Insider Selling: Hal Weinstein Unloads 40,000 Shares of Wesco Aircraft Holdings Stock (WAIR)
Wesco Aircraft Holdings (NASDAQ:WAIR) VP Hal Weinstein unloaded 40,000 shares of the company’s stock on the open market in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $19.82, for a total transaction of $792,800.00. Following the sale, the vice president now directly owns 205,876 shares of the company’s stock, valued at approximately $4,080,462. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Robert W. Baird raised their price target on shares of Wesco Aircraft Holdings from $21.00 to $22.00 in a research note to investors on Friday, October 4th. They now have a “neutral” rating on the stock. Separately, analysts at Zacks downgraded shares of Wesco Aircraft Holdings 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 from $16.00 to $20.00 in a research note to investors on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $18.70.
Shares of Wesco Aircraft Holdings (NASDAQ:WAIR) traded down 0.56% on Wednesday, hitting $19.48. 368,040 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 $20.07 and a 200-day moving average of $18.09. The company has a market cap of $1.834 billion and a price-to-earnings ratio of 18.48.
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 last year, the company posted $0.24 earnings per share. Wesco Aircraft Holdings’s revenue was up 21.6% compared to the same quarter last year. Analysts expect that Wesco Aircraft Holdings will post $1.21 EPS for the current fiscal year.
Wesco Aircraft Holdings, Inc, formerly Wesco Holdings, Inc, a holding company for Wesco Aircraft Hardware Corp.
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