Wesco Aircraft Holdings, Inc. (WAIR) Downgraded by BidaskClub

BidaskClub downgraded shares of Wesco Aircraft Holdings, Inc. (NYSE:WAIR) from a buy rating to a hold rating in a research report report published on Tuesday.

Several other equities analysts have also weighed in on WAIR. Zacks Investment Research upgraded shares of Wesco Aircraft Holdings from a strong sell rating to a hold rating in a report on Thursday, July 13th. Cowen and Company reiterated a hold rating and issued a $9.00 target price on shares of Wesco Aircraft Holdings in a report on Monday, July 17th. Jefferies Group LLC reiterated a hold rating and issued a $9.00 target price on shares of Wesco Aircraft Holdings in a report on Sunday, July 23rd. ValuEngine upgraded shares of Wesco Aircraft Holdings from a hold rating to a buy rating in a report on Tuesday, July 25th. Finally, TheStreet lowered shares of Wesco Aircraft Holdings from a c rating to a d+ rating in a report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $10.60.

Wesco Aircraft Holdings (NYSE:WAIR) opened at $8.70 on Tuesday. The company has a quick ratio of 1.19, a current ratio of 4.06 and a debt-to-equity ratio of 1.16. The firm has a market cap of $886.26, a PE ratio of 11.13, a price-to-earnings-growth ratio of 1.50 and a beta of 0.74. Wesco Aircraft Holdings has a fifty-two week low of $6.95 and a fifty-two week high of $15.78.

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In related news, CEO Todd Renehan acquired 5,100 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The shares were purchased at an average cost of $7.79 per share, for a total transaction of $39,729.00. Following the acquisition, the chief executive officer now owns 34,380 shares in the company, valued at approximately $267,820.20. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Thomas Bancroft bought 369,359 shares of Wesco Aircraft Holdings stock in a transaction on Wednesday, August 16th. The shares were acquired at an average price of $7.79 per share, for a total transaction of $2,877,306.61. Following the completion of the acquisition, the director now owns 13,487 shares in the company, valued at $105,063.73. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 1,068,719 shares of company stock worth $8,385,130. Company insiders own 10.30% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Makaira Partners LLC lifted its holdings in Wesco Aircraft Holdings by 18.0% during the 2nd quarter. Makaira Partners LLC now owns 9,649,938 shares of the aerospace company’s stock worth $104,702,000 after buying an additional 1,474,630 shares in the last quarter. Frontier Capital Management Co. LLC lifted its holdings in Wesco Aircraft Holdings by 9.4% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 6,088,113 shares of the aerospace company’s stock worth $57,228,000 after buying an additional 522,991 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Wesco Aircraft Holdings by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 4,534,638 shares of the aerospace company’s stock worth $49,201,000 after buying an additional 19,114 shares in the last quarter. Cove Street Capital LLC lifted its holdings in Wesco Aircraft Holdings by 146.6% during the 2nd quarter. Cove Street Capital LLC now owns 4,375,845 shares of the aerospace company’s stock worth $47,478,000 after buying an additional 2,601,134 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Wesco Aircraft Holdings by 13.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,061,409 shares of the aerospace company’s stock worth $44,065,000 after buying an additional 473,010 shares in the last quarter. Institutional investors own 93.63% of the company’s stock.

About Wesco Aircraft Holdings

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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