Wesco Aircraft Holdings CEO Unloads $855,388 in Stock (WAIR)
Wesco Aircraft Holdings (NASDAQ:WAIR) CEO Randy Snyder sold 39,202 shares of the company’s stock on the open market in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $21.82, for a total transaction of $855,387.64. Following the sale, the chief executive officer now directly owns 45,000 shares of the company’s stock, valued at approximately $981,900. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Wesco Aircraft Holdings (NASDAQ:WAIR) traded down 1.09% on Thursday, hitting $21.68. 173,788 shares of the company’s stock traded hands. Wesco Aircraft Holdings has a 1-year low of $12.04 and a 1-year high of $22.30. The stock’s 50-day moving average is $20.71 and its 200-day moving average is $19.73. The company has a market cap of $2.066 billion and a P/E ratio of 20.11.
Wesco Aircraft Holdings (NASDAQ:WAIR) last issued its quarterly earnings data on Thursday, November 21st. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.01. The company had revenue of $234.30 million for the quarter, compared to the consensus estimate of $234.01 million. During the same quarter in the previous year, the company posted $0.29 earnings per share. The company’s revenue for the quarter was up 10.4% on a year-over-year basis.
A number of analysts have recently weighed in on WAIR shares. Analysts at RBC Capital reiterated a “sector perform” rating on shares of Wesco Aircraft Holdings in a research note to investors on Friday, November 22nd. They now have a $20.00 price target on the stock, down previously from $21.00. Finally, analysts at Barclays raised their price target on shares of Wesco Aircraft Holdings from $23.00 to $24.00 in a research note to investors on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $19.34.
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.