achieving 52-Week High?

Price Change to Note: What's AAR Corp. Upside After Achieving 52 Week High?

The stock of AAR Corp. (NYSE:AIR) hit a new 52-week high and has $47.42 target or 46.00% above today’s $32.48 share price. The 7 months bullish chart indicates low risk for the $1.11B company. The 1-year high was reported on Nov, 7 by Barchart.com. If the $47.42 price target is reached, the company will be worth $510.60M 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 69,837 shares traded hands. AAR Corp. (NYSE:AIR) has risen 37.16% since April 5, 2016 and is uptrending. It has outperformed by 35.20% 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 worsened, 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.
Blackrock Institutional Trust Na owns 842,134 shares or 0% of their US portfolio. The Quebec – Canada-based Public Sector Pension Board has invested 0.01% in AAR Corp. (NYSE:AIR). State Board Of Administration Of Florida Retirement System holds 0% or 32,313 shares in its portfolio. Suntrust Banks Inc has 0.01% invested in the company for 46,200 shares. Moreover, Trexquant Limited Partnership has 0.12% invested in AAR Corp. (NYSE:AIR) for 37,558 shares. The New York-based Millennium Mgmt Ltd Liability Co has invested 0.01% in AAR Corp. (NYSE:AIR). Tudor Inv Et Al, a Connecticut-based fund reported 20,771 shares. Goldman Sachs Group holds 0% of its portfolio in AAR Corp. (NYSE:AIR) for 29,586 shares. Raymond James & Associate last reported 17,742 shares in the company. Comerica Bank & Trust, a Michigan-based fund reported 81,719 shares. Ameriprise Financial accumulated 0% or 159,211 shares. Moreover, Federated Investors Pa has 0% invested in AAR Corp. (NYSE:AIR) for 2,659 shares. Paloma Prns Mngmt accumulated 14,541 shares or 0% of the stock. California Public Employees Retirement reported 112,900 shares or 0% of all its holdings. The New York-based Springbok Capital Mgmt Limited Liability Company has invested 0.01% in AAR Corp. (NYSE:AIR).

Insider Transactions: Since September 26, 2016, the stock had 0 insider purchases, and 3 sales for $940,285 net activity. The insider Regan Robert J sold 14,002 shares worth $432,903. Holmes John McClain III sold $361,723 worth of AAR Corp. (NYSE:AIR) on Friday, October 7. On Monday, September 26 PACE PETER sold $145,659 worth of the stock or 5,000 shares.

More notable recent AAR Corp. (NYSE:AIR) news were published by: Blogs.Wsj.com which released: “CFO Moves: AAR Corp., FairPoint Communications” on July 14, 2016, also Zacks.com with their article: “AAR Corp. Signs a $125M PBH Deal to Boost African Business” published on October 11, 2016, Reuters.com published: “BRIEF-AAR Corp enters into an amendment no.7 to its credit agreement” on November 02, 2016. More interesting news about AAR Corp. (NYSE:AIR) were released by: Forbes.com and their article: “Ex-Dividend Reminder: CVS Health, Bard and AAR” published on October 18, 2016 as well as Nasdaq.com‘s news article titled: “AAR Corp (AIR) Beats Q1 Earnings and Revenue Estimates” with publication date: September 23, 2016.

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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