Insider Buying: Wesco Aircraft Holdings, Inc. (WAIR) EVP Acquires 7,170 Shares of Stock
Wesco Aircraft Holdings, Inc. (NYSE:WAIR) EVP Declan O. Grant purchased 7,170 shares of the stock in a transaction on Monday, December 11th. The stock was acquired at an average price of $6.94 per share, with a total value of $49,759.80. Following the completion of the acquisition, the executive vice president now directly owns 70,760 shares of the company’s stock, valued at $491,074.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Wesco Aircraft Holdings, Inc. (WAIR) traded up $0.05 during midday trading on Wednesday, reaching $6.80. The company had a trading volume of 1,276,874 shares, compared to its average volume of 583,205. Wesco Aircraft Holdings, Inc. has a 1 year low of $6.05 and a 1 year high of $15.55. The company has a quick ratio of 1.11, a current ratio of 3.87 and a debt-to-equity ratio of 1.22. The firm has a market capitalization of $686.09, a PE ratio of 11.90, a PEG ratio of 0.87 and a beta of 0.66.
Wesco Aircraft (NYSE:WAIR) last issued its quarterly earnings results on Tuesday, November 28th. The aerospace company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.11). Wesco Aircraft had a negative net margin of 16.60% and a positive return on equity of 7.37%. The company had revenue of $361.60 million for the quarter, compared to analyst estimates of $363.20 million. During the same period last year, the company posted $0.30 earnings per share. The business’s revenue for the quarter was down 1.1% on a year-over-year basis. sell-side analysts forecast that Wesco Aircraft Holdings, Inc. will post 0.66 earnings per share for the current fiscal year.
A number of research analysts recently issued reports on WAIR shares. Zacks Investment Research downgraded Wesco Aircraft from a “hold” rating to a “strong sell” rating in a report on Thursday, October 12th. BidaskClub downgraded Wesco Aircraft from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Cowen reiterated a “hold” rating and set a $7.00 price objective on shares of Wesco Aircraft in a report on Wednesday, November 29th. Deutsche Bank upgraded Wesco Aircraft from a “sell” rating to a “hold” rating and set a $7.50 price objective for the company in a report on Thursday, November 30th. Finally, ValuEngine downgraded Wesco Aircraft from a “buy” rating to a “hold” rating in a report on Thursday, August 17th. Six analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Wesco Aircraft presently has a consensus rating of “Hold” and a consensus target price of $9.30.
About Wesco Aircraft
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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