Wesco Aircraft Holdings Inc (NYSE:WAIR) has been given a consensus rating of “Hold” by the ten analysts that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $8.88.
Several research analysts recently issued reports on the stock. BidaskClub raised shares of Wesco Aircraft from a “hold” rating to a “buy” rating in a report on Saturday, September 16th. ValuEngine raised shares of Wesco Aircraft from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Deutsche Bank raised shares of Wesco Aircraft from a “sell” rating to a “hold” rating and set a $7.50 price target for the company in a report on Thursday, November 30th. Zacks Investment Research cut shares of Wesco Aircraft from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 19th. Finally, SunTrust Banks reissued a “buy” rating and set a $12.00 price target on shares of Wesco Aircraft in a report on Monday, October 2nd.
Wesco Aircraft (NYSE:WAIR) traded down $0.10 during midday trading on Tuesday, reaching $7.65. 497,279 shares of the company traded hands, compared to its average volume of 391,311. The stock has a market capitalization of $771.31, a PE ratio of -3.19, a P/E/G ratio of 0.99 and a beta of 0.66. Wesco Aircraft has a 52-week low of $6.05 and a 52-week high of $15.55. The company has a quick ratio of 1.11, a current ratio of 3.87 and a debt-to-equity ratio of 1.22.
In related news, EVP Declan O. Grant bought 7,170 shares of the stock in a transaction on Monday, December 11th. The shares were bought at an average cost of $6.94 per share, for a total transaction of $49,759.80. Following the completion of the transaction, 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 Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 11.90% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. Frontier Capital Management Co. LLC grew its position in Wesco Aircraft by 9.4% during the third quarter. Frontier Capital Management Co. LLC now owns 6,088,113 shares of the aerospace company’s stock worth $57,228,000 after buying an additional 522,991 shares during the period. Vanguard Group Inc. grew its position in shares of Wesco Aircraft by 0.4% in the second quarter. Vanguard Group Inc. now owns 4,534,638 shares of the aerospace company’s stock valued at $49,201,000 after purchasing an additional 19,114 shares during the last quarter. Kennedy Capital Management Inc. acquired a new stake in shares of Wesco Aircraft in the second quarter valued at approximately $2,363,000. Migdal Insurance & Financial Holdings Ltd. grew its position in shares of Wesco Aircraft by 42.7% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 78,919 shares of the aerospace company’s stock valued at $837,000 after purchasing an additional 23,617 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of Wesco Aircraft by 79.5% in the second quarter. Northern Trust Corp now owns 1,308,517 shares of the aerospace company’s stock valued at $14,198,000 after purchasing an additional 579,446 shares during the last quarter. Institutional investors own 94.88% of the company’s stock.
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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