Shares of Wesco Aircraft Holdings Inc (NYSE:WAIR) have received an average recommendation of “Hold” from the ten ratings firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $10.08.

A number of research analysts have recently commented on the stock. ValuEngine lowered shares of Wesco Aircraft from a “buy” rating to a “hold” rating in a research report on Tuesday, September 4th. UBS Group assumed coverage on shares of Wesco Aircraft in a research report on Wednesday, August 15th. They set a “sell” rating and a $11.00 price objective for the company.

Shares of WAIR traded up $0.25 during trading hours on Friday, reaching $11.35. 1,098,687 shares of the company traded hands, compared to its average volume of 337,553. The firm has a market capitalization of $1.13 billion, a P/E ratio of 19.24, a P/E/G ratio of 1.20 and a beta of 0.14. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.05 and a current ratio of 3.61. Wesco Aircraft has a 1-year low of $6.05 and a 1-year high of $14.23.

Wesco Aircraft (NYSE:WAIR) last announced its quarterly earnings data on Thursday, August 2nd. The aerospace company reported $0.20 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.20. The business had revenue of $410.36 million during the quarter, compared to analyst estimates of $385.06 million. Wesco Aircraft had a negative net margin of 0.85% and a positive return on equity of 9.82%. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.10 earnings per share. equities analysts forecast that Wesco Aircraft will post 0.79 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp increased its stake in Wesco Aircraft by 767.4% in the second quarter. Bank of New York Mellon Corp now owns 2,061,173 shares of the aerospace company’s stock valued at $23,188,000 after acquiring an additional 1,823,540 shares during the period. Millennium Management LLC increased its stake in Wesco Aircraft by 29.1% in the second quarter. Millennium Management LLC now owns 189,438 shares of the aerospace company’s stock valued at $2,131,000 after acquiring an additional 42,742 shares during the period. Bank of America Corp DE increased its stake in Wesco Aircraft by 14.3% in the second quarter. Bank of America Corp DE now owns 189,669 shares of the aerospace company’s stock valued at $2,134,000 after acquiring an additional 23,745 shares during the period. Huber Capital Management LLC increased its stake in Wesco Aircraft by 410.5% in the second quarter. Huber Capital Management LLC now owns 598,960 shares of the aerospace company’s stock valued at $6,738,000 after acquiring an additional 481,621 shares during the period. Finally, Citadel Advisors LLC increased its stake in Wesco Aircraft by 96.2% in the second quarter. Citadel Advisors LLC now owns 83,623 shares of the aerospace company’s stock valued at $940,000 after acquiring an additional 41,010 shares during the period. 90.48% of the stock is currently owned by institutional investors and hedge funds.

Wesco Aircraft Company Profile

Wesco Aircraft Holdings, Inc distributes aerospace products and provides supply chain management services to the aerospace industry in the North America and internationally. Its services comprise traditional distribution, management of supplier relationships, quality assurance, kitting, just-in-time delivery, chemical management services, third-party logistics or fourth-party logistics programs, and point-of-use inventory management.

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Analyst Recommendations for Wesco Aircraft (NYSE:WAIR)

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