Janney Montgomery Scott LLC Invests $182,000 in Wesco Aircraft Holdings Inc. (WAIR)
Janney Montgomery Scott LLC purchased a new position in shares of Wesco Aircraft Holdings Inc. (NYSE:WAIR) during the second quarter, according to its most recent disclosure with the SEC. The fund purchased 13,537 shares of the company’s stock, valued at approximately $182,000.
Several other hedge funds have also recently made changes to their positions in WAIR. Teachers Advisors Inc. raised its stake in Wesco Aircraft Holdings by 30.4% in the first quarter. Teachers Advisors Inc. now owns 95,765 shares of the company’s stock worth $1,378,000 after buying an additional 22,303 shares in the last quarter. Rudman Errol M bought a new stake in Wesco Aircraft Holdings during the first quarter worth $1,570,000. Goldman Sachs Group Inc. raised its stake in Wesco Aircraft Holdings by 468.6% in the first quarter. Goldman Sachs Group Inc. now owns 210,092 shares of the company’s stock worth $3,023,000 after buying an additional 173,143 shares in the last quarter. Frontier Capital Management Co. LLC raised its stake in Wesco Aircraft Holdings by 51.7% in the second quarter. Frontier Capital Management Co. LLC now owns 3,376,015 shares of the company’s stock worth $45,306,000 after buying an additional 1,150,687 shares in the last quarter. Finally, Norges Bank bought a new stake in Wesco Aircraft Holdings during the fourth quarter worth $8,133,000. Hedge funds and other institutional investors own 89.27% of the company’s stock.
Wesco Aircraft Holdings Inc. (NYSE:WAIR) traded down 0.46% during trading on Wednesday, hitting $13.11. The company had a trading volume of 324,421 shares. The stock’s market capitalization is $1.29 billion. The firm’s 50 day moving average is $13.66 and its 200-day moving average is $13.92. Wesco Aircraft Holdings Inc. has a 52-week low of $9.91 and a 52-week high of $15.07.
Wesco Aircraft Holdings (NYSE:WAIR) last posted its earnings results on Thursday, August 4th. The company reported $0.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.01. Wesco Aircraft Holdings had a negative net margin of 9.85% and a positive return on equity of 12.72%. The firm earned $375.20 million during the quarter, compared to the consensus estimate of $381.12 million. During the same quarter last year, the firm earned $0.22 EPS. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, equities analysts forecast that Wesco Aircraft Holdings Inc. will post $1.12 earnings per share for the current year.
A number of research firms have weighed in on WAIR. Jefferies Group lowered their target price on Wesco Aircraft Holdings from $12.00 to $11.00 and set an “underperform” rating for the company in a report on Friday, August 5th. Rosenblatt Securities lowered their target price on Wesco Aircraft Holdings from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Tuesday, June 28th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $12.75.
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’s services range from traditional distribution to the management of supplier relationships, quality assurance, kitting, just-in-time (JIT) delivery and point-of-use inventory management.
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