Insider Selling: Wesco Aircraft Holdings CEO Sells 25,000 Shares of Stock (WAIR)
Wesco Aircraft Holdings (NASDAQ:WAIR) CEO Randy Snyder sold 25,000 shares of the company’s stock on the open market in a transaction dated Thursday, January 9th. The stock was sold at an average price of $21.79, for a total value of $544,750.00. Following the sale, the chief executive officer now directly owns 45,000 shares in the company, valued at approximately $980,550. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Wesco Aircraft Holdings (NASDAQ:WAIR) last posted 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.
Several analysts have recently commented on the stock. 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 analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $19.97.
Wesco Aircraft Holdings, Inc, formerly Wesco Holdings, Inc, a holding company for Wesco Aircraft Hardware Corp.
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