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

A number of other research analysts also recently weighed in on the company. ValuEngine downgraded Wesco Aircraft Holdings from a buy rating to a hold rating in a research note on Thursday, August 17th. TheStreet downgraded Wesco Aircraft Holdings from a c rating to a d+ rating in a research note on Tuesday, August 8th. Cowen and Company restated a hold rating on shares of Wesco Aircraft Holdings in a research note on Wednesday, August 9th. Jefferies Group LLC restated a hold rating and issued a $9.00 price target on shares of Wesco Aircraft Holdings in a research note on Sunday, July 23rd. Finally, Zacks Investment Research downgraded Wesco Aircraft Holdings from a hold rating to a strong sell rating in a research note on Saturday, July 22nd. 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 company presently has a consensus rating of Hold and a consensus price target of $13.14.

Shares of Wesco Aircraft Holdings (NYSE:WAIR) opened at 9.00 on Friday. The firm’s market capitalization is $896.21 million. The company has a 50-day moving average price of $8.60 and a 200 day moving average price of $10.12. Wesco Aircraft Holdings has a 12-month low of $6.95 and a 12-month high of $15.77.

Wesco Aircraft Holdings (NYSE:WAIR) last posted its quarterly earnings results on Tuesday, August 8th. The aerospace company reported $0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.12). The company had revenue of $363.90 million during the quarter, compared to the consensus estimate of $379.32 million. Wesco Aircraft Holdings had a negative net margin of 12.26% and a positive return on equity of 9.42%. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.29 earnings per share. Equities research analysts expect that Wesco Aircraft Holdings will post $0.69 earnings per share for the current fiscal year.

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In other Wesco Aircraft Holdings news, CEO Todd Renehan acquired 5,100 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was bought at an average cost of $7.79 per share, with a total value of $39,729.00. Following the completion of the transaction, the chief executive officer now directly owns 34,380 shares in the company, valued at approximately $267,820.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Thomas Bancroft acquired 369,359 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was acquired at an average cost of $7.79 per share, with a total value of $2,877,306.61. Following the completion of the transaction, the director now owns 13,487 shares of the company’s stock, valued at $105,063.73. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 1,068,719 shares of company stock valued at $8,385,130. Insiders own 10.30% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. HighTower Advisors LLC lifted its position 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 last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Wesco Aircraft Holdings by 1.5% in the second quarter. The Manufacturers Life Insurance Company now owns 45,175 shares of the aerospace company’s stock valued at $490,000 after buying an additional 661 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Wesco Aircraft Holdings by 2.4% in the second quarter. Rhumbline Advisers now owns 74,448 shares of the aerospace company’s stock valued at $808,000 after buying an additional 1,731 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Wesco Aircraft Holdings by 17.6% in the second quarter. Victory Capital Management Inc. now owns 12,661 shares of the aerospace company’s stock valued at $137,000 after buying an additional 1,898 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position 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 last quarter. 93.73% of the stock is 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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