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.

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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.

Analyst Recommendations for Wesco Aircraft Holdings (NYSE:WAIR)

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