Shares of Wesco Aircraft Holdings Inc (NYSE:WAIR) have been given an average recommendation of “Hold” by the ten analysts that are presently covering the firm, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $8.88.
Several equities analysts recently issued reports on the stock. Cowen reiterated a “hold” rating and issued a $7.00 target price on shares of Wesco Aircraft in a research note on Wednesday, November 29th. BidaskClub cut shares of Wesco Aircraft from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Zacks Investment Research cut shares of Wesco Aircraft from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 19th. Longbow Research assumed coverage on shares of Wesco Aircraft in a research note on Thursday, January 4th. They issued a “neutral” rating for the company. Finally, ValuEngine upgraded shares of Wesco Aircraft from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st.
Shares of Wesco Aircraft (WAIR) traded up $0.40 during midday trading on Wednesday, reaching $9.10. 555,506 shares of the company’s stock traded hands, compared to its average volume of 536,949. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.06 and a current ratio of 3.93. Wesco Aircraft has a twelve month low of $6.05 and a twelve month high of $12.53. The firm has a market cap of $880.69, a PE ratio of -3.58, a price-to-earnings-growth ratio of 1.05 and a beta of 0.58.
In related news, EVP Declan O. Grant purchased 7,170 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The stock was bought at an average price of $6.94 per share, with a total value of $49,759.80. Following the acquisition, the executive vice president now owns 70,760 shares in the company, valued at $491,074.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Makaira Partners Llc purchased 550,000 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was bought at an average cost of $8.80 per share, with a total value of $4,840,000.00. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 816,970 shares of company stock valued at $7,155,412. Company insiders own 11.90% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of WAIR. MetLife Investment Advisors LLC purchased a new stake in Wesco Aircraft in the 4th quarter worth $106,000. Teacher Retirement System of Texas purchased a new stake in Wesco Aircraft in the 4th quarter worth $137,000. Metropolitan Life Insurance Co. NY purchased a new stake in Wesco Aircraft in the 4th quarter worth $138,000. Huber Capital Management LLC purchased a new stake in Wesco Aircraft in the 3rd quarter worth $154,000. Finally, Two Sigma Advisers LP purchased a new stake in Wesco Aircraft in the 4th quarter worth $161,000. 94.94% of the stock is owned by institutional investors.
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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.
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