CNA Financial Corp held its stake in shares of Wesco Aircraft Holdings, Inc. (NYSE:WAIR) during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 42,270 shares of the aerospace company’s stock at the end of the second quarter. CNA Financial Corp’s holdings in Wesco Aircraft Holdings were worth $459,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in WAIR. Victory Capital Management Inc. acquired a new position in Wesco Aircraft Holdings in the first quarter valued at approximately $123,000. Aperio Group LLC acquired a new stake in Wesco Aircraft Holdings in the second quarter worth $186,000. HighTower Advisors LLC raised its holdings in 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 purchasing an additional 368 shares during the period. Great West Life Assurance Co. Can raised its holdings in Wesco Aircraft Holdings by 211.6% in the first quarter. Great West Life Assurance Co. Can now owns 26,179 shares of the aerospace company’s stock worth $298,000 after purchasing an additional 17,777 shares during the period. Finally, Oppenheimer & Co. Inc. acquired a new stake in Wesco Aircraft Holdings in the second quarter worth $304,000. Institutional investors and hedge funds own 93.73% of the company’s stock.

In related news, CEO Todd Renehan bought 5,100 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The shares were bought at an average price of $7.79 per share, for a total transaction of $39,729.00. Following the transaction, the chief executive officer now directly owns 34,380 shares of the company’s stock, valued at $267,820.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Makaira Partners Llc bought 20,100 shares of the company’s stock in a transaction that occurred on Thursday, August 31st. The shares were bought at an average price of $8.48 per share, for a total transaction of $170,448.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 1,068,719 shares of company stock worth $8,385,130 in the last quarter. 10.30% of the stock is owned by corporate insiders.

Several equities research analysts have weighed in on the stock. Cowen and Company reiterated a “hold” rating and issued a $9.00 target price on shares of Wesco Aircraft Holdings in a report on Monday, July 17th. Zacks Investment Research upgraded shares of Wesco Aircraft Holdings from a “strong sell” rating to a “hold” rating in a report on Thursday, July 13th. Jefferies Group LLC reiterated a “hold” rating and issued a $9.00 target price on shares of Wesco Aircraft Holdings in a report on Sunday, July 23rd. ValuEngine upgraded shares of Wesco Aircraft Holdings from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Finally, BidaskClub upgraded shares of Wesco Aircraft Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. Wesco Aircraft Holdings presently has a consensus rating of “Hold” and a consensus price target of $13.14.

Wesco Aircraft Holdings, Inc. (WAIR) traded up 1.453% during midday trading on Wednesday, reaching $8.725. 20,045 shares of the company’s stock traded hands. Wesco Aircraft Holdings, Inc. has a 1-year low of $6.95 and a 1-year high of $15.78. The firm’s market cap is $868.83 million. The stock’s 50 day moving average price is $8.91 and its 200 day moving average price is $10.26.

Wesco Aircraft Holdings (NYSE:WAIR) last issued its quarterly earnings results on Tuesday, August 8th. The aerospace company reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.12). Wesco Aircraft Holdings had a positive return on equity of 9.42% and a negative net margin of 12.26%. The firm had revenue of $363.90 million during the quarter, compared to analyst estimates of $379.32 million. During the same quarter last year, the firm posted $0.29 EPS. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis. Equities research analysts anticipate that Wesco Aircraft Holdings, Inc. will post $0.69 EPS for the current year.

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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 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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