Should You Invest in AAR Corp. (AIR)?

Mairs & Power, an investment advisor, released “Mairs & Power Small Cap Fund” first quarter 2023 investor letter. A copy of the same can be downloaded here. In the first quarter, the fund was up 0.83% compared to a 2.57% return for the S&P Small Cap 600 TR benchmark and the Morningstar U.S. Fund Small Blend’s 3.17% return. In addition, please check the fund’s top five holdings to know its best picks in 2023.

Mairs & Power Small Cap Fund highlighted stocks like AAR Corp. (NYSE:AIR) in the first quarter 2023 investor letter. Headquartered in Wood Dale, Illinois, AAR Corp. (NYSE:AIR) is a products and services provider to commercial aviation, government, and defense markets. On June 13, 2023, AAR Corp. (NYSE:AIR) stock closed at $56.09 per share. One-month return of AAR Corp. (NYSE:AIR) was 6.57%, and its shares gained 30.17% of their value over the last 52 weeks. AAR Corp. (NYSE:AIR) has a market capitalization of $1.947 billion.

Mairs & Power Small Cap Fund made the following comment about AAR Corp. (NYSE:AIR) in its first quarter 2023 investor letter:

“Finally, AAR Corp. (NYSE:AIR) in Industrials, an Illinois-based provider of aviation services, outperformed as the corporate and government travel improved, and with new growth synergy opportunities related to a recent software acquisition.”

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AAR Corp. (NYSE:AIR) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 18 hedge fund portfolios held AAR Corp. (NYSE:AIR) at the end of first quarter 2023 which was 20 in the previous quarter.

We discussed AAR Corp. (NYSE:AIR) in another article and shared the list of best small-cap defense stocks to buy. In addition, please check out our hedge fund investor letters Q1 2023 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.