Wesco Aircraft (NYSE:WAIR) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research note issued on Tuesday.

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 analysts also recently issued reports on the company. ValuEngine raised Wesco Aircraft from a “buy” rating to a “strong-buy” rating in a report on Friday, December 1st. Deutsche Bank raised Wesco Aircraft from a “sell” rating to a “hold” rating and set a $7.50 price target for the company in a report on Thursday, November 30th. Cowen reissued a “hold” rating and issued a $7.00 price target on shares of Wesco Aircraft in a report on Wednesday, November 29th. BidaskClub downgraded Wesco Aircraft from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Finally, SunTrust Banks reissued a “buy” rating and issued a $12.00 price target on shares of Wesco Aircraft in a report on Monday, October 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $9.30.

Wesco Aircraft (NYSE:WAIR) traded up $0.05 during trading on Tuesday, hitting $6.85. The company had a trading volume of 820,200 shares, compared to its average volume of 592,372. The company has a debt-to-equity ratio of 1.22, a current ratio of 3.87 and a quick ratio of 1.11. Wesco Aircraft has a 12-month low of $6.05 and a 12-month high of $15.55. The firm has a market capitalization of $676.15, a P/E ratio of 11.72, a price-to-earnings-growth ratio of 0.86 and a beta of 0.66.

Wesco Aircraft (NYSE:WAIR) last released its earnings results on Tuesday, November 28th. The aerospace company reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.11). Wesco Aircraft had a positive return on equity of 7.37% and a negative net margin of 16.60%. The firm had revenue of $361.60 million for the quarter, compared to analyst estimates of $363.20 million. During the same period last year, the firm earned $0.30 EPS. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. analysts expect that Wesco Aircraft will post 0.66 EPS for the current fiscal year.

In other news, EVP Declan O. Grant purchased 7,170 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The stock was purchased at an average cost of $6.94 per share, for a total transaction of $49,759.80. Following the completion of the transaction, the executive vice president now owns 70,760 shares of the company’s stock, valued at $491,074.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 10.30% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of WAIR. Makaira Partners LLC lifted its stake in shares of Wesco Aircraft by 5.4% in the 3rd quarter. Makaira Partners LLC now owns 10,173,818 shares of the aerospace company’s stock valued at $95,634,000 after purchasing an additional 523,880 shares during the last quarter. Frontier Capital Management Co. LLC lifted its stake in shares of Wesco Aircraft by 9.4% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 6,088,113 shares of the aerospace company’s stock valued at $57,228,000 after purchasing an additional 522,991 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Wesco Aircraft by 0.4% in the 2nd quarter. Vanguard Group Inc. now owns 4,534,638 shares of the aerospace company’s stock valued at $49,201,000 after purchasing an additional 19,114 shares during the last quarter. Cove Street Capital LLC lifted its stake in shares of Wesco Aircraft by 146.6% in the 2nd quarter. Cove Street Capital LLC now owns 4,375,845 shares of the aerospace company’s stock valued at $47,478,000 after purchasing an additional 2,601,134 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Wesco Aircraft by 6.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,328,895 shares of the aerospace company’s stock worth $40,691,000 after acquiring an additional 267,486 shares in the last quarter. Institutional investors own 94.97% of the company’s stock.

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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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