BidaskClub Lowers Wesco Aircraft Holdings, Inc. (NYSE:WAIR) to Hold

Wesco Aircraft Holdings, Inc. (NYSE:WAIR) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Tuesday, November 7th.

A number of other brokerages have also commented on WAIR. Zacks Investment Research raised shares of Wesco Aircraft Holdings from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research report on Thursday, October 19th. ValuEngine cut shares of Wesco Aircraft Holdings from a “buy” rating to a “hold” rating in a report on Thursday, August 17th. SunTrust Banks, Inc. reissued a “buy” rating and set a $12.00 target price on shares of Wesco Aircraft Holdings in a research report on Monday, October 2nd. Jefferies Group LLC reissued a “hold” rating and issued a $9.00 price target on shares of Wesco Aircraft Holdings in a research report on Sunday, July 23rd. Finally, Cowen and Company reissued a “hold” rating on shares of Wesco Aircraft Holdings in a research report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $10.60.

Wesco Aircraft Holdings (NYSE:WAIR) opened at $8.10 on Tuesday. The firm has a market cap of $806.59, a PE ratio of 10.13, a price-to-earnings-growth ratio of 0.88 and a beta of 0.74. The company has a debt-to-equity ratio of 1.16, a current ratio of 4.06 and a quick ratio of 1.19. Wesco Aircraft Holdings has a 12 month low of $6.95 and a 12 month high of $15.78.

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In other Wesco Aircraft Holdings news, major shareholder Makaira Partners Llc bought 91,711 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The stock was bought at an average price of $7.98 per share, for a total transaction of $731,853.78. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Richard Weller purchased 4,863 shares of Wesco Aircraft Holdings stock in a transaction that occurred on Tuesday, August 29th. The stock was purchased at an average cost of $8.00 per share, for a total transaction of $38,904.00. Following the completion of the purchase, the chief financial officer now owns 42,901 shares of the company’s stock, valued at $343,208. The disclosure for this purchase can be found here. Insiders have bought 233,208 shares of company stock valued at $1,877,161 in the last three months. 10.30% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. HighTower Advisors LLC grew its stake 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 worth $221,000 after acquiring an additional 368 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake 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 worth $490,000 after acquiring an additional 661 shares during the last quarter. Rhumbline Advisers lifted its holdings in 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 acquiring an additional 1,731 shares during the period. Victory Capital Management Inc. lifted its holdings in 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 acquiring an additional 1,898 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its holdings in Wesco Aircraft Holdings by 0.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 248,053 shares of the aerospace company’s stock valued at $2,692,000 after acquiring an additional 2,141 shares during the period. 92.35% of the stock is currently owned by hedge funds and other 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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