Wesco Aircraft Holdings, Inc. (NYSE:WAIR) has been given an average rating of “Hold” by the nine ratings firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $8.88.

WAIR has been the subject of several research analyst reports. BidaskClub downgraded Wesco Aircraft from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 31st. Zacks Investment Research raised Wesco Aircraft from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research note on Thursday, October 19th. SunTrust Banks reaffirmed a “buy” rating and set a $12.00 target price on shares of Wesco Aircraft in a research note on Monday, October 2nd. Deutsche Bank raised Wesco Aircraft from a “sell” rating to a “hold” rating and set a $7.50 target price for the company in a research note on Thursday, November 30th. Finally, Cowen reaffirmed a “hold” rating and set a $7.00 target price on shares of Wesco Aircraft in a research note on Wednesday, November 29th.

In other Wesco Aircraft news, EVP Declan O. Grant bought 7,170 shares of Wesco Aircraft stock in a transaction dated Monday, December 11th. The stock was acquired at an average cost of $6.94 per share, with a total value of $49,759.80. Following the purchase, the executive vice president now directly owns 70,760 shares in the company, valued at approximately $491,074.40. The acquisition was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 10.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of WAIR. Teachers Advisors LLC raised its stake in Wesco Aircraft by 2.9% in the 1st quarter. Teachers Advisors LLC now owns 133,157 shares of the aerospace company’s stock valued at $1,518,000 after purchasing an additional 3,706 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in Wesco Aircraft by 5.8% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 245,912 shares of the aerospace company’s stock valued at $2,804,000 after purchasing an additional 13,479 shares during the last quarter. Aperio Group LLC acquired a new position in Wesco Aircraft in the 2nd quarter valued at $186,000. Foundry Partners LLC raised its stake in Wesco Aircraft by 6.9% in the 2nd quarter. Foundry Partners LLC now owns 245,460 shares of the aerospace company’s stock valued at $2,663,000 after purchasing an additional 15,868 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in Wesco Aircraft by 8.3% in the 2nd quarter. First Trust Advisors LP now owns 149,122 shares of the aerospace company’s stock valued at $1,618,000 after purchasing an additional 11,470 shares during the last quarter. 94.97% of the stock is owned by hedge funds and other institutional investors.

Wesco Aircraft (WAIR) remained flat at $$6.80 during trading on Friday. The company had a trading volume of 3,147,816 shares, compared to its average volume of 603,824. The company has a current ratio of 3.87, a quick ratio of 1.11 and a debt-to-equity ratio of 1.22. Wesco Aircraft has a one year low of $6.05 and a one year high of $15.55. The firm has a market cap of $681.74, a PE ratio of 11.81, a price-to-earnings-growth ratio of 0.87 and a beta of 0.66.

Wesco Aircraft (NYSE:WAIR) last announced its earnings results on Tuesday, November 28th. The aerospace company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.11). The business had revenue of $361.60 million for the quarter, compared to analyst estimates of $363.20 million. Wesco Aircraft had a positive return on equity of 7.37% and a negative net margin of 16.60%. The company’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.30 earnings per share. equities analysts expect that Wesco Aircraft will post 0.66 earnings per share for the current year.

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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.

Analyst Recommendations for Wesco Aircraft (NYSE:WAIR)

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