Simplex Trading adds AAR Corp. (AIR) to its portfolio

AAR Corp. (AIR) : Simplex Trading added new position in AAR Corp. during the most recent quarter end. The investment management firm now holds 16,198 shares of AAR Corp. which is valued at $509,103 , the company said in a statement filed on Oct 7, 2016 with the SEC.AAR Corp. makes up approximately 0.07% of Simplex Trading’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa reduced its stake in AIR by selling 5,182 shares or 47.69% in the most recent quarter. The Hedge Fund company now holds 5,683 shares of AIR which is valued at $180,094.

AAR Corp. closed down -0.56 points or -1.75% at $31.43 with 3,00,965 shares getting traded on Friday. Post opening the session at $32.05, the shares hit an intraday low of $31.11 and an intraday high of $32.05 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, AAR Corp. reported $0.32 EPS for the quarter, missing the analyst consensus estimate by $ -0.11 based on the information available during the earnings call on Jul 12, 2016. Analyst had a consensus of $0.43. The company had revenue of $458.20 million for the quarter, compared to analysts expectations of $461.53 million. The company’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS.

AAR CORP. is a diversified provider of products and services to the worldwide commercial aviation and government and defense markets. The Company operates in two segments: Aviation Services which provides aftermarket support and services for the commercial aviation and government and defense markets and Technology Products which is involved in the design manufacture and repair of transportation pallets and a range of containers and shelters used in support of military and humanitarian tactical deployment activities. The Company’s products services include aviation supply chain and parts support programs; maintenance repair and overhaul of aircraft and landing gear; design and manufacture of specialized mobility and cargo systems and composite and other precision machined structures; expeditionary airlift services and aircraft modifications and aircraft and engine sales and leasing.

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