Wesco Aircraft Holdings, Inc. (NYSE:WAIR) CEO Todd Renehan bought 5,100 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was acquired at an average price of $7.79 per share, for a total transaction of $39,729.00. Following the completion of the purchase, the chief executive officer now directly owns 34,380 shares in the company, valued at $267,820.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Wesco Aircraft Holdings, Inc. (NYSE:WAIR) traded down 1.27% during midday trading on Wednesday, reaching $7.75. The company’s stock had a trading volume of 589,769 shares. The firm’s market cap is $771.74 million. Wesco Aircraft Holdings, Inc. has a 12-month low of $6.95 and a 12-month high of $15.77. The company’s 50-day moving average is $10.21 and its 200 day moving average is $10.93.

Wesco Aircraft Holdings (NYSE:WAIR) last released its earnings results on Tuesday, August 8th. The aerospace company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by $0.12. The business had revenue of $363.90 million for the quarter, compared to the consensus estimate of $379.32 million. Wesco Aircraft Holdings had a negative net margin of 12.26% and a positive return on equity of 9.42%. The company’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.29 EPS. Equities analysts forecast that Wesco Aircraft Holdings, Inc. will post $0.69 earnings per share for the current year.

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WAIR has been the topic of several recent research reports. BidaskClub upgraded Wesco Aircraft Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. ValuEngine upgraded Wesco Aircraft Holdings from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. TheStreet lowered Wesco Aircraft Holdings from a “c” rating to a “d+” rating in a research report on Tuesday, August 8th. Jefferies Group LLC reiterated a “hold” rating and set a $9.00 price objective on shares of Wesco Aircraft Holdings in a research report on Sunday, July 23rd. Finally, Cowen and Company reiterated a “hold” rating and set 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 assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $13.14.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WAIR. Victory Capital Management Inc. acquired a new position in Wesco Aircraft Holdings during the first quarter worth approximately $123,000. Aperio Group LLC acquired a new position in Wesco Aircraft Holdings during the second quarter worth approximately $186,000. HighTower Advisors LLC boosted its position in Wesco Aircraft Holdings by 1.9% in the first quarter. HighTower Advisors LLC now owns 19,368 shares of the aerospace company’s stock worth $221,000 after buying an additional 368 shares in the last quarter. Ramsey Quantitative Systems acquired a new position in Wesco Aircraft Holdings during the second quarter worth approximately $278,000. Finally, Voya Investment Management LLC boosted its position in Wesco Aircraft Holdings by 26.1% in the second quarter. Voya Investment Management LLC now owns 26,009 shares of the aerospace company’s stock worth $282,000 after buying an additional 5,376 shares in the last quarter. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

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.

Insider Buying and Selling by Quarter for Wesco Aircraft Holdings (NYSE:WAIR)

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