Wesco Aircraft Holdings Inc (NYSE:WAIR) CEO Todd Renehan bought 5,100 shares of Wesco Aircraft Holdings stock in a transaction that occurred on Tuesday, August 15th. The shares were acquired at an average price of $7.79 per share, with a total value of $39,729.00. Following the acquisition, the chief executive officer now directly owns 34,380 shares of the company’s stock, valued at approximately $267,820.20. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of Wesco Aircraft Holdings Inc (NYSE:WAIR) remained flat at $7.75 during mid-day trading on Thursday. 534,497 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $10.13 and a 200-day moving average of $10.91. The firm’s market cap is $771.74 million. Wesco Aircraft Holdings Inc has a 12 month low of $6.95 and a 12 month high of $15.77.
Wesco Aircraft Holdings (NYSE:WAIR) last posted its earnings results on Tuesday, August 8th. The aerospace company reported $0.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by $0.12. Wesco Aircraft Holdings had a negative return on equity of 114.84% and a negative net margin of 63.10%. The firm had revenue of $363.90 million during the quarter, compared to the consensus estimate of $379.32 million. During the same quarter in the previous year, the company earned $0.29 EPS. The business’s revenue was down 3.0% compared to the same quarter last year. On average, equities analysts anticipate that Wesco Aircraft Holdings Inc will post $0.69 EPS for the current fiscal year.
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Several hedge funds have recently bought and sold shares of the company. Victory Capital Management Inc. purchased a new stake in Wesco Aircraft Holdings during the first quarter valued at about $123,000. Aperio Group LLC purchased a new stake in Wesco Aircraft Holdings during the second quarter valued at about $186,000. HighTower Advisors LLC raised its stake 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 buying an additional 368 shares during the last quarter. Ramsey Quantitative Systems purchased a new stake in Wesco Aircraft Holdings during the second quarter valued at about $278,000. Finally, Voya Investment Management LLC raised its stake 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 buying an additional 5,376 shares during the last quarter. Hedge funds and other institutional investors own 88.96% of the company’s stock.
Several brokerages recently commented on WAIR. ValuEngine cut shares of Wesco Aircraft Holdings from a “buy” rating to a “hold” rating in a report on Thursday. TheStreet cut shares of Wesco Aircraft Holdings from a “c” rating to a “d+” rating in a report on Tuesday, August 8th. Cowen and Company restated a “hold” rating on shares of Wesco Aircraft Holdings in a report on Wednesday, August 9th. BidaskClub upgraded shares of Wesco Aircraft Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Finally, 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. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. Wesco Aircraft Holdings currently has a consensus rating of “Hold” and an average target price of $13.14.
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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