Wesco Aircraft (NYSE:WAIR)‘s stock had its “hold” rating reiterated by equities research analysts at Cowen in a research note issued to investors on Friday, AnalystRatings.com reports. They presently have a $11.50 target price on the aerospace company’s stock. Cowen’s price target would suggest a potential upside of 4.26% from the stock’s current price.

WAIR has been the topic of a number of other research reports. ValuEngine cut shares of Wesco Aircraft from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Zacks Investment Research cut shares of Wesco Aircraft from a “buy” rating to a “hold” rating in a research note on Sunday, July 14th.

Shares of NYSE:WAIR traded up $0.71 during trading on Friday, hitting $11.03. The company’s stock had a trading volume of 3,573,627 shares, compared to its average volume of 364,690. Wesco Aircraft has a 12 month low of $7.38 and a 12 month high of $14.23. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 14.71, a price-to-earnings-growth ratio of 0.97 and a beta of 0.44. The company has a 50-day simple moving average of $10.68. The company has a current ratio of 3.97, a quick ratio of 1.17 and a debt-to-equity ratio of 1.08.

Wesco Aircraft (NYSE:WAIR) last released its earnings results on Thursday, August 8th. The aerospace company reported $0.23 EPS for the quarter, hitting analysts’ consensus estimates of $0.23. Wesco Aircraft had a net margin of 2.22% and a return on equity of 11.22%. The company had revenue of $442.37 million for the quarter, compared to analysts’ expectations of $435.60 million. During the same quarter last year, the business earned $0.20 EPS. The firm’s revenue was up 7.8% compared to the same quarter last year. On average, equities research analysts forecast that Wesco Aircraft will post 0.85 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WAIR. First Quadrant L P CA purchased a new stake in Wesco Aircraft during the 2nd quarter valued at approximately $38,000. Canton Hathaway LLC purchased a new stake in Wesco Aircraft during the 2nd quarter valued at approximately $102,000. BNP Paribas Arbitrage SA grew its holdings in Wesco Aircraft by 191.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 12,564 shares of the aerospace company’s stock valued at $110,000 after buying an additional 8,257 shares in the last quarter. Loews Corp purchased a new stake in Wesco Aircraft during the 1st quarter valued at approximately $126,000. Finally, JPMorgan Chase & Co. grew its holdings in Wesco Aircraft by 10.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 14,628 shares of the aerospace company’s stock valued at $154,000 after buying an additional 1,406 shares in the last quarter. Institutional investors own 87.95% of the company’s stock.

About Wesco Aircraft

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

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