Wesco Aircraft Holdings, Inc. (WAIR) Given Consensus Recommendation of “Hold” by Analysts

Wesco Aircraft Holdings, Inc. (NYSE:WAIR) has been given an average recommendation of “Hold” by the twelve research firms that are presently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $13.40.

Several research firms have issued reports on WAIR. TheStreet downgraded Wesco Aircraft Holdings from a “c” rating to a “d+” rating in a research report on Tuesday, August 8th. Cowen and Company restated a “hold” rating on shares of Wesco Aircraft Holdings in a research report on Wednesday, August 9th. ValuEngine downgraded Wesco Aircraft Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th. BidaskClub upgraded Wesco Aircraft Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Finally, Zacks Investment Research upgraded Wesco Aircraft Holdings from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 13th.

Shares of Wesco Aircraft Holdings (WAIR) traded up 1.18% during trading on Wednesday, reaching $8.55. The company’s stock had a trading volume of 795,391 shares. Wesco Aircraft Holdings has a 52-week low of $6.95 and a 52-week high of $15.77. The stock’s market cap is $851.40 million. The stock has a 50-day moving average of $9.18 and a 200-day moving average of $10.35.

Wesco Aircraft Holdings (NYSE:WAIR) last posted its earnings results on Tuesday, August 8th. The aerospace company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by $0.12. The company had revenue of $363.90 million for the quarter, compared to analysts’ expectations of $379.32 million. Wesco Aircraft Holdings had a positive return on equity of 9.42% and a negative net margin of 12.26%. The company’s revenue was down 3.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.29 EPS. Analysts predict that Wesco Aircraft Holdings will post $0.69 earnings per share for the current fiscal year.

In other Wesco Aircraft Holdings news, CEO Todd Renehan acquired 5,100 shares of the stock in a transaction that occurred on Tuesday, August 15th. The shares were bought at an average price of $7.79 per share, for a total transaction of $39,729.00. Following the completion of the transaction, the chief executive officer now owns 34,380 shares of the company’s stock, valued at approximately $267,820.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Richard Weller acquired 4,863 shares of the stock in a transaction that occurred on Tuesday, August 29th. The stock was acquired at an average price of $8.00 per share, for a total transaction of $38,904.00. Following the transaction, the chief financial officer now directly owns 42,901 shares of the company’s stock, valued at approximately $343,208. The disclosure for this purchase can be found here. Insiders purchased 1,068,719 shares of company stock worth $8,385,130 in the last quarter. 10.30% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of the stock. HighTower Advisors LLC raised its position in Wesco Aircraft Holdings by 1.9% during the first quarter. HighTower Advisors LLC now owns 19,368 shares of the aerospace company’s stock valued at $221,000 after purchasing an additional 368 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Wesco Aircraft Holdings by 1.5% during the second quarter. The Manufacturers Life Insurance Company now owns 45,175 shares of the aerospace company’s stock valued at $490,000 after purchasing an additional 661 shares in the last quarter. Rhumbline Advisers raised its position in Wesco Aircraft Holdings by 2.4% during the second quarter. Rhumbline Advisers now owns 74,448 shares of the aerospace company’s stock valued at $808,000 after purchasing an additional 1,731 shares in the last quarter. Victory Capital Management Inc. raised its position in Wesco Aircraft Holdings by 17.6% during the second quarter. Victory Capital Management Inc. now owns 12,661 shares of the aerospace company’s stock valued at $137,000 after purchasing an additional 1,898 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in Wesco Aircraft Holdings by 0.4% during the first quarter. Russell Investments Group Ltd. now owns 467,881 shares of the aerospace company’s stock valued at $5,334,000 after purchasing an additional 1,948 shares in the last quarter. Institutional investors own 93.73% of the company’s stock.

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Wesco Aircraft Holdings Company Profile

Wesco Aircraft Holdings, Inc is a distributor and provider of supply chain management services to the global aerospace industry. The Company operates through two segments: North America and Rest of World. As of September 30, 2016, the Company supplied over 565,000 active stock-keeping units (SKUs), including C-class hardware, chemicals, electronic components, bearings, tools and machined parts.

Analyst Recommendations for Wesco Aircraft Holdings (NYSE:WAIR)

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