Invictus RG bought a new stake in Wesco Aircraft Holdings Inc (NYSE:WAIR) in the third quarter, Holdings Channel reports. The fund bought 20,752 shares of the aerospace company’s stock, valued at approximately $233,000.
A number of other large investors have also bought and sold shares of the business. BlackRock Inc. grew its stake in Wesco Aircraft by 5.4% in the third quarter. BlackRock Inc. now owns 7,449,396 shares of the aerospace company’s stock valued at $83,805,000 after acquiring an additional 380,154 shares during the period. Frontier Capital Management Co. LLC grew its stake in Wesco Aircraft by 8.1% in the third quarter. Frontier Capital Management Co. LLC now owns 6,279,335 shares of the aerospace company’s stock valued at $70,643,000 after acquiring an additional 468,271 shares during the period. Dimensional Fund Advisors LP grew its stake in Wesco Aircraft by 2.4% in the third quarter. Dimensional Fund Advisors LP now owns 5,825,490 shares of the aerospace company’s stock valued at $65,536,000 after acquiring an additional 137,073 shares during the period. FMR LLC grew its stake in Wesco Aircraft by 45.7% in the third quarter. FMR LLC now owns 4,525,800 shares of the aerospace company’s stock valued at $50,916,000 after acquiring an additional 1,418,500 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Wesco Aircraft by 81.3% in the third quarter. Bank of New York Mellon Corp now owns 3,737,177 shares of the aerospace company’s stock valued at $42,043,000 after purchasing an additional 1,676,004 shares in the last quarter. 90.65% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have recently commented on WAIR. UBS Group began coverage on Wesco Aircraft in a report on Wednesday, August 15th. They issued a “sell” rating and a $11.00 price target on the stock. ValuEngine lowered Wesco Aircraft from a “buy” rating to a “hold” rating in a report on Tuesday, September 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $10.25.
Shares of Wesco Aircraft stock opened at $8.94 on Friday. The stock has a market capitalization of $901.00 million, a PE ratio of 12.07, a PEG ratio of 0.91 and a beta of 0.25. Wesco Aircraft Holdings Inc has a one year low of $6.15 and a one year high of $14.23. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.15 and a current ratio of 4.08.
Wesco Aircraft (NYSE:WAIR) last issued its quarterly earnings results on Thursday, November 15th. The aerospace company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.03). The firm had revenue of $406.82 million during the quarter, compared to the consensus estimate of $392.77 million. Wesco Aircraft had a net margin of 2.08% and a return on equity of 11.11%. Analysts predict that Wesco Aircraft Holdings Inc will post 0.83 earnings per share for the current fiscal year.
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Wesco Aircraft Profile
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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