Is AAR Corp. (AIR) Stock a Sell after David Storch’s Insider Sale?; Mercantile Bank (MBWM) Shorts Lowered By 0.19%

AAR Corp. (NYSE:AIR) Logo

Mercantile Bank Corporation (NASDAQ:MBWM) had a decrease of 0.19% in short interest. MBWM’s SI was 51,400 shares in April as released by FINRA. Its down 0.19% from 51,500 shares previously. With 39,300 avg volume, 1 days are for Mercantile Bank Corporation (NASDAQ:MBWM)’s short sellers to cover MBWM’s short positions. The SI to Mercantile Bank Corporation’s float is 0.35%. The stock decreased 1.02% or $0.35 during the last trading session, reaching $34. About 34,795 shares traded. Mercantile Bank Corporation (NASDAQ:MBWM) has declined 1.90% since April 12, 2017 and is downtrending. It has underperformed by 13.45% the S&P500.

AAR Corp. (NYSE:AIR) Ratings Coverage

Among 7 analysts covering AAR Corp. (NYSE:AIR), 7 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. AAR Corp. has $51 highest and $25 lowest target. $42.50’s average target is -2.97% below currents $43.8 stock price. AAR Corp. had 22 analyst reports since December 22, 2015 according to SRatingsIntel. The stock has “Buy” rating by Noble Financial on Tuesday, July 18. Seaport Global upgraded the shares of AIR in report on Tuesday, January 16 to “Buy” rating. The stock of AAR Corp. (NYSE:AIR) earned “Buy” rating by Canaccord Genuity on Thursday, February 8. The stock has “Hold” rating by Seaport Global on Tuesday, September 12. Noble Financial maintained the stock with “Buy” rating in Tuesday, January 16 report. On Friday, January 12 the stock rating was upgraded by Credit Suisse to “Buy”. The firm has “Hold” rating given on Wednesday, September 6 by Canaccord Genuity. The rating was maintained by Noble Financial with “Buy” on Thursday, November 2. The company was initiated on Thursday, January 19 by Suntrust Robinson. The rating was maintained by Credit Suisse with “Outperform” on Thursday, March 22.

The stock increased 0.39% or $0.17 during the last trading session, reaching $43.8. About 158,205 shares traded. AAR Corp. (NYSE:AIR) has risen 31.71% since April 12, 2017 and is uptrending. It has outperformed by 20.16% the S&P500.

In a public document that was filled with the SEC, it was exposed that the Chairman & CEO of Aar Corp David Storch, an insider in spotlight, made an open market sale for 48,500 shares of the ‘s company, worth near $2,121,041 USD using an average stock price per share of $43.7 USD. It seems he is very active lately as in the last 30 days, he unloaded additional 50,000 shares of the company, worth $2,201,000 USD. David Storch right now has ownership of 1.27 million shares or 3.73% of Aar Corp’s market cap.

Since January 17, 2018, it had 0 insider buys, and 4 sales for $3.66 million activity. $1.03 million worth of AAR Corp. (NYSE:AIR) was sold by STORCH DAVID P on Wednesday, January 17. $220,374 worth of AAR Corp. (NYSE:AIR) was sold by Anderson Anthony. PACE PETER sold $212,900 worth of AAR Corp. (NYSE:AIR) on Tuesday, April 3.

AAR CORP. provides products and services to commercial aviation, government, and defense markets worldwide. The company has market cap of $1.49 billion. The company's Aviation Services segment offers aftermarket support and services; inventory management and distribution services; and maintenance, repair, and overhaul, as well as engineering services. It has a 62.93 P/E ratio. This segment also sells and leases new, overhauled, and repaired engine and airframe parts and components; and provides inventory and repair programs, warranty claim management, and outsourcing programs for engine and airframe parts and components, as well as performance logistics programs in support of the U.S.

Investors sentiment decreased to 0.89 in 2017 Q4. Its down 0.61, from 1.5 in 2017Q3. It turned negative, as 22 investors sold AAR Corp. 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. Citigroup has invested 0% in AAR Corp. (NYSE:AIR). American Century Companies Incorporated reported 236,924 shares. Grantham Mayo Van Otterloo & Limited Com stated it has 0% of its portfolio in AAR Corp. (NYSE:AIR). Swiss Bancshares invested in 55,700 shares. Prescott Cap Ltd Liability reported 0.52% in AAR Corp. (NYSE:AIR). Paloma Prtn reported 6,260 shares. Teachers Retirement Sys Of The State Of Kentucky reported 10,700 shares. Foundry Prns Limited Liability Corporation holds 382,673 shares. 25,178 are held by Guggenheim Cap. 98,779 are held by Ny State Teachers Retirement Systems. Ameritas Invest Prtnrs holds 0% of its portfolio in AAR Corp. (NYSE:AIR) for 2,738 shares. Hsbc Public Ltd Co holds 0% of its portfolio in AAR Corp. (NYSE:AIR) for 5,714 shares. Washington-based Fisher Asset Mgmt Ltd Limited Liability Company has invested 0.05% in AAR Corp. (NYSE:AIR). Comerica Bancorp has 0.01% invested in AAR Corp. (NYSE:AIR) for 33,230 shares. Scholtz And Communications Limited Liability Company has invested 1.57% in AAR Corp. (NYSE:AIR).

Since October 20, 2017, it had 0 insider purchases, and 3 selling transactions for $851,645 activity. 6,930 shares were sold by SULLIVAN THOMAS R, worth $237,574.

Mercantile Bank Corporation operates as the bank holding firm for Mercantile Bank of Michigan that provides commercial banking services for small- to medium-sized businesses and individuals in the United States. The company has market cap of $564.22 million. It accepts various deposit products, including checking, savings, and term certificate accounts; time deposits; and certificates of deposit, as well as repurchase agreements. It has a 17.91 P/E ratio. The firm also offers commercial and industrial loans; vacant land, land development, and residential construction loans; owner occupied real estate, non-owner occupied real estate, and multi-family and residential rental property loans; single-family residential real estate loans; home equity line of credit programs; and consumer loans, such as loans for new and used automobiles, boats, and credit cards, as well as overdraft protection for its checking account customers.

Mercantile Bank Corporation (NASDAQ:MBWM) Institutional Positions Chart