Wesco Aircraft Holdings VP Unloads $403,200 in Stock (WAIR)
Wesco Aircraft Holdings (NASDAQ:WAIR) VP Hal Weinstein sold 20,000 shares of the company’s stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $20.16, for a total transaction of $403,200.00. Following the sale, the vice president now directly owns 245,876 shares of the company’s stock, valued at approximately $4,956,860. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
WAIR has been the subject of a number of recent research reports. Analysts at Robert W. Baird raised their price target on shares of Wesco Aircraft Holdings (NASDAQ:WAIR) from $21.00 to $22.00 in a research note to investors on Friday. They now have a “neutral” rating on the stock. Separately, 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. Finally, 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. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $18.70.
Shares of Wesco Aircraft Holdings (NASDAQ:WAIR) traded up 0.10% on Friday, hitting $20.15. 222,603 shares of the company’s stock traded hands. Wesco Aircraft Holdings has a one year low of $12.04 and a one year high of $21.17. The stock has a 50-day moving average of $20.0 and a 200-day moving average of $17.97. The company has a market cap of $1.897 billion and a price-to-earnings ratio of 18.99.
Wesco Aircraft Holdings (NASDAQ:WAIR) last announced its earnings results on Wednesday, July 31st. The company reported $0.31 EPS for the quarter, meeting the Thomson Reuters 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 prior year, the company posted $0.24 earnings per share. The company’s quarterly revenue 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.