ValuEngine upgraded shares of Wesco Aircraft (NYSE:WAIR) from a buy rating to a strong-buy rating in a report released on Friday, December 1st.
Several other research firms have also recently weighed in on WAIR. Cowen reaffirmed a hold rating on shares of Wesco Aircraft in a report on Wednesday, August 9th. Zacks Investment Research raised Wesco Aircraft from a strong sell rating to a hold rating in a research note on Thursday, October 5th. BidaskClub raised Wesco Aircraft from a buy rating to a strong-buy rating in a research note on Wednesday, September 27th. SunTrust Banks reaffirmed a buy rating and set a $12.00 price objective on shares of Wesco Aircraft in a research note on Monday, October 2nd. Finally, TheStreet cut Wesco Aircraft from a c rating to a d+ rating in a research note on Tuesday, August 8th. Six investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $9.30.
Wesco Aircraft (NYSE:WAIR) opened at $6.75 on Friday. The company has a market capitalization of $686.09, a P/E ratio of 11.90, a P/E/G ratio of 0.87 and a beta of 0.66. Wesco Aircraft has a 12 month low of $6.05 and a 12 month high of $15.55. The company has a quick ratio of 1.11, a current ratio of 3.87 and a debt-to-equity ratio of 1.22.
Wesco Aircraft (NYSE:WAIR) last posted its earnings results on Tuesday, November 28th. The aerospace company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.11). The company had revenue of $361.60 million for the quarter, compared to analysts’ expectations of $363.20 million. Wesco Aircraft had a positive return on equity of 7.37% and a negative net margin of 16.60%. The company’s revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.30 EPS. equities analysts expect that Wesco Aircraft will post 0.66 EPS for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of the business. The Manufacturers Life Insurance Company lifted its holdings in Wesco Aircraft by 1.5% in 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 during the period. Rhumbline Advisers lifted its holdings in shares of Wesco Aircraft by 2.4% during the second quarter. Rhumbline Advisers now owns 74,448 shares of the aerospace company’s stock valued at $808,000 after purchasing an additional 1,731 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Wesco Aircraft by 17.6% during the second quarter. Victory Capital Management Inc. now owns 12,661 shares of the aerospace company’s stock valued at $137,000 after purchasing an additional 1,898 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of Wesco Aircraft by 0.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 248,053 shares of the aerospace company’s stock valued at $2,692,000 after purchasing an additional 2,141 shares during the last quarter. Finally, Teachers Advisors LLC lifted its holdings in shares of Wesco Aircraft by 2.9% during the first quarter. Teachers Advisors LLC now owns 133,157 shares of the aerospace company’s stock valued at $1,518,000 after purchasing an additional 3,706 shares during the last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock.
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Wesco Aircraft 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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