Brokerages Set Wesco Aircraft Holdings, Inc. (WAIR) Target Price at $14.00

Wesco Aircraft Holdings, Inc. (NYSE:WAIR) has been assigned a consensus rating of “Hold” from the ten analysts that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $12.50.

Several equities research analysts have issued reports on WAIR shares. Zacks Investment Research downgraded Wesco Aircraft Holdings from a “hold” rating to a “strong sell” rating in a report on Saturday, July 22nd. BidaskClub downgraded Wesco Aircraft Holdings from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Jefferies Group LLC reaffirmed a “hold” rating and set a $9.00 price target on shares of Wesco Aircraft Holdings in a report on Sunday, July 23rd. Cowen and Company reaffirmed a “hold” rating and set a $9.00 price target on shares of Wesco Aircraft Holdings in a report on Monday, July 17th. Finally, ValuEngine raised Wesco Aircraft Holdings from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th.

Wesco Aircraft Holdings (NYSE:WAIR) traded down 0.52% during trading on Friday, reaching $9.55. 544,725 shares of the company traded hands. The company’s 50-day moving average is $8.69 and its 200 day moving average is $9.96. Wesco Aircraft Holdings has a 12 month low of $6.95 and a 12 month high of $15.77. The company’s market cap is $950.98 million.

Wesco Aircraft Holdings (NYSE:WAIR) last announced its quarterly 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 negative net margin of 12.26% and a positive return on equity of 9.42%. The business had revenue of $363.90 million for the quarter, compared to analyst estimates of $379.32 million. During the same period in the prior year, the business earned $0.29 EPS. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. On average, analysts anticipate that Wesco Aircraft Holdings will post $0.69 earnings per share for the current year.

In other news, major shareholder Makaira Partners Llc bought 20,100 shares of the company’s stock in a transaction dated Thursday, August 31st. The stock was bought at an average price of $8.48 per share, with a total value of $170,448.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas Bancroft bought 369,359 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were purchased at an average cost of $7.79 per share, with a total value of $2,877,306.61. Following the acquisition, the director now directly owns 13,487 shares of the company’s stock, valued at approximately $105,063.73. The disclosure for this purchase can be found here. Insiders have bought 1,068,719 shares of company stock valued at $8,385,130 in the last three months. Insiders own 10.30% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. HighTower Advisors LLC lifted its holdings in shares of Wesco Aircraft Holdings by 1.9% during the first quarter. HighTower Advisors LLC now owns 19,368 shares of the aerospace company’s stock worth $221,000 after buying an additional 368 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Wesco Aircraft Holdings by 1.5% during the second quarter. The Manufacturers Life Insurance Company now owns 45,175 shares of the aerospace company’s stock worth $490,000 after buying an additional 661 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Wesco Aircraft Holdings by 2.4% during the second quarter. Rhumbline Advisers now owns 74,448 shares of the aerospace company’s stock worth $808,000 after buying an additional 1,731 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Wesco Aircraft Holdings by 17.6% during the second quarter. Victory Capital Management Inc. now owns 12,661 shares of the aerospace company’s stock worth $137,000 after buying an additional 1,898 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of Wesco Aircraft Holdings by 0.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 248,053 shares of the aerospace company’s stock worth $2,692,000 after buying an additional 2,141 shares in the last quarter. 93.73% of the stock is owned by institutional investors.

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About Wesco Aircraft Holdings

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 Holdings (NYSE:WAIR)

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