Zacks Investment Research upgraded shares of Wesco Aircraft Holdings Inc. (NYSE:WAIR) from a hold rating to a buy rating in a research report released on Wednesday. Zacks Investment Research currently has $16.00 target price on the stock.

According to Zacks, “Wesco Aircraft Holdings, Inc. distributes and provides supply chain management services to the global aerospace industry. It offers inventory of aerospace parts, including hardware, bearings, tools, electronic components and machined parts. The Company’s services range from traditional distribution to the management of supplier relationships, quality assurance, kitting, just-in-time delivery and point-of-use inventory management. Wesco Aircraft Holdings, Inc. is headquartered in Valencia, California. “

Several other brokerages have also commented on WAIR. Jefferies Group set a $12.00 target price on shares of Wesco Aircraft Holdings and gave the stock a sell rating in a research report on Saturday, November 19th. KeyCorp restated a hold rating on shares of Wesco Aircraft Holdings in a research report on Wednesday, September 28th. Finally, Rosenblatt Securities upgraded shares of Wesco Aircraft Holdings from a neutral rating to a buy rating and set a $17.00 target price on the stock in a research report on Friday, October 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. Wesco Aircraft Holdings currently has an average rating of Hold and a consensus target price of $15.00.

Shares of Wesco Aircraft Holdings (NYSE:WAIR) opened at 14.75 on Wednesday. The company’s 50-day moving average is $13.30 and its 200 day moving average is $13.61. The firm has a market capitalization of $1.45 billion, a PE ratio of 15.86 and a beta of 0.80. Wesco Aircraft Holdings has a 52-week low of $9.91 and a 52-week high of $15.07.

Wesco Aircraft Holdings (NYSE:WAIR) last posted its quarterly earnings data on Thursday, November 17th. The company reported $0.30 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.30. Wesco Aircraft Holdings had a net margin of 6.19% and a return on equity of 13.00%. The firm had revenue of $365.60 million for the quarter. During the same quarter last year, the business earned $0.27 earnings per share. The business’s quarterly revenue was down 1.1% on a year-over-year basis. Equities analysts expect that Wesco Aircraft Holdings will post $1.12 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in WAIR. Panagora Asset Management Inc. increased its position in shares of Wesco Aircraft Holdings by 162.0% in the third quarter. Panagora Asset Management Inc. now owns 96,956 shares of the company’s stock valued at $1,302,000 after buying an additional 59,946 shares during the last quarter. D. E. Shaw & Co. Inc. increased its position in shares of Wesco Aircraft Holdings by 33.8% in the third quarter. D. E. Shaw & Co. Inc. now owns 163,760 shares of the company’s stock valued at $2,199,000 after buying an additional 41,388 shares during the last quarter. Gotham Asset Management LLC purchased a new position in shares of Wesco Aircraft Holdings during the third quarter valued at $934,000. The Manufacturers Life Insurance Company purchased a new position in shares of Wesco Aircraft Holdings during the third quarter valued at $531,000. Finally, Irving Magee Investment Management increased its position in shares of Wesco Aircraft Holdings by 24.1% in the third quarter. Irving Magee Investment Management now owns 371,750 shares of the company’s stock valued at $4,993,000 after buying an additional 72,082 shares during the last quarter. 89.25% of the stock is owned by hedge funds and other institutional investors.

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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’s services range from traditional distribution to the management of supplier relationships, quality assurance, kitting, just-in-time (JIT) delivery and point-of-use inventory management.

5 Day Chart for NYSE:WAIR

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