Wesco Aircraft Holdings, Inc. (NYSE:WAIR) Receives Hold Rating from Jefferies Group LLC

Wesco Aircraft Holdings, Inc. (NYSE:WAIR)‘s stock had its “hold” rating reaffirmed by equities research analysts at Jefferies Group LLC in a note issued to investors on Sunday, July 23rd. They currently have a $9.00 target price on the aerospace company’s stock. Jefferies Group LLC’s target price suggests a potential upside of 16.13% from the company’s current price.

Several other analysts have also weighed in on WAIR. BidaskClub upgraded Wesco Aircraft Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. Cowen and Company restated a “hold” rating and set a $9.00 price target on shares of Wesco Aircraft Holdings in a report on Monday, July 17th. Zacks Investment Research upgraded Wesco Aircraft Holdings from a “strong sell” rating to a “hold” rating in a report on Thursday, July 13th. ValuEngine downgraded Wesco Aircraft Holdings from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Citigroup Inc. downgraded Wesco Aircraft Holdings from a “buy” rating to a “neutral” rating in a research report on Monday, May 1st. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $13.14.

Wesco Aircraft Holdings (NYSE:WAIR) remained flat at $7.75 during midday trading on Friday. The company’s stock had a trading volume of 318,664 shares. The firm has a 50-day moving average price of $10.05 and a 200 day moving average price of $10.86. Wesco Aircraft Holdings has a 12 month low of $6.95 and a 12 month high of $15.77. The firm’s market cap is $771.74 million.

Wesco Aircraft Holdings (NYSE:WAIR) last issued its quarterly earnings data on Tuesday, August 8th. The aerospace company reported $0.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by $0.12. The firm had revenue of $363.90 million for the quarter, compared to analysts’ expectations of $379.32 million. Wesco Aircraft Holdings had a positive return on equity of 9.42% and a negative net margin of 12.26%. The firm’s revenue was down 3.0% on a year-over-year basis. During the same period last year, the company earned $0.29 earnings per share. Equities research analysts forecast that Wesco Aircraft Holdings will post $0.69 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Wesco Aircraft Holdings, Inc. (NYSE:WAIR) Receives Hold Rating from Jefferies Group LLC” was reported by BNB Daily and is the sole property of of BNB Daily. If you are viewing this piece on another domain, it was copied illegally and republished in violation of United States & international copyright & trademark law. The correct version of this piece can be accessed at https://www.baseball-news-blog.com/2017/08/19/wesco-aircraft-holdings-inc-nysewair-receives-hold-rating-from-jefferies-group-llc-updated-updated-updated.html.

In other news, Director Thomas Bancroft purchased 248,398 shares of the stock in a transaction dated Tuesday, August 15th. The shares were purchased at an average cost of $7.79 per share, with a total value of $1,935,020.42. Following the completion of the purchase, the director now directly owns 13,487 shares of the company’s stock, valued at approximately $105,063.73. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Todd Renehan purchased 5,100 shares of the stock in a transaction dated Tuesday, August 15th. The stock was purchased at an average cost of $7.79 per share, for a total transaction of $39,729.00. Following the completion of the purchase, the chief executive officer now directly owns 34,380 shares of the company’s stock, valued at $267,820.20. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 1,047,208 shares of company stock worth $8,907,125. 10.30% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the company. State Street Corp increased its position in shares of Wesco Aircraft Holdings by 25.6% in the fourth quarter. State Street Corp now owns 1,475,250 shares of the aerospace company’s stock worth $22,052,000 after buying an additional 300,961 shares during the last quarter. FMR LLC increased its stake in Wesco Aircraft Holdings by 28.4% in the fourth quarter. FMR LLC now owns 191,900 shares of the aerospace company’s stock worth $2,869,000 after buying an additional 42,500 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in Wesco Aircraft Holdings during the fourth quarter worth approximately $1,791,000. Norges Bank acquired a new stake in Wesco Aircraft Holdings during the fourth quarter worth approximately $14,084,000. Finally, Teachers Advisors LLC increased its stake in Wesco Aircraft Holdings by 42.3% in the fourth quarter. Teachers Advisors LLC now owns 129,451 shares of the aerospace company’s stock worth $1,935,000 after buying an additional 38,508 shares in the last quarter. Hedge funds and other institutional investors own 88.96% of the company’s stock.

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.

Analyst Recommendations for Wesco Aircraft Holdings (NYSE:WAIR)

Receive News & Ratings for Wesco Aircraft Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wesco Aircraft Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply