Wesco Aircraft Holdings Inc (NYSE:WAIR) was the recipient of a large decline in short interest in the month of September. As of September 30th, there was short interest totalling 789,900 shares, a decline of 15.8% from the August 30th total of 937,600 shares. Currently, 1.2% of the shares of the company are sold short. Based on an average daily volume of 974,000 shares, the short-interest ratio is currently 0.8 days.

A number of research analysts have issued reports on WAIR shares. Zacks Investment Research lowered shares of Wesco Aircraft from a “buy” rating to a “hold” rating in a research note on Thursday, September 19th. ValuEngine lowered shares of Wesco Aircraft from a “hold” rating to a “sell” rating in a research note on Saturday, September 14th. UBS Group raised shares of Wesco Aircraft from a “sell” rating to a “neutral” rating and boosted their target price for the company from $9.75 to $11.05 in a research note on Monday, August 12th. Finally, Cowen reissued a “hold” rating and set a $11.50 target price on shares of Wesco Aircraft in a research note on Friday, August 9th.

Several large investors have recently modified their holdings of WAIR. First Quadrant L P CA acquired a new stake in Wesco Aircraft during the second quarter valued at approximately $38,000. Canton Hathaway LLC acquired a new stake in Wesco Aircraft during the second quarter valued at approximately $102,000. Bank of Montreal Can lifted its stake in Wesco Aircraft by 72.9% during the second quarter. Bank of Montreal Can now owns 10,578 shares of the aerospace company’s stock valued at $117,000 after purchasing an additional 4,459 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Wesco Aircraft by 10.6% during the second quarter. JPMorgan Chase & Co. now owns 14,628 shares of the aerospace company’s stock valued at $154,000 after purchasing an additional 1,406 shares during the last quarter. Finally, Jefferies Group LLC acquired a new stake in Wesco Aircraft during the second quarter valued at approximately $195,000. 86.02% of the stock is owned by institutional investors.

Shares of NYSE:WAIR traded up $0.01 during trading on Tuesday, reaching $11.00. The company had a trading volume of 410,600 shares, compared to its average volume of 714,711. The firm’s fifty day moving average is $10.97 and its 200 day moving average is $10.26. The firm has a market capitalization of $1.10 billion, a PE ratio of 14.67, a price-to-earnings-growth ratio of 0.90 and a beta of 0.43. Wesco Aircraft has a twelve month low of $7.38 and a twelve month high of $11.41. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.20 and a current ratio of 3.84.

Wesco Aircraft (NYSE:WAIR) last issued its quarterly earnings results on Friday, August 9th. The aerospace company reported $0.23 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.23. The company had revenue of $442.37 million during the quarter, compared to analyst estimates of $435.60 million. Wesco Aircraft had a net margin of 2.38% and a return on equity of 11.41%. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.20 EPS. Equities analysts predict that Wesco Aircraft will post 0.85 earnings per share for the current fiscal year.

Wesco Aircraft Company Profile

Wesco Aircraft Holdings, Inc distributes aerospace products and provides supply chain management services to the aerospace industry in North America and internationally. Its services include distribution, supplier relationships management, quality assurance, kitting, just-in-time delivery, chemical management, third-party logistics or fourth-party logistics program, and point-of-use inventory management.

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