Systematic Financial Management LP increased its holdings in Wesco Aircraft Holdings Inc (NYSE:WAIR) by 17.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 192,850 shares of the aerospace company’s stock after acquiring an additional 28,545 shares during the quarter. Systematic Financial Management LP’s holdings in Wesco Aircraft were worth $1,427,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Huber Capital Management LLC purchased a new position in Wesco Aircraft in the 3rd quarter worth $154,000. Teacher Retirement System of Texas bought a new stake in Wesco Aircraft in the 4th quarter worth $137,000. Campbell & CO Investment Adviser LLC bought a new stake in Wesco Aircraft in the 3rd quarter worth $242,000. Voya Investment Management LLC grew its holdings in Wesco Aircraft by 26.1% in the 2nd quarter. Voya Investment Management LLC now owns 26,009 shares of the aerospace company’s stock worth $282,000 after acquiring an additional 5,376 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in Wesco Aircraft in the 4th quarter worth $198,000. Institutional investors own 94.94% of the company’s stock.
A number of equities research analysts have issued reports on WAIR shares. Zacks Investment Research lowered shares of Wesco Aircraft from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 19th. Deutsche Bank raised shares of Wesco Aircraft from a “sell” rating to a “hold” rating and set a $7.50 price target on the stock in a report on Thursday, November 30th. Cowen reissued a “hold” rating and issued a $7.00 price target on shares of Wesco Aircraft in a report on Wednesday, November 29th. ValuEngine raised shares of Wesco Aircraft from a “buy” rating to a “strong-buy” rating in a report on Friday, December 1st. Finally, BidaskClub lowered shares of Wesco Aircraft from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Seven analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $9.30.
Wesco Aircraft (NYSE:WAIR) last announced its earnings results on Thursday, February 8th. The aerospace company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). The company had revenue of $363.10 million for the quarter, compared to the consensus estimate of $346.96 million. Wesco Aircraft had a negative net margin of 17.26% and a positive return on equity of 7.42%. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.19 EPS. sell-side analysts forecast that Wesco Aircraft Holdings Inc will post 0.7 earnings per share for the current fiscal year.
In related news, EVP Declan O. Grant bought 7,170 shares of the business’s stock in a transaction dated Monday, December 11th. The shares were purchased at an average price of $6.94 per share, with a total value of $49,759.80. Following the purchase, the executive vice president now owns 70,760 shares of the company’s stock, valued at approximately $491,074.40. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Makaira Partners Llc bought 550,000 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were bought at an average cost of $8.80 per share, for a total transaction of $4,840,000.00. The disclosure for this purchase can be found here. Insiders have bought a total of 816,970 shares of company stock worth $7,155,412 in the last ninety days. Insiders own 11.90% 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.
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