Weitz Investment Management Inc. grew its position in shares of Wesco Aircraft Holdings Inc (NYSE:WAIR) by 0.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,000,000 shares of the aerospace company’s stock after purchasing an additional 25,000 shares during the period. Weitz Investment Management Inc.’s holdings in Wesco Aircraft were worth $22,200,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of WAIR. Two Sigma Investments LP purchased a new stake in Wesco Aircraft in the fourth quarter worth approximately $1,968,000. Two Sigma Advisers LP purchased a new stake in shares of Wesco Aircraft in the 4th quarter valued at $161,000. Goldman Sachs Group Inc. boosted its holdings in shares of Wesco Aircraft by 317.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 205,651 shares of the aerospace company’s stock valued at $1,522,000 after acquiring an additional 156,369 shares during the last quarter. Stone Ridge Asset Management LLC purchased a new stake in shares of Wesco Aircraft in the 4th quarter valued at $307,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of Wesco Aircraft in the 4th quarter valued at $1,109,000. Hedge funds and other institutional investors own 89.46% of the company’s stock.
Shares of Wesco Aircraft Holdings Inc (NYSE:WAIR) traded up $0.15 during midday trading on Tuesday, reaching $9.55. 21,873 shares of the company were exchanged, compared to its average volume of 551,931. Wesco Aircraft Holdings Inc has a 12-month low of $6.05 and a 12-month high of $12.53. The stock has a market capitalization of $980.21, a P/E ratio of 18.24, a PEG ratio of 1.17 and a beta of 0.28. The company has a debt-to-equity ratio of 1.21, a current ratio of 3.93 and a quick ratio of 1.06.
WAIR has been the topic of several recent research reports. Zacks Investment Research raised shares of Wesco Aircraft from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a report on Saturday. Deutsche Bank raised shares of Wesco Aircraft from a “sell” rating to a “hold” rating and set a $7.50 price objective on the stock in a report on Thursday, November 30th. Cowen reaffirmed a “hold” rating and issued a $7.00 price objective on shares of Wesco Aircraft in a report on Wednesday, November 29th. Longbow Research started coverage on shares of Wesco Aircraft in a report on Thursday, January 4th. They set a “neutral” rating on the stock. Finally, ValuEngine raised shares of Wesco Aircraft from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Six equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $9.30.
In other news, major shareholder Makaira Partners Llc purchased 250,000 shares of the stock in a transaction that occurred on Wednesday, February 14th. The shares were purchased at an average cost of $8.72 per share, with a total value of $2,180,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have purchased 893,610 shares of company stock worth $7,881,718 over the last three months. 11.90% of the stock is currently owned by insiders.
Wesco Aircraft 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.
Want to see what other hedge funds are holding WAIR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wesco Aircraft Holdings Inc (NYSE:WAIR).
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.