Wesco Aircraft Holdings VP Sells $210,500 in Stock (WAIR)
Wesco Aircraft Holdings (NASDAQ:WAIR) VP Alex Murray sold 10,000 shares of Wesco Aircraft Holdings stock on the open market in a transaction dated Thursday, February 13th. The stock was sold at an average price of $21.05, for a total transaction of $210,500.00. Following the sale, the vice president now directly owns 59,185 shares of the company’s stock, valued at approximately $1,245,844. The sale 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) opened at 21.64 on Tuesday. Wesco Aircraft Holdings has a 52 week low of $13.39 and a 52 week high of $22.78. The stock’s 50-day moving average is $21.70 and its 200-day moving average is $20.34. The company has a market cap of $2.075 billion and a P/E ratio of 18.83.
Wesco Aircraft Holdings (NASDAQ:WAIR) last released its earnings data on Wednesday, February 5th. The company reported $0.27 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.32 by $0.05. The company had revenue of $224.70 million for the quarter, compared to the consensus estimate of $232.85 million. During the same quarter last year, the company posted $0.25 earnings per share. Wesco Aircraft Holdings’s revenue was up 6.4% compared to the same quarter last year. On average, analysts predict that Wesco Aircraft Holdings will post $1.34 earnings per share for the current fiscal year.
WAIR has been the subject of a number of recent research reports. Analysts at UBS AG upgraded shares of Wesco Aircraft Holdings from a “sell” rating to a “neutral” rating in a research note on Wednesday, February 5th. They now have a $23.00 price target on the stock, up previously from $17.00. Separately, analysts at Robert W. Baird raised their price target on shares of Wesco Aircraft Holdings from $22.00 to $23.00 in a research note on Monday, February 3rd. Finally, analysts at Bank of America upgraded shares of Wesco Aircraft Holdings to a “buy” rating in a research note on Tuesday, January 7th. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Wesco Aircraft Holdings currently has an average rating of “Hold” and an average target price of $20.52.
Wesco Aircraft Holdings, Inc, formerly Wesco Holdings, Inc, a holding company for Wesco Aircraft Hardware Corp.
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