Price Action Alert: Is Buying AAR Corp. Here a Winning Strategy?

Price Action Alert: Is Buying AAR Corp. Here a Winning Strategy?

The stock of AAR Corp. (NYSE:AIR) hit a new 52-week high and has $40.00 target or 4.00% above today’s $38.46 share price. The 7 months bullish chart indicates low risk for the $1.34B company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $40.00 price target is reached, the company will be worth $53.60M 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 23,833 shares traded hands. AAR Corp. (NYSE:AIR) has risen 55.75% since April 20, 2016 and is uptrending. It has outperformed by 51.20% 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 increased to 1.4 in 2016 Q2. Its up 0.42, from 0.98 in 2016Q1. The ratio increased, 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.
Bank & Trust Of Montreal Can has 3,062 shares for 0% of their US portfolio. Moreover, Principal Finance Group Incorporated has 0.01% invested in AAR Corp. (NYSE:AIR) for 229,858 shares. Secor Capital Limited Partnership, a New York-based fund reported 23,319 shares. Ls Invest Limited Liability holds 0% of its portfolio in AAR Corp. (NYSE:AIR) for 1,146 shares. Tower Capital Ltd Liability Corporation (Trc) holds 444 shares or 0% of its portfolio. The Illinois-based Ubs Asset Management Americas has invested 0% in AAR Corp. (NYSE:AIR). Vanguard accumulated 2.62M shares or 0% of the stock. California Pub Employees Retirement Systems holds 0% or 112,900 shares in its portfolio. California State Teachers Retirement Systems last reported 69,325 shares in the company. Ameriprise Incorporated has invested 0% of its portfolio in AAR Corp. (NYSE:AIR). Princeton Alpha Lp reported 11,032 shares or 0.05% of all its holdings. Voya Invest Management Ltd Limited Liability Company has 0% invested in the company for 14,311 shares. Buckhead Capital Mgmt Limited Com reported 230,000 shares or 0.98% of all its holdings. Ridgeworth Cap Mgmt Lc accumulated 0.16% or 793,209 shares. Moreover, Irving Magee Invest Mngmt has 2.22% invested in AAR Corp. (NYSE:AIR) for 194,634 shares.

Insider Transactions: Since September 26, 2016, the stock had 0 insider purchases, and 3 selling transactions for $940,285 net activity. Regan Robert J also sold $432,903 worth of AAR Corp. (NYSE:AIR) on Friday, September 30. Another trade for 11,500 shares valued at $361,723 was sold by Holmes John McClain III. 5,000 shares were sold by PACE PETER, worth $145,659 on Monday, September 26.

More important recent AAR Corp. (NYSE:AIR) news were published by: Zacks.com which released: “AAR Corp and Air New Zealand Sign PBH Partnership Deal” on November 18, 2016, also Blogs.Wsj.com published article titled: “CFO Moves: AAR Corp., FairPoint Communications”, Prnewswire.com published: “AAR CORP. Names New Treasurer” on March 31, 2016. More interesting news about AAR Corp. (NYSE:AIR) was released by: Streetinsider.com and their article: “AAR Corp. (AIR) Wins SAAT Contract Valued Up to $125M” with publication date: October 06, 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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