Wesco Aircraft Holdings, Inc. (WAIR) Given Average Rating of “Hold” by Brokerages
Wesco Aircraft Holdings, Inc. (NYSE:WAIR) has received a consensus recommendation of “Hold” from the ten analysts that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $14.00.
A number of equities research analysts have recently weighed in on WAIR shares. Zacks Investment Research downgraded shares of Wesco Aircraft Holdings from a “hold” rating to a “strong sell” rating in a research report on Saturday, July 22nd. BidaskClub cut shares of Wesco Aircraft Holdings from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Jefferies Group LLC reissued a “hold” rating and issued a $9.00 price objective on shares of Wesco Aircraft Holdings in a research note on Sunday, July 23rd. Cowen and Company reissued a “hold” rating and issued a $9.00 price objective on shares of Wesco Aircraft Holdings in a research note on Monday, July 17th. Finally, ValuEngine raised shares of Wesco Aircraft Holdings from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th.
COPYRIGHT VIOLATION WARNING: “Wesco Aircraft Holdings, Inc. (WAIR) Given Average Rating of “Hold” by Brokerages” was published by Watch List News and is the property of of Watch List News. If you are reading this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright laws. The legal version of this piece can be viewed at https://www.watchlistnews.com/wesco-aircraft-holdings-inc-wair-given-average-rating-of-hold-by-brokerages/1601578.html.
Wesco Aircraft Holdings (WAIR) traded up 0.53% during midday trading on Friday, hitting $9.40. The stock had a trading volume of 271,034 shares. The company’s 50 day moving average is $8.60 and its 200 day moving average is $10.12. Wesco Aircraft Holdings has a 1-year low of $6.95 and a 1-year high of $15.77. The company’s market cap is $936.04 million.
Wesco Aircraft Holdings (NYSE:WAIR) last released its quarterly earnings results on Tuesday, August 8th. The aerospace company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $363.90 million during the quarter, compared to analyst estimates of $379.32 million. During the same quarter in the previous year, the firm posted $0.29 earnings per share. The firm’s quarterly revenue was down 3.0% on a year-over-year basis. On average, equities analysts anticipate that Wesco Aircraft Holdings will post $0.69 earnings per share for the current fiscal year.
In related news, major shareholder Makaira Partners Llc bought 20,100 shares of the firm’s stock in a transaction on Thursday, August 31st. The shares were purchased at an average price of $8.48 per share, with a total value of $170,448.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Todd Renehan bought 5,100 shares of the firm’s stock in a transaction on Tuesday, August 15th. The shares were bought 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 disclosure for this purchase can be found here. Insiders purchased 1,068,719 shares of company stock worth $8,385,130 over the last three months. 10.30% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of WAIR. Victory Capital Management Inc. bought a new stake in shares of Wesco Aircraft Holdings during the first quarter worth $123,000. Aperio Group LLC bought a new stake in shares of Wesco Aircraft Holdings during the second quarter worth $186,000. HighTower Advisors LLC grew its stake in shares of Wesco Aircraft Holdings by 1.9% during 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 last quarter. Ramsey Quantitative Systems bought a new stake in shares of Wesco Aircraft Holdings during the second quarter worth $278,000. Finally, Voya Investment Management LLC grew its stake in shares of Wesco Aircraft Holdings by 26.1% during 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 last quarter. 93.73% of the stock is currently owned by hedge funds and other 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.
Receive News & Ratings for Wesco Aircraft Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wesco Aircraft Holdings Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.