Schwab Charles Investment Management Inc. increased its position in shares of Wesco Aircraft Holdings, Inc. (NYSE:WAIR) by 5.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 245,912 shares of the aerospace company’s stock after buying an additional 13,479 shares during the period. Schwab Charles Investment Management Inc. owned 0.25% of Wesco Aircraft Holdings worth $2,804,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in WAIR. Cutter & CO Brokerage Inc. increased its position in Wesco Aircraft Holdings by 16.9% in the first quarter. Cutter & CO Brokerage Inc. now owns 61,675 shares of the aerospace company’s stock valued at $703,000 after buying an additional 8,925 shares during the period. Citadel Advisors LLC bought a new stake in Wesco Aircraft Holdings during the first quarter valued at about $3,721,000. Stoneridge Investment Partners LLC bought a new stake in Wesco Aircraft Holdings during the first quarter valued at about $1,534,000. Quantbot Technologies LP bought a new stake in Wesco Aircraft Holdings during the first quarter valued at about $548,000. Finally, Chartwell Investment Partners LLC boosted its stake in Wesco Aircraft Holdings by 316.9% in the first quarter. Chartwell Investment Partners LLC now owns 224,081 shares of the aerospace company’s stock valued at $2,555,000 after buying an additional 170,338 shares in the last quarter. Institutional investors and hedge funds own 88.96% of the company’s stock.

Shares of Wesco Aircraft Holdings, Inc. (NYSE:WAIR) traded up 0.968% during trading on Monday, hitting $7.825. The stock had a trading volume of 97,759 shares. Wesco Aircraft Holdings, Inc. has a 1-year low of $6.95 and a 1-year high of $15.78. The company’s market capitalization is $779.21 million. The firm has a 50 day moving average of $10.05 and a 200 day moving average of $10.86.

Wesco Aircraft Holdings (NYSE:WAIR) last issued its quarterly earnings data on Tuesday, August 8th. The aerospace company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.22 by $0.12. The company had revenue of $363.90 million during the quarter, compared to analysts’ expectations of $379.32 million. Wesco Aircraft Holdings had a positive return on equity of 9.42% and a negative net margin of 12.26%. The business’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period last year, the company earned $0.29 earnings per share. Analysts expect that Wesco Aircraft Holdings, Inc. will post $0.69 EPS for the current fiscal year.

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Several research firms recently issued reports on WAIR. BidaskClub raised shares of Wesco Aircraft Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. ValuEngine lowered shares of Wesco Aircraft Holdings from a “buy” rating to a “hold” rating in a research note on Thursday. TheStreet lowered shares of Wesco Aircraft Holdings from a “c” rating to a “d+” rating in a research note on Tuesday, August 8th. Jefferies Group LLC set a $9.00 price objective on shares of Wesco Aircraft Holdings and gave the company a “hold” rating in a research note on Friday, June 16th. Finally, Cowen and Company restated a “hold” rating on shares of Wesco Aircraft Holdings in a research note on Wednesday, August 9th. Three analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $13.14.

In other Wesco Aircraft Holdings news, Director Thomas Bancroft purchased 150,000 shares of the firm’s stock in a transaction that occurred on Friday, May 26th. The stock was bought at an average cost of $9.45 per share, with a total value of $1,417,500.00. Following the completion of the transaction, the director now owns 13,487 shares of the company’s stock, valued at approximately $127,452.15. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Todd Renehan purchased 5,100 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were acquired at an average cost of $7.79 per share, with a total value of $39,729.00. Following the completion of the transaction, the chief executive officer now directly owns 34,380 shares of the company’s stock, valued at approximately $267,820.20. The disclosure for this purchase can be found here. Over the last three months, insiders bought 1,047,208 shares of company stock valued at $8,907,125. Company insiders own 10.30% of the company’s stock.

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.

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Institutional Ownership by Quarter for Wesco Aircraft Holdings (NYSE:WAIR)

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