Wesco Aircraft Holdings, Inc. (NYSE:WAIR) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued on Thursday.

According to Zacks, “Wesco Aircraft Holdings, Inc. distributes and provides supply chain management services to the global aerospace industry. It offers inventory of aerospace parts, including hardware, bearings, tools, electronic components and machined parts. The Company’s services range from traditional distribution to the management of supplier relationships, quality assurance, kitting, just-in-time delivery and point-of-use inventory management. Wesco Aircraft Holdings, Inc. is headquartered in Valencia, California. “

A number of other research firms have also recently issued reports on WAIR. BidaskClub upgraded shares of Wesco Aircraft Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. ValuEngine cut shares of Wesco Aircraft Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, August 17th. TheStreet cut shares of Wesco Aircraft Holdings from a “c” rating to a “d+” rating in a research note on Tuesday, August 8th. Jefferies Group LLC set a $9.00 target price on shares of Wesco Aircraft Holdings and gave the company a “hold” rating in a research note on Friday, June 16th. Finally, Cowen and Company reiterated a “hold” rating on shares of Wesco Aircraft Holdings in a research note on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $11.80.

Wesco Aircraft Holdings (NYSE WAIR) traded up 1.57% during trading on Thursday, reaching $9.70. 490,872 shares of the company’s stock were exchanged. Wesco Aircraft Holdings has a 52 week low of $6.95 and a 52 week high of $15.77. The stock’s market capitalization is $965.92 million. The company’s 50 day moving average price is $8.69 and its 200-day moving average price is $9.96.

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

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In other news, major shareholder Makaira Partners Llc acquired 20,100 shares of Wesco Aircraft Holdings stock in a transaction dated Thursday, August 31st. The stock was acquired at an average cost of $8.48 per share, for a total transaction of $170,448.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Richard Weller acquired 8,000 shares of Wesco Aircraft Holdings stock in a transaction dated Wednesday, August 30th. The stock was purchased at an average price of $8.05 per share, with a total value of $64,400.00. Following the completion of the purchase, the insider now directly owns 42,901 shares of the company’s stock, valued at approximately $345,353.05. The disclosure for this purchase can be found here. Insiders acquired 1,068,719 shares of company stock valued at $8,385,130 over the last quarter. Corporate insiders own 10.30% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Kennedy Capital Management Inc. acquired a new stake in shares of Wesco Aircraft Holdings in the second quarter worth $2,363,000. Citadel Advisors LLC acquired a new stake in shares of Wesco Aircraft Holdings in the first quarter worth $3,721,000. Oppenheimer Asset Management Inc. lifted its stake in shares of Wesco Aircraft Holdings by 158.9% in the second quarter. Oppenheimer Asset Management Inc. now owns 139,243 shares of the aerospace company’s stock worth $1,511,000 after buying an additional 85,461 shares during the last quarter. Chartwell Investment Partners LLC lifted its stake in shares of Wesco Aircraft Holdings by 316.9% in the first quarter. Chartwell Investment Partners LLC now owns 224,081 shares of the aerospace company’s stock worth $2,555,000 after buying an additional 170,338 shares during the last quarter. Finally, Menta Capital LLC acquired a new stake in shares of Wesco Aircraft Holdings in the first quarter worth $1,256,000. Institutional investors and hedge funds own 93.73% of the company’s stock.

About Wesco Aircraft Holdings

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.

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Analyst Recommendations for Wesco Aircraft Holdings (NYSE:WAIR)

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