AAR CORP
In the published model solve dated 2026-Q2, anchored at $133.19, AAR CORP (AIR) is priced for today's economics sustained for ~5.6 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 25, 2026 from SEC EDGAR filings.
• AAR sells and repairs the parts that keep an aging global fleet flying, and the portfolio has been actively reshaped toward the profitable end of that: the Landing Gear Overhaul business was sold, and in fiscal 2026 the company ⟦"completed one acquisition in our Parts Supply segment and three acquisitions in our Repair, Engineering, and Software segment"⟧. • Parts Supply is now the engine of the business, turning third-party sales of $1,487.7 million into $186.2 million of operating income in
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362 institutional managers reported holding AIR in 13F filings for the quarter ended 2026-03-31. 87 opened new positions that quarter. Held by BlackRock, Vanguard Group, State Street, among others. On the short side, 1.3M shares were sold short as of the 2026-06-15 count, about 3% of shares outstanding (3.4 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
AIR's share count grew 9.8% over the past five years even with $97.60M spent on repurchases. It pays no dividend. Cash returned over the past three years: $5.10M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at AIR over the trailing three years. Absence is a fact about the company, not a signal. 18 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
AIR's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-03-22 | +6.8% | -5.1% |
| 2023-09-27 | -1.1% | +12.7% |
| 2023-12-22 | -10.6% | +3.8% |
| 2024-03-22 | -6.5% | +18.6% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
AIR's latest 8-K filings: 2026-07-24 (items 5.02, 9.01); 2026-07-21 (items 2.02, 9.01); 2026-05-12 (items 7.01, 9.01); 2026-05-06 (items 7.01, 9.01); 2026-04-24 (items 7.01, 8.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.