Insider Selling: Wesco Aircraft Holdings CEO Sells 45,100 Shares of Stock (WAIR)
Wesco Aircraft Holdings (NASDAQ:WAIR) CEO Randy J. Snyder unloaded 45,100 shares of the stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $21.91, for a total value of $988,141.00. Following the transaction, the chief executive officer now directly owns 45,000 shares in the company, valued at approximately $985,950. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Wesco Aircraft Holdings (NASDAQ:WAIR) traded down 2.45% on Wednesday, hitting $21.49. The stock had a trading volume of 236,858 shares. Wesco Aircraft Holdings has a one year low of $13.10 and a one year high of $22.59. The stock’s 50-day moving average is $21.62 and its 200-day moving average is $20.16. The company has a market cap of $2.048 billion and a price-to-earnings ratio of 20.21.
Wesco Aircraft Holdings (NASDAQ:WAIR) last announced its earnings results on Thursday, November 21st. The company reported $0.33 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.29 earnings per share. The company’s quarterly revenue 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.
A number of analysts have recently weighed in on WAIR shares. Analysts at Merrill Lynch upgraded shares of Wesco Aircraft Holdings to a “buy” rating in a research note to investors on Tuesday, January 7th. 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, January 7th. 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 research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average 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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