Is AAR Corp. (AIR)’s Fuel Running High? The Stock Formed Wedge Up

July 14, 2018 - By Adrian Erickson

AAR Corp. (NYSE:AIR) Logo

Investors sentiment increased to 1.39 in 2018 Q1. Its up 0.50, from 0.89 in 2017Q4. It increased, as 16 investors sold AAR Corp. shares while 43 reduced holdings. 29 funds opened positions while 53 raised stakes. 30.52 million shares or 1.25% more from 30.14 million shares in 2017Q4 were reported.
Schwab Charles Invest Mngmt accumulated 334,625 shares. The Ohio-based Strs Ohio has invested 0% in AAR Corp. (NYSE:AIR). 101,786 are owned by Adage Prtn Group Limited Liability Corp. Texas Permanent School Fund has 0.01% invested in AAR Corp. (NYSE:AIR). Switzerland-based Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% in AAR Corp. (NYSE:AIR). Arizona State Retirement Systems invested 0.02% of its portfolio in AAR Corp. (NYSE:AIR). Teacher Retirement System Of Texas accumulated 7,288 shares. Invesco Ltd, a Georgia-based fund reported 161,850 shares. Mason Street Limited Liability Corporation reported 0.01% in AAR Corp. (NYSE:AIR). Northern Tru owns 1.27 million shares. Geode Capital Management Limited Liability Corporation, Massachusetts-based fund reported 281,823 shares. Ameriprise Incorporated holds 0% or 169,783 shares in its portfolio. Chicago Equity Prns Lc holds 0.09% in AAR Corp. (NYSE:AIR) or 65,520 shares. Piedmont Advsr Ltd Com accumulated 6,903 shares or 0.01% of the stock. Raymond James & Assoc invested 0% of its portfolio in AAR Corp. (NYSE:AIR).

Since January 17, 2018, it had 0 insider buys, and 5 selling transactions for $5.78 million activity. $2.20 million worth of AAR Corp. (NYSE:AIR) was sold by STORCH DAVID P. 5,000 shares were sold by Anderson Anthony, worth $220,374 on Tuesday, March 27.

The stock of AAR Corp. (AIR) formed an up wedge with $49.29 target or 8.00 % above today’s $45.64 share price. The 9 months wedge indicates low risk for the $1.55 billion company. If the $49.29 price target is reached, the company will be worth $123.92M more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock increased 4.56% or $1.99 during the last trading session, reaching $45.64. About 346,150 shares traded or 69.45% up from the average. AAR Corp. (NYSE:AIR) has risen 29.22% since July 14, 2017 and is uptrending. It has outperformed by 16.65% the S&P500.

AAR Corp. (NYSE:AIR) Ratings Coverage

Among 4 analysts covering AAR (NYSE:AIR), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. AAR had 4 analyst reports since January 16, 2018 according to SRatingsIntel. Canaccord Genuity upgraded the stock to “Buy” rating in Thursday, February 8 report. The firm earned “Buy” rating on Tuesday, January 16 by Seaport Global. The firm earned “Outperform” rating on Thursday, March 22 by Credit Suisse. The firm has “Buy” rating given on Tuesday, January 16 by Noble Financial.

More recent AAR Corp. (NYSE:AIR) news were published by: Streetinsider.com which released: “Lufthansa, Ryanair dispute over planes for Austrian carrier Laudamotion” on July 13, 2018. Also Seekingalpha.com published the news titled: “AAR Corp. discloses DoJ probe of several military contracts” on July 12, 2018. Seekingalpha.com‘s news article titled: “AAR Corporation (AIR) CEO John Holmes on Q4 2018 Results – Earnings Call Transcript” with publication date: July 11, 2018 was also an interesting one.

AAR CORP. provides products and services to commercial aviation, government, and defense markets worldwide. The company has market cap of $1.55 billion. The companyÂ’s Aviation Services segment offers aftermarket support and services; inventory management and distribution services; and maintenance, repair, and overhaul, as well as engineering services. It has a 65.57 P/E ratio. This segment also sells and leases new, overhauled, and repaired engine and airframe parts and components; and provides inventory and repair programs, warranty claim management, and outsourcing programs for engine and airframe parts and components, as well as performance logistics programs in support of the U.S.

AAR Corp. (NYSE:AIR) Institutional Positions Chart

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