Bank of America Corp DE raised its holdings in shares of Wesco Aircraft Holdings Inc (NYSE:WAIR) by 14.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 189,669 shares of the aerospace company’s stock after acquiring an additional 23,745 shares during the quarter. Bank of America Corp DE owned approximately 0.19% of Wesco Aircraft worth $2,134,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the business. Alpha Windward LLC bought a new stake in shares of Wesco Aircraft in the second quarter worth about $533,000. Aperio Group LLC increased its holdings in shares of Wesco Aircraft by 49.3% in the second quarter. Aperio Group LLC now owns 72,754 shares of the aerospace company’s stock worth $818,000 after purchasing an additional 24,039 shares during the last quarter. Citadel Advisors LLC increased its holdings in shares of Wesco Aircraft by 96.2% in the second quarter. Citadel Advisors LLC now owns 83,623 shares of the aerospace company’s stock worth $940,000 after purchasing an additional 41,010 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Wesco Aircraft by 67.1% in the first quarter. Millennium Management LLC now owns 146,696 shares of the aerospace company’s stock worth $1,504,000 after purchasing an additional 58,894 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of Wesco Aircraft by 19.9% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 204,187 shares of the aerospace company’s stock worth $2,297,000 after purchasing an additional 33,897 shares during the last quarter. 90.56% of the stock is currently owned by institutional investors and hedge funds.
WAIR has been the topic of several research reports. ValuEngine cut Wesco Aircraft from a “buy” rating to a “hold” rating in a report on Tuesday, September 4th. UBS Group assumed coverage on Wesco Aircraft in a report on Wednesday, August 15th. They issued a “sell” rating and a $11.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $9.70.
WAIR opened at $11.01 on Friday. The stock has a market capitalization of $1.08 billion, a P/E ratio of 18.66, a P/E/G ratio of 0.97 and a beta of 0.33. Wesco Aircraft Holdings Inc has a 12 month low of $6.05 and a 12 month high of $14.23. The company has a quick ratio of 1.05, a current ratio of 3.61 and a debt-to-equity ratio of 1.14.
About Wesco Aircraft
Wesco Aircraft Holdings, Inc distributes aerospace products and provides supply chain management services to the aerospace industry in the North America and internationally. Its services comprise traditional distribution, management of supplier relationships, quality assurance, kitting, just-in-time delivery, chemical management services, third-party logistics or fourth-party logistics programs, and point-of-use inventory management.
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