Shares of Wesco Aircraft Holdings Inc (NYSE:WAIR) have been given a consensus rating of “Hold” by the seven brokerages that are presently covering the stock. Three analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $14.75.
Several research firms have recently commented on WAIR. Jefferies Group LLC set a $12.00 target price on Wesco Aircraft Holdings and gave the company a “sell” rating in a report on Saturday, November 19th. Zacks Investment Research upgraded Wesco Aircraft Holdings from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Wednesday, November 23rd. SunTrust Banks, Inc. initiated coverage on Wesco Aircraft Holdings in a research report on Thursday, January 19th. They set a “buy” rating and a $18.00 price objective for the company. Finally, Deutsche Bank AG boosted their price objective on Wesco Aircraft Holdings from $11.00 to $12.00 and gave the stock a “sell” rating in a research report on Monday, December 5th.
Wesco Aircraft Holdings (NYSE:WAIR) opened at 12.60 on Tuesday. Wesco Aircraft Holdings has a one year low of $11.25 and a one year high of $15.77. The firm has a market capitalization of $1.25 billion, a P/E ratio of 14.84 and a beta of 0.93. The firm has a 50-day moving average price of $14.85 and a 200-day moving average price of $14.05.
Wesco Aircraft Holdings (NYSE:WAIR) last posted its earnings results on Tuesday, February 7th. The company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by $0.06. The company had revenue of $339.40 million for the quarter, compared to the consensus estimate of $358.57 million. Wesco Aircraft Holdings had a net margin of 5.76% and a return on equity of 12.02%. The firm’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same period last year, the company posted $0.25 earnings per share. Equities analysts anticipate that Wesco Aircraft Holdings will post $1.13 earnings per share for the current year.
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In other news, COO Alex Murray sold 37,072 shares of the stock in a transaction on Friday, December 9th. The stock was sold at an average price of $15.41, for a total transaction of $571,279.52. Following the completion of the sale, the chief operating officer now owns 142,459 shares in the company, valued at approximately $2,195,293.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Lisa F. Hess sold 124,895 shares of the stock in a transaction on Monday, December 19th. The shares were sold at an average price of $15.04, for a total value of $1,878,420.80. The disclosure for this sale can be found here. Corporate insiders own 10.30% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. Aperio Group LLC increased its stake in shares of Wesco Aircraft Holdings by 9.2% in the third quarter. Aperio Group LLC now owns 13,125 shares of the company’s stock worth $176,000 after buying an additional 1,105 shares during the period. Cornercap Investment Counsel Inc. bought a new stake in shares of Wesco Aircraft Holdings during the fourth quarter worth approximately $233,000. Eqis Capital Management Inc. increased its stake in shares of Wesco Aircraft Holdings by 2.7% in the third quarter. Eqis Capital Management Inc. now owns 30,534 shares of the company’s stock worth $410,000 after buying an additional 803 shares during the period. Oxford Asset Management bought a new stake in shares of Wesco Aircraft Holdings during the fourth quarter worth approximately $544,000. Finally, Virginia Retirement Systems ET AL increased its stake in shares of Wesco Aircraft Holdings by 9.1% in the third quarter. Virginia Retirement Systems ET AL now owns 40,900 shares of the company’s stock worth $549,000 after buying an additional 3,400 shares during the period. Institutional investors own 89.36% of the company’s stock.
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.
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