Wesco Aircraft (NYSE:WAIR) was upgraded by stock analysts at TheStreet from a “d+” rating to a “c” rating in a research note issued to investors on Monday.
Other research analysts also recently issued reports about the company. Citigroup boosted their target price on Wesco Aircraft from $7.30 to $11.00 and gave the stock a “neutral” rating in a report on Tuesday, April 10th. Zacks Investment Research cut shares of Wesco Aircraft from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 19th. ValuEngine upgraded shares of Wesco Aircraft from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Finally, Longbow Research started coverage on shares of Wesco Aircraft in a research report on Thursday, January 4th. They issued a “neutral” rating for the company. Six equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $9.58.
Shares of WAIR opened at $10.70 on Monday. The company has a market capitalization of $1,034.94, a PE ratio of 18.14, a price-to-earnings-growth ratio of 1.24 and a beta of 0.12. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.06 and a current ratio of 3.93. Wesco Aircraft has a one year low of $6.05 and a one year high of $12.53.
In other news, major shareholder Makaira Partners Llc bought 550,000 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were bought at an average cost of $8.80 per share, with a total value of $4,840,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders bought 893,610 shares of company stock worth $7,881,718. 11.90% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently made changes to their positions in WAIR. Dimensional Fund Advisors LP increased its holdings in shares of Wesco Aircraft by 6.6% during the third quarter. Dimensional Fund Advisors LP now owns 4,328,895 shares of the aerospace company’s stock worth $40,691,000 after purchasing an additional 267,486 shares during the period. Point72 Asset Management L.P. bought a new position in shares of Wesco Aircraft during the third quarter worth approximately $997,000. Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of Wesco Aircraft by 13.9% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 53,400 shares of the aerospace company’s stock worth $502,000 after purchasing an additional 6,500 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in shares of Wesco Aircraft by 6.8% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 261,532 shares of the aerospace company’s stock worth $1,936,000 after purchasing an additional 16,568 shares during the period. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Wesco Aircraft during the 4th quarter worth approximately $198,000. 89.46% of the stock is currently owned by institutional investors.
About Wesco Aircraft
Wesco Aircraft Holdings, Inc distributes aerospace products and provides supply chain management services to the aerospace industry in the North America and internationally. Its services comprise traditional distribution, management of supplier relationships, quality assurance, kitting, just-in-time delivery, chemical management services, third-party logistics or fourth-party logistics programs, and point-of-use inventory management.
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