Thomas Bancroft Purchases 61,746 Shares of Wesco Aircraft Holdings, Inc. (WAIR) Stock

Wesco Aircraft Holdings, Inc. (NYSE:WAIR) Director Thomas Bancroft bought 61,746 shares of the stock in a transaction on Monday, August 21st. The stock was acquired at an average price of $7.78 per share, with a total value of $480,383.88. Following the completion of the acquisition, the director now owns 13,487 shares of the company’s stock, valued at approximately $104,928.86. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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Thomas Bancroft also recently made the following trade(s):

On Tuesday, August 15th, Thomas Bancroft bought 248,398 shares of Wesco Aircraft Holdings stock. The stock was acquired at an average price of $7.79 per share, with a total value of $1,935,020.42.
On Monday, August 14th, Thomas Bancroft bought 27,841 shares of Wesco Aircraft Holdings stock. The stock was acquired at an average price of $7.70 per share, with a total value of $214,375.70.
On Wednesday, August 16th, Thomas Bancroft bought 369,359 shares of Wesco Aircraft Holdings stock. The stock was acquired at an average price of $7.79 per share, with a total value of $2,877,306.61.
On Monday, June 5th, Thomas Bancroft bought 246,510 shares of Wesco Aircraft Holdings stock. The stock was acquired at an average price of $9.83 per share, with a total value of $2,423,193.30.
On Friday, May 26th, Thomas Bancroft bought 150,000 shares of Wesco Aircraft Holdings stock. The stock was acquired at an average price of $9.45 per share, with a total value of $1,417,500.00.

Shares of Wesco Aircraft Holdings, Inc. (NYSE:WAIR) opened at 8.15 on Wednesday. The company’s market cap is $811.57 million. The stock’s 50 day moving average price is $9.96 and its 200 day moving average price is $10.74. 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 announced its earnings results on Tuesday, August 8th. The aerospace company reported $0.10 earnings per share (EPS) for the quarter, missing the 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 the consensus estimate of $379.32 million. During the same period in the prior year, the company posted $0.29 EPS. The firm’s revenue was down 3.0% on a year-over-year basis. On average, analysts forecast that Wesco Aircraft Holdings, Inc. will post $0.69 EPS for the current year.

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Several hedge funds and other institutional investors have recently made changes to their positions in the company. HighTower Advisors LLC raised its position in shares of 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 in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Wesco Aircraft Holdings by 1.5% in the second quarter. The Manufacturers Life Insurance Company now owns 45,175 shares of the aerospace company’s stock valued at $490,000 after buying an additional 661 shares in the last quarter. Rhumbline Advisers raised its position in shares of Wesco Aircraft Holdings by 2.4% in the second quarter. Rhumbline Advisers now owns 74,448 shares of the aerospace company’s stock valued at $808,000 after buying an additional 1,731 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of 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 buying an additional 1,898 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of Wesco Aircraft Holdings by 0.4% in the first quarter. Russell Investments Group Ltd. now owns 467,881 shares of the aerospace company’s stock valued at $5,334,000 after buying an additional 1,948 shares in the last quarter. 88.96% of the stock is owned by hedge funds and other institutional investors.

WAIR has been the subject of a number of research analyst reports. ValuEngine upgraded Wesco Aircraft Holdings from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. BidaskClub upgraded Wesco Aircraft Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. TheStreet downgraded Wesco Aircraft Holdings from a “c” rating to a “d+” rating in a report on Tuesday, August 8th. Jefferies Group LLC set a $9.00 price objective on Wesco Aircraft Holdings and gave the company a “hold” rating in a report on Friday, June 16th. Finally, Cowen and Company restated a “hold” rating and set a $9.00 price objective on shares of Wesco Aircraft Holdings in a report on Monday, July 17th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average 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.