AAR Corp. (NYSE:AIR) Short Interest Update

AAR Corp. (NYSE:AIR) saw 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. Based on an average daily volume of 346,800 shares, the short-interest ratio is currently 2.8 days. Approximately 2.8% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

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

Insider Transactions at AAR

In related news, CEO John Mcclain Holmes III sold 29,250 shares of the stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $60.21, for a total value of $1,761,142.50. Following the transaction, the chief executive officer now owns 303,621 shares in the company, valued at $18,281,020.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 transaction of $465,896.24. Following the transaction, the chief accounting officer now directly owns 28,165 shares in the company, valued at $1,784,816.05. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO John Mcclain Holmes III sold 29,250 shares of the company’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $60.21, for a total value of $1,761,142.50. Following the sale, the chief executive officer now owns 303,621 shares of the company’s stock, valued at approximately $18,281,020.41. The disclosure for this sale can be found here. Insiders sold 64,747 shares of company stock valued at $3,858,323 in the last three months. Corporate insiders own 4.30% of the company’s stock.

Institutional Trading of AAR

A number of institutional investors have recently bought and sold shares of AIR. Hennion & Walsh Asset Management Inc. bought a new position in shares of AAR in the 1st quarter worth $338,000. New England Research & Management Inc. boosted its holdings in AAR by 59.2% during the first quarter. New England Research & Management Inc. now owns 27,300 shares of the aerospace company’s stock worth $1,634,000 after buying an additional 10,150 shares during the last quarter. Campbell Capital Management Inc. acquired a new position in shares of AAR during the 1st quarter worth about $1,796,000. Quadrature Capital Ltd increased its stake in shares of AAR by 77.3% in the 4th quarter. Quadrature Capital Ltd now owns 29,982 shares of the aerospace company’s stock valued at $1,870,000 after acquiring an additional 13,075 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of AAR by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 3,761,632 shares of the aerospace company’s stock valued at $234,726,000 after acquiring an additional 44,948 shares during the period. Institutional investors and hedge funds own 90.74% of the company’s stock.

AAR Price Performance

AAR stock opened at $61.86 on Thursday. AAR has a 52 week low of $50.06 and a 52 week high of $73.95. The firm has a market cap of $2.19 billion, a P/E ratio of 36.39 and a beta of 1.67. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.33 and a current ratio of 2.90. The business’s fifty day moving average is $63.38 and its two-hundred day moving average is $63.04.

AAR (NYSE:AIR) last posted its quarterly earnings data on Thursday, March 21st. The aerospace company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.01. AAR had a net margin of 2.73% and a return on equity of 10.17%. Equities research analysts forecast that AAR will post 3.3 earnings per share for the current fiscal year.

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.