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Wesco Aircraft Holdings (NASDAQ:WAIR) VP Hal Weinstein sold 40,000 shares of the stock on the open market in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of $21.12, for a total value of $844,800.00. Following the completion of the transaction, the vice president now directly owns 94,776 shares of the company’s stock, valued at approximately $2,001,669. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

A number of analysts have recently weighed in on WAIR shares. Analysts at JPMorgan Chase & Co. downgraded shares of Wesco Aircraft Holdings from an “overweight” rating to a “neutral” rating in a research note on Monday. They now have a $22.00 price target on the stock, down previously from $24.00. They noted that the move was a valuation call. Separately, analysts at Zacks downgraded shares of Wesco Aircraft Holdings from an “outperform” rating to a “neutral” rating in a research note on Monday, April 14th. They now have a $24.50 price target on the stock. Finally, analysts at Citigroup Inc. raised their price target on shares of Wesco Aircraft Holdings from $26.00 to $28.00 in a research note on Wednesday, April 9th. They now have a “buy” rating on the stock. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Wesco Aircraft Holdings has a consensus rating of “Hold” and an average target price of $22.75.

Shares of Wesco Aircraft Holdings (NASDAQ:WAIR) traded down 2.29% on Tuesday, hitting $20.45. 277,017 shares of the company’s stock traded hands. Wesco Aircraft Holdings has a 52-week low of $15.85 and a 52-week high of $23.10. The stock’s 50-day moving average is $21.76 and its 200-day moving average is $21.02. The company has a market cap of $1.961 billion and a P/E ratio of 18.22.

Wesco Aircraft Holdings (NASDAQ:WAIR) last announced its earnings results on Wednesday, February 5th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.25 earnings per share. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. Analysts expect that Wesco Aircraft Holdings will post $1.36 EPS for the current fiscal year.

Wesco Aircraft Holdings, Inc, formerly Wesco Holdings, Inc, a holding company for Wesco Aircraft Hardware Corp.

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