As Aar Corp (AIR) Stock Price Rose, Marcato Capital Management LP Decreased by $3.77 Million Its Holding

April 26, 2018 - By Vivian Currie

AAR Corp. (NYSE:AIR) LogoInvestors sentiment decreased to 0.89 in Q4 2017. Its down 0.61, from 1.5 in 2017Q3. It worsened, as 22 investors sold AIR shares while 58 reduced holdings. 28 funds opened positions while 43 raised stakes. 30.14 million shares or 0.25% more from 30.06 million shares in 2017Q3 were reported. Raymond James & Assocs invested in 8,371 shares. Anchor Advsr Limited Liability Co holds 39,884 shares or 0.06% of its portfolio. 173,913 were reported by Ameriprise Finance Inc. Cwm Llc has invested 0% in AAR Corp. (NYSE:AIR). Thrivent Finance For Lutherans has 0% invested in AAR Corp. (NYSE:AIR). Mason Street Advsrs Ltd Limited Liability Company holds 0.01% or 8,374 shares in its portfolio. Goldman Sachs Gp holds 0% or 107,485 shares in its portfolio. Heartland Advsr invested 0.89% of its portfolio in AAR Corp. (NYSE:AIR). Ameritas Inv Partners accumulated 2,738 shares. 66,000 were accumulated by Chicago Equity Partners Ltd Liability Corporation. Federated Inc Pa stated it has 1,289 shares. Comerica Bancorporation reported 33,230 shares. Brandywine Global Invest Management Limited Liability Corporation has 0.03% invested in AAR Corp. (NYSE:AIR) for 133,976 shares. 15,112 are held by Voya Mngmt Limited Liability Company. 7,110 are held by Victory Capital Mngmt.

Since January 17, 2018, it had 0 insider buys, and 5 insider sales for $5.78 million activity. Shares for $220,374 were sold by Anderson Anthony. PACE PETER had sold 5,000 shares worth $212,900 on Tuesday, April 3.

Richard Mcguire decreased its stake in Aar Corp (AIR) by 6.87% based on its latest 2017Q4 regulatory filing with the SEC. Marcato Capital Management Lp sold 96,658 shares as the company’s stock rose 9.50% while stock markets declined. The hedge fund run by Richard Mcguire held 1.31M shares of the aerospace company at the end of 2017Q4, valued at $51.48M, down from 1.41 million at the end of the previous reported quarter. Marcato Capital Management Lp who had been investing in Aar Corp for a number of months, seems to be less bullish one the $1.51 billion market cap company. The stock increased 0.11% or $0.05 during the last trading session, reaching $44.4. About 17,556 shares traded. AAR Corp. (NYSE:AIR) has risen 31.71% since April 26, 2017 and is uptrending. It has outperformed by 20.16% the S&P500.

Marcato Capital Management Lp, which manages about $3.47B and $1.09 billion US Long portfolio, upped its stake in Rayonier Advanced Matls Inc (NYSE:RYAM) by 1.10M shares to 1.56M shares, valued at $31.83 million in 2017Q4, according to the filing.

Analysts await AAR Corp. (NYSE:AIR) to report earnings on July, 10. They expect $0.69 EPS, up 56.82 % or $0.25 from last year’s $0.44 per share. AIR’s profit will be $23.42M for 16.09 P/E if the $0.69 EPS becomes a reality. After $0.49 actual EPS reported by AAR Corp. for the previous quarter, Wall Street now forecasts 40.82 % EPS growth.

AAR Corp. (NYSE:AIR) Ratings Coverage

Among 5 analysts covering AAR Corp (NYSE:AIR), 5 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. AAR Corp has $51 highest and $42.0 lowest target. $44.33’s average target is -0.16% below currents $44.4 stock price. AAR Corp had 9 analyst reports since November 1, 2017 according to SRatingsIntel. Noble Financial maintained the stock with “Buy” rating in Thursday, November 2 report. The stock of AAR Corp. (NYSE:AIR) earned “Buy” rating by Noble Financial on Tuesday, January 16. As per Friday, December 22, the company rating was maintained by Noble Financial. The stock of AAR Corp. (NYSE:AIR) has “Outperform” rating given on Thursday, March 22 by Credit Suisse. Credit Suisse upgraded AAR Corp. (NYSE:AIR) rating on Friday, January 12. Credit Suisse has “Buy” rating and $49.0 target. SunTrust maintained the shares of AIR in report on Wednesday, November 1 with “Buy” rating. The stock has “Buy” rating by Seaport Global on Tuesday, January 16. Canaccord Genuity maintained the stock with “Hold” rating in Thursday, January 11 report. The firm has “Buy” rating given on Thursday, February 8 by Canaccord Genuity.

AAR Corp. (NYSE:AIR) Institutional Positions Chart

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