Wesco Aircraft Holdings, Inc. (NYSE:WAIR) Director Thomas Bancroft purchased 248,398 shares of Wesco Aircraft Holdings stock in a transaction that occurred on Tuesday, August 15th. The shares were purchased at an average price of $7.79 per share, for a total transaction of $1,935,020.42. Following the transaction, the director now directly owns 13,487 shares in the company, valued at approximately $105,063.73. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Thomas Bancroft also recently made the following trade(s):

  • On Monday, August 14th, Thomas Bancroft purchased 27,841 shares of Wesco Aircraft Holdings stock. The shares were purchased at an average price of $7.70 per share, for a total transaction of $214,375.70.
  • On Wednesday, August 16th, Thomas Bancroft purchased 369,359 shares of Wesco Aircraft Holdings stock. The shares were purchased at an average price of $7.79 per share, for a total transaction of $2,877,306.61.
  • On Monday, June 5th, Thomas Bancroft purchased 246,510 shares of Wesco Aircraft Holdings stock. The shares were purchased at an average price of $9.83 per share, for a total transaction of $2,423,193.30.
  • On Friday, May 26th, Thomas Bancroft purchased 150,000 shares of Wesco Aircraft Holdings stock. The shares were purchased at an average price of $9.45 per share, for a total transaction of $1,417,500.00.

Wesco Aircraft Holdings, Inc. (WAIR) traded down 1.27% during trading on Wednesday, hitting $7.75. 589,269 shares of the stock traded hands. Wesco Aircraft Holdings, Inc. has a 12 month low of $6.95 and a 12 month high of $15.77. The company has a 50-day moving average price of $10.28 and a 200-day moving average price of $10.95. The stock’s market cap is $771.74 million.

Wesco Aircraft Holdings (NYSE:WAIR) last released its quarterly earnings results on Tuesday, August 8th. The aerospace company reported $0.10 EPS for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.12. Wesco Aircraft Holdings had a positive return on equity of 9.42% and a negative net margin of 12.26%. The company had revenue of $363.90 million during the quarter, compared to analysts’ expectations of $379.32 million. During the same period in the prior year, the firm earned $0.29 EPS. Wesco Aircraft Holdings’s quarterly revenue was down 3.0% on a year-over-year basis. Equities research analysts expect that Wesco Aircraft Holdings, Inc. will post $0.72 EPS for the current year.

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Large investors have recently made changes to their positions in the stock. Victory Capital Management Inc. acquired a new stake in shares of Wesco Aircraft Holdings during the first quarter worth about $123,000. Aperio Group LLC acquired a new stake in shares of Wesco Aircraft Holdings during the second quarter worth about $186,000. HighTower Advisors LLC boosted its stake in shares of Wesco Aircraft Holdings by 1.9% in the first quarter. HighTower Advisors LLC now owns 19,368 shares of the aerospace company’s stock worth $221,000 after buying an additional 368 shares during the period. Ramsey Quantitative Systems acquired a new stake in shares of Wesco Aircraft Holdings during the second quarter worth about $278,000. Finally, Voya Investment Management LLC boosted its stake in shares of Wesco Aircraft Holdings by 26.1% in the second quarter. Voya Investment Management LLC now owns 26,009 shares of the aerospace company’s stock worth $282,000 after buying an additional 5,376 shares during the period. 88.96% of the stock is owned by institutional investors.

WAIR has been the topic of several analyst reports. Citigroup Inc. lowered shares of Wesco Aircraft Holdings from a “buy” rating to a “neutral” rating in a research report on Monday, May 1st. Jefferies Group LLC increased their price target on shares of Wesco Aircraft Holdings from $8.00 to $11.00 and gave the stock an “underperform” rating in a research report on Wednesday, May 10th. Zacks Investment Research lowered shares of Wesco Aircraft Holdings from a “hold” rating to a “strong sell” rating in a research report on Saturday, July 22nd. ValuEngine lowered shares of Wesco Aircraft Holdings from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, BidaskClub upgraded shares of Wesco Aircraft Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $13.14.

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.

Insider Buying and Selling by Quarter for Wesco Aircraft Holdings (NYSE:WAIR)

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