Shares of Wesco Aircraft Holdings Inc (NYSE:WAIR) have been assigned an average rating of “Hold” from the ten analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $8.88.

A number of equities analysts have issued reports on the company. Zacks Investment Research raised Wesco Aircraft from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Thursday, October 19th. BidaskClub lowered Wesco Aircraft from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 31st. Cowen reaffirmed a “hold” rating and issued a $7.00 target price on shares of Wesco Aircraft in a research report on Wednesday, November 29th. Longbow Research assumed coverage on Wesco Aircraft in a research report on Thursday, January 4th. They issued a “neutral” rating on the stock. Finally, ValuEngine raised Wesco Aircraft from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st.

Shares of Wesco Aircraft (WAIR) traded down $0.23 on Friday, hitting $6.32. The company’s stock had a trading volume of 248,763 shares, compared to its average volume of 399,147. Wesco Aircraft has a one year low of $6.05 and a one year high of $15.20. The firm has a market cap of $701.64, a price-to-earnings ratio of 12.15, a price-to-earnings-growth ratio of 0.95 and a beta of 0.58. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.11 and a current ratio of 3.87.

Wesco Aircraft (NYSE:WAIR) last announced its earnings results on Tuesday, November 28th. The aerospace company reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.11). Wesco Aircraft had a negative net margin of 16.60% and a positive return on equity of 7.37%. The business had revenue of $361.60 million during the quarter, compared to analyst estimates of $363.20 million. During the same period in the previous year, the company earned $0.30 earnings per share. The business’s revenue for the quarter was down 1.1% on a year-over-year basis. analysts anticipate that Wesco Aircraft will post 0.62 earnings per share for the current year.

In other news, EVP Declan O. Grant purchased 7,170 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The shares were acquired at an average cost of $6.94 per share, with a total value of $49,759.80. Following the transaction, the executive vice president now owns 70,760 shares in the company, valued at approximately $491,074.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 11.90% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Frontier Capital Management Co. LLC raised its stake in shares of Wesco Aircraft by 9.4% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 6,088,113 shares of the aerospace company’s stock worth $57,228,000 after purchasing an additional 522,991 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Wesco Aircraft by 0.4% in the 2nd quarter. Vanguard Group Inc. now owns 4,534,638 shares of the aerospace company’s stock valued at $49,201,000 after buying an additional 19,114 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Wesco Aircraft by 42.7% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 78,919 shares of the aerospace company’s stock valued at $837,000 after buying an additional 23,617 shares during the period. Northern Trust Corp increased its stake in shares of Wesco Aircraft by 79.5% in the 2nd quarter. Northern Trust Corp now owns 1,308,517 shares of the aerospace company’s stock valued at $14,198,000 after buying an additional 579,446 shares during the period. Finally, Makaira Partners LLC increased its stake in shares of Wesco Aircraft by 5.4% in the 3rd quarter. Makaira Partners LLC now owns 10,173,818 shares of the aerospace company’s stock valued at $95,634,000 after buying an additional 523,880 shares during the period. Hedge funds and other institutional investors own 93.90% of the company’s stock.

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Wesco Aircraft 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 (NYSE:WAIR)

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