BidaskClub lowered shares of Wesco Aircraft Holdings, Inc. (NYSE:WAIR) from a buy rating to a hold rating in a report published on Friday.

WAIR has been the topic of several other reports. Jefferies Group LLC set a $9.00 price target on Wesco Aircraft Holdings and gave the company a hold rating in a research note on Friday, June 16th. ValuEngine raised Wesco Aircraft Holdings from a hold rating to a buy rating in a research note on Tuesday, July 25th. Cowen and Company reissued a hold rating and issued a $9.00 price target on shares of Wesco Aircraft Holdings in a research note on Monday, July 17th. Zacks Investment Research raised Wesco Aircraft Holdings from a strong sell rating to a hold rating in a research note on Thursday, July 13th. Finally, Citigroup Inc. lowered Wesco Aircraft Holdings from a buy rating to a neutral rating in a research report on Monday, May 1st. Three analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $13.14.

Shares of Wesco Aircraft Holdings (NYSE WAIR) opened at 10.85 on Friday. Wesco Aircraft Holdings has a 12 month low of $7.46 and a 12 month high of $15.77. The firm has a market capitalization of $1.08 billion, a P/E ratio of 13.75 and a beta of 0.69. The company has a 50 day moving average of $10.58 and a 200-day moving average of $11.40.

Wesco Aircraft Holdings (NYSE:WAIR) last issued its quarterly earnings results on Tuesday, May 9th. The aerospace company reported $0.21 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.21. Wesco Aircraft Holdings had a return on equity of 11.03% and a net margin of 5.39%. The firm had revenue of $364.60 million for the quarter, compared to analyst estimates of $367.92 million. During the same period in the previous year, the firm earned $0.29 earnings per share. The company’s revenue was down 3.2% compared to the same quarter last year. Analysts predict that Wesco Aircraft Holdings will post $0.85 EPS for the current year.

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In other news, Director Thomas Bancroft bought 1,000,000 shares of the stock in a transaction dated Tuesday, May 16th. The shares were bought at an average cost of $8.73 per share, with a total value of $8,730,000.00. Following the completion of the transaction, the director now directly owns 13,487 shares of the company’s stock, valued at $117,741.51. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have bought 1,396,510 shares of company stock worth $12,570,693 over the last ninety days. 10.30% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the company. HighTower Advisors LLC increased 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 valued at $221,000 after buying an additional 368 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Wesco Aircraft Holdings by 0.4% in the first quarter. Russell Investments Group Ltd. now owns 467,881 shares of the aerospace company’s stock valued at $5,334,000 after buying an additional 1,948 shares during the period. American International Group Inc. increased its stake in shares of Wesco Aircraft Holdings by 7.0% in the first quarter. American International Group Inc. now owns 34,261 shares of the aerospace company’s stock valued at $391,000 after buying an additional 2,255 shares during the period. Eqis Capital Management Inc. increased its stake in shares of Wesco Aircraft Holdings by 6.1% in the second quarter. Eqis Capital Management Inc. now owns 41,172 shares of the aerospace company’s stock valued at $447,000 after buying an additional 2,350 shares during the period. Finally, Nationwide Fund Advisors increased its stake in shares of Wesco Aircraft Holdings by 7.9% in the first quarter. Nationwide Fund Advisors now owns 50,142 shares of the aerospace company’s stock valued at $572,000 after buying an additional 3,651 shares during the period. 87.77% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Wesco Aircraft Holdings (NYSE:WAIR)

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