Wesco Aircraft Holdings, Inc. (NYSE:WAIR)‘s stock had its “hold” rating restated by investment analysts at Jefferies Group LLC in a report issued on Sunday. They currently have a $9.00 price objective on the aerospace company’s stock. Jefferies Group LLC’s price objective indicates a potential downside of 18.18% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. Zacks Investment Research downgraded Wesco Aircraft Holdings from a “hold” rating to a “strong sell” rating in a research report on Saturday. ValuEngine downgraded Wesco Aircraft Holdings from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Citigroup Inc. downgraded Wesco Aircraft Holdings from a “buy” rating to a “neutral” rating in a research report on Monday, May 1st. BidaskClub raised Wesco Aircraft Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Finally, Cowen and Company reaffirmed a “hold” rating and issued a $9.00 price objective on shares of Wesco Aircraft Holdings in a research report on Monday, July 17th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $13.14.

Shares of Wesco Aircraft Holdings (NYSE WAIR) opened at 11.00 on Friday. The stock’s 50 day moving average price is $10.40 and its 200-day moving average price is $11.66. Wesco Aircraft Holdings has a 1-year low of $7.46 and a 1-year high of $15.77. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 13.94 and a beta of 0.69.

Wesco Aircraft Holdings (NYSE:WAIR) last released its earnings results on Tuesday, May 9th. The aerospace company reported $0.21 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.21. The firm had revenue of $364.60 million for the quarter, compared to the consensus estimate of $367.92 million. Wesco Aircraft Holdings had a return on equity of 11.03% and a net margin of 5.39%. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS. On average, equities research analysts forecast that Wesco Aircraft Holdings will post $0.85 earnings per share for the current year.

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In other news, Director Thomas Bancroft bought 150,000 shares of the stock in a transaction on Friday, May 26th. The stock was acquired at an average cost of $9.45 per share, for a total transaction of $1,417,500.00. Following the acquisition, the director now owns 13,487 shares of the company’s stock, valued at $127,452.15. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders acquired a total of 1,396,510 shares of company stock worth $12,570,693 in the last ninety days. 10.30% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of WAIR. HighTower Advisors LLC boosted its stake in shares of Wesco Aircraft Holdings by 1.9% in the first quarter. HighTower Advisors LLC now owns 19,368 shares of the aerospace company’s stock valued at $221,000 after buying an additional 368 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Wesco Aircraft Holdings by 0.4% in the first quarter. Russell Investments Group Ltd. now owns 467,881 shares of the aerospace company’s stock valued at $5,334,000 after buying an additional 1,948 shares in the last quarter. American International Group Inc. boosted its stake in shares of Wesco Aircraft Holdings by 7.0% in the first quarter. American International Group Inc. now owns 34,261 shares of the aerospace company’s stock valued at $391,000 after buying an additional 2,255 shares in the last quarter. Eqis Capital Management Inc. boosted its stake in shares of Wesco Aircraft Holdings by 6.1% in the second quarter. Eqis Capital Management Inc. now owns 41,172 shares of the aerospace company’s stock valued at $447,000 after buying an additional 2,350 shares in the last quarter. Finally, Nationwide Fund Advisors boosted its stake in shares of Wesco Aircraft Holdings by 7.9% in the first quarter. Nationwide Fund Advisors now owns 50,142 shares of the aerospace company’s stock valued at $572,000 after buying an additional 3,651 shares in the last quarter. Institutional investors and hedge funds own 88.08% of the company’s stock.

Wesco Aircraft Holdings Company Profile

Wesco Aircraft Holdings, Inc is a distributor and provider of supply chain management services to the global aerospace industry. The Company operates through two segments: North America and Rest of World. As of September 30, 2016, the Company supplied over 565,000 active stock-keeping units (SKUs), including C-class hardware, chemicals, electronic components, bearings, tools and machined parts.

Analyst Recommendations for Wesco Aircraft Holdings (NYSE:WAIR)

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