Wesco Aircraft Holdings, Inc. (WAIR) CEO Buys $39,729.00 in Stock
Wesco Aircraft Holdings, Inc. (NYSE:WAIR) CEO Todd Renehan bought 5,100 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were acquired at an average cost of $7.79 per share, for a total transaction of $39,729.00. Following the purchase, the chief executive officer now owns 34,380 shares of the company’s stock, valued at approximately $267,820.20. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Wesco Aircraft Holdings, Inc. (NYSE WAIR) traded down 1.27% during mid-day trading on Wednesday, hitting $7.75. The company had a trading volume of 589,769 shares. The firm has a 50-day moving average price of $10.21 and a 200 day moving average price of $10.93. The firm’s market capitalization is $771.74 million. Wesco Aircraft Holdings, Inc. has a 52-week low of $6.95 and a 52-week high of $15.77.
Wesco Aircraft Holdings (NYSE:WAIR) last posted its earnings results on Tuesday, August 8th. The aerospace company reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by $0.12. Wesco Aircraft Holdings had a negative net margin of 12.26% and a positive return on equity of 9.42%. The company had revenue of $363.90 million during the quarter, compared to analyst estimates of $379.32 million. During the same quarter last year, the business posted $0.29 EPS. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis. Analysts expect that Wesco Aircraft Holdings, Inc. will post $0.69 earnings per share for the current year.
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Hedge funds have recently bought and sold shares of the stock. Victory Capital Management Inc. bought a new stake in Wesco Aircraft Holdings during the first quarter valued at $123,000. Aperio Group LLC bought a new stake in Wesco Aircraft Holdings during the second quarter valued at $186,000. HighTower Advisors LLC increased its stake in 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. Ramsey Quantitative Systems bought a new stake in Wesco Aircraft Holdings during the second quarter valued at $278,000. Finally, Voya Investment Management LLC increased its stake in 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 valued at $282,000 after buying an additional 5,376 shares during the period. Hedge funds and other institutional investors own 88.96% of the company’s stock.
A number of analysts recently issued reports on the company. TheStreet lowered Wesco Aircraft Holdings from a “c” rating to a “d+” rating in a report on Tuesday, August 8th. Cowen and Company reiterated a “hold” rating on shares of Wesco Aircraft Holdings in a report on Wednesday, August 9th. BidaskClub upgraded Wesco Aircraft Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Zacks Investment Research upgraded Wesco Aircraft Holdings from a “strong sell” rating to a “hold” rating in a report on Thursday, July 13th. Finally, ValuEngine upgraded Wesco Aircraft Holdings from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $13.14.
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.
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