Insider Selling: Randy Snyder Sells 30,000 Shares of Wesco Aircraft Holdings Stock (WAIR)
Wesco Aircraft Holdings (NASDAQ:WAIR) CEO Randy Snyder unloaded 30,000 shares of the stock on the open market in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $20.38, for a total transaction of $611,400.00. Following the completion of the transaction, the chief executive officer now directly owns 45,000 shares in the company. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on WAIR. Analysts at Zacks downgraded shares of Wesco Aircraft Holdings (NASDAQ:WAIR) from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, August 9th. They now have a $21.70 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of Wesco Aircraft Holdings (NASDAQ:WAIR) from $16.00 to $20.00 in a research note to investors on Thursday, August 1st. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Wesco Aircraft Holdings (NASDAQ:WAIR) from $20.00 to $22.00 in a research note to investors on Thursday, August 1st.
One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $18.37.
Wesco Aircraft Holdings (NASDAQ:WAIR) traded up 1.52% during mid-day trading on Friday, hitting $20.68. The stock had a trading volume of 188,369 shares. Wesco Aircraft Holdings has a 52-week low of $12.04 and a 52-week high of $20.88. The stock has a 50-day moving average of $19.64 and a 200-day moving average of $17.20. The company has a market cap of $1.947 billion and a price-to-earnings ratio of 19.22.
Wesco Aircraft Holdings (NASDAQ:WAIR) last released its earnings data on Wednesday, July 31st. The company reported $0.31 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.31. The company had revenue of $230.20 million for the quarter, compared to the consensus estimate of $225.98 million. During the same quarter in the previous year, the company posted $0.24 earnings per share. The company’s revenue for the quarter was up 21.6% on a year-over-year basis.
Wesco Aircraft Holdings, Inc, formerly Wesco Holdings, Inc, a holding company for Wesco Aircraft Hardware Corp.
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