Royal Bank of Canada Reduces $5M in AAR Corp. ($AIR)
Key Points
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Royal Bank of Canada trimmed its position in AAR Corp. ($AIR) by 7.39% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 460,344 shares of AAR Corp. after selling 36,724 shares during the quarter. Royal Bank of Canada's holdings in AAR Corp. were worth $64.78 million as of its most recent filing.
AAR Corp. Stock Up 5.7%
Shares of AAR Corp. ($AIR) traded around $140.73 on Saturday, up 5.7% for the day.
AAR Corp. Earnings
Analysts Set New Price Targets
About AAR Corp.
AAR Corp. provides products and services to commercial aviation, government, and defense markets in North America, Europe, Africa, Asia, and internationally. It operates through four segments: Parts Supply; Repair, Engineering, and Software; Government Solutions; and Legacy Commercial Programs. The company sells and leases used serviceable material and aftermarket distribution of new, and original equipment manufacturers supplied replacement parts. It also provides airframe maintenance, repair, and overhaul (MRO) services, such as airframe inspection, painting services, line maintenance, airframe modifications, structural repairs, avionics service and installation, exterior and interior refurbishment and engineering services, and support for various commercial and military aircraft; component MRO services, including repair and overhaul services, engine and airframe accessories, and interior refurbishment; software solutions comprising cloud-based, mobile, and AI-enabled aviation aftermarket software; develops PMA parts for aftermarket applications; and designs proprietary designated engineering representative repairs. In addition, the company designs, manufactures, and repairs transportation pallets; offers fleet management and operations of customer-owned aircraft; provision of supply chain logistics services, such as material planning, sourcing, logistics, information and program management, and parts and component repair and overhaul services; and engineering, design, and system integration services for specialized command and control systems. Further, it provides asset-heavy flight hour-based component pool and repair programs for commercial airlines and distribution of consumables and expendables inventory. Additionally, it offers containers and shelters for military and humanitarian tactical deployment activities; and shelters, such as stationary and vehicle-mounted applications. AAR Corp. was founded in 1951 and is headquartered in Wood Dale, Illinois.
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