Wesco Aircraft Holdings, Inc. (WAIR) Downgraded to Hold at BidaskClub
BidaskClub cut shares of Wesco Aircraft Holdings, Inc. (NYSE:WAIR) from a buy rating to a hold rating in a research note released on Tuesday morning.
A number of other equities research analysts have also weighed in 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 report on Thursday, October 19th. SunTrust Banks, Inc. reissued a buy rating and set a $12.00 price objective on shares of Wesco Aircraft Holdings in a report on Monday, October 2nd. ValuEngine lowered shares of Wesco Aircraft Holdings from a buy rating to a hold rating in a report on Thursday, August 17th. TheStreet lowered shares of Wesco Aircraft Holdings from a c rating to a d+ rating in a report on Tuesday, August 8th. Finally, Cowen and Company reissued a hold rating on shares of Wesco Aircraft Holdings in a report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. Wesco Aircraft Holdings presently has an average rating of Hold and a consensus price target of $10.60.
Wesco Aircraft Holdings (NYSE WAIR) opened at $8.78 on Tuesday. The stock has a market capitalization of $876.30, a price-to-earnings ratio of 11.31, a PEG ratio of 1.60 and a beta of 0.74. The company has a current ratio of 4.06, a quick ratio of 1.19 and a debt-to-equity ratio of 1.16. Wesco Aircraft Holdings has a 12-month low of $6.95 and a 12-month high of $15.77.
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In other Wesco Aircraft Holdings news, CFO Richard Weller purchased 4,863 shares of the stock in a transaction on Tuesday, August 29th. The shares were bought at an average cost of $8.00 per share, with a total value of $38,904.00. Following the completion of the acquisition, the chief financial officer now owns 42,901 shares in the company, valued at $343,208. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas Bancroft purchased 369,359 shares of the stock in a transaction on Wednesday, August 16th. The stock was acquired at an average cost of $7.79 per share, for a total transaction of $2,877,306.61. Following the completion of the acquisition, the director now owns 13,487 shares of the company’s stock, valued at approximately $105,063.73. The disclosure for this purchase can be found here. Insiders have bought 1,068,719 shares of company stock worth $8,385,130 over the last three months. Corporate insiders own 10.30% of the company’s stock.
Large investors have recently bought and sold shares of the business. Victory Capital Management Inc. boosted 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 purchasing an additional 1,898 shares during the last quarter. Aperio Group LLC purchased a new stake in Wesco Aircraft Holdings in the second quarter valued at $186,000. HighTower Advisors LLC boosted 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 valued at $221,000 after purchasing an additional 368 shares during the last quarter. Ramsey Quantitative Systems purchased a new stake in Wesco Aircraft Holdings in the second quarter valued at $278,000. Finally, Voya Investment Management LLC boosted its holdings in Wesco Aircraft Holdings by 26.1% in the second quarter. Voya Investment Management LLC now owns 26,009 shares of the aerospace company’s stock valued at $282,000 after purchasing an additional 5,376 shares during the last quarter. 93.63% of the stock is currently owned by institutional investors.
About Wesco Aircraft Holdings
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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