Wesco Aircraft Holdings CEO Randy Snyder Unloads 45,000 Shares (WAIR)
Wesco Aircraft Holdings (NASDAQ:WAIR) CEO Randy Snyder sold 45,000 shares of the stock on the open market in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $21.99, for a total transaction of $989,550.00. Following the completion of the transaction, the chief executive officer now directly owns 45,000 shares in the company, valued at approximately $989,550. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Wesco Aircraft Holdings (NASDAQ:WAIR) traded down 2.52% during mid-day trading on Wednesday, hitting $21.68. 652,163 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 $22.59. The stock has a 50-day moving average of $21.02 and a 200-day moving average of $19.84. The company has a market cap of $2.066 billion and a price-to-earnings ratio of 20.40.
Wesco Aircraft Holdings (NASDAQ:WAIR) last released its 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. Analysts expect that Wesco Aircraft Holdings will post $1.34 EPS for the current fiscal year.
WAIR has been the subject of a number of recent research reports. Analysts at Merrill Lynch upgraded shares of Wesco Aircraft Holdings to a “buy” rating in a research note to investors on Tuesday. Separately, analysts at Bank of America Corp. upgraded shares of Wesco Aircraft Holdings from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday. They now have a $26.00 price target on the stock, up previously from $22.00. Finally, 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. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $19.79.
Wesco Aircraft Holdings, Inc, formerly Wesco Holdings, Inc, a holding company for Wesco Aircraft Hardware Corp.
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