Wesco Aircraft Holdings VP Hal Weinstein Sells 20,000 Shares (WAIR)
Wesco Aircraft Holdings (NASDAQ:WAIR) VP Hal Weinstein unloaded 20,000 shares of the stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $19.42, for a total transaction of $388,400.00. Following the completion of the sale, the vice president now directly owns 185,876 shares in the company, valued at approximately $3,609,712. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Wesco Aircraft Holdings (NASDAQ:WAIR) traded up 2.22% during mid-day trading on Friday, hitting $19.76. 268,342 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’s 50-day moving average is $20.07 and its 200-day moving average is $18.11. The company has a market cap of $1.861 billion and a P/E ratio of 18.24.
Wesco Aircraft Holdings (NASDAQ:WAIR) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.31 earnings per share for the quarter, meeting the analysts’ 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.
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 investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $18.70.
Wesco Aircraft Holdings, Inc, formerly Wesco Holdings, Inc, a holding company for Wesco Aircraft Hardware Corp.
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