ValuEngine downgraded shares of Wesco Aircraft (NYSE:WAIR) from a hold rating to a sell rating in a research report sent to investors on Saturday, ValuEngine reports.

Several other research firms also recently issued reports on WAIR. UBS Group raised Wesco Aircraft from a sell rating to a neutral rating and upped their target price for the company from $9.75 to $11.05 in a research report on Monday, August 12th. Cowen reissued a hold rating and issued a $11.50 target price on shares of Wesco Aircraft in a research report on Friday, August 9th. Finally, Zacks Investment Research downgraded Wesco Aircraft from a buy rating to a hold rating in a research report on Sunday, July 14th.

NYSE WAIR opened at $10.95 on Friday. The company has a debt-to-equity ratio of 1.05, a current ratio of 3.84 and a quick ratio of 1.20. The stock’s fifty day moving average price is $10.84 and its 200 day moving average price is $9.89. Wesco Aircraft has a 1 year low of $7.38 and a 1 year high of $11.79. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 14.60, a PEG ratio of 1.07 and a beta of 0.44.

Wesco Aircraft (NYSE:WAIR) last released its earnings results on Friday, August 9th. The aerospace company reported $0.23 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.23. Wesco Aircraft had a return on equity of 11.41% and a net margin of 2.38%. The firm had revenue of $442.37 million for the quarter, compared to the consensus estimate of $435.60 million. During the same period in the prior year, the firm earned $0.20 EPS. The firm’s revenue was up 7.8% on a year-over-year basis. Research analysts expect that Wesco Aircraft will post 0.85 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. boosted its holdings in Wesco Aircraft by 6,297.5% in the second quarter. Victory Capital Management Inc. now owns 1,853,302 shares of the aerospace company’s stock valued at $20,572,000 after purchasing an additional 1,824,333 shares during the last quarter. Monarch Partners Asset Management LLC purchased a new stake in Wesco Aircraft in the second quarter valued at $9,612,000. Nuveen Asset Management LLC purchased a new stake in Wesco Aircraft in the second quarter valued at $8,268,000. Marshall Wace LLP purchased a new stake in Wesco Aircraft in the first quarter valued at $4,457,000. Finally, Private Management Group Inc. purchased a new stake in Wesco Aircraft in the first quarter valued at $4,037,000. 86.03% of the stock is currently owned by hedge funds and other institutional investors.

About Wesco Aircraft

Wesco Aircraft Holdings, Inc distributes aerospace products and provides supply chain management services to the aerospace industry in North America and internationally. Its services include distribution, supplier relationships management, quality assurance, kitting, just-in-time delivery, chemical management, third-party logistics or fourth-party logistics program, and point-of-use inventory management.

See Also: Calculating net profit and net profit margin ratio

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Wesco Aircraft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wesco Aircraft and related companies with MarketBeat.com's FREE daily email newsletter.