AAR Corp
About: AAR Corp is engaged in providing products and services to aviation, government, and defense market. It operates in three segments namely Parts Supply, Repair & Engineering, and Integrated Solutions. The parts supply segment majorly consists of sales and leasing of USM and aftermarket distribution of new, OEM-supplied replacement parts. Repair & Engineering segment provides airframe maintenance, component repair, and landing gear overhaul services. Integrated Solutions segment majorly consists of its fleet management and operations of customer-owned aircraft, customized performance-based supply chain logistics programs in support of the U.S. Department of Defense and foreign governments, flight hour component inventory and repair programs for commercial airlines.
Employees: 5,700
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
26% more repeat investments, than reductions
Existing positions increased: 97 | Existing positions reduced: 77
1.86% less ownership
Funds ownership: 97.59% [Q2] → 95.73% (-1.86%) [Q3]
4% less funds holding
Funds holding: 248 [Q2] → 239 (-9) [Q3]
12% less capital invested
Capital invested by funds: $2.5B [Q2] → $2.2B (-$299M) [Q3]
24% less first-time investments, than exits
New positions opened: 28 | Existing positions closed: 37
47% less call options, than puts
Call options by funds: $12M | Put options by funds: $22.8M
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
RBC Capital Ken Herbert 51% 1-year accuracy 35 / 69 met price target | 24%upside $75 | Outperform Reiterated | 4 Nov 2024 |
Benchmark Josh Sullivan 75% 1-year accuracy 42 / 56 met price target | 37%upside $83 | Buy Reiterated | 4 Oct 2024 |
Financial journalist opinion
Based on 6 articles about AIR published over the past 30 days
