Wesco Aircraft Holdings, Inc. (NYSE:WAIR) was downgraded by stock analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report issued on Tuesday.

A number of other brokerages have also recently issued reports on WAIR. Zacks Investment Research cut Wesco Aircraft Holdings from a “hold” rating to a “strong sell” rating in a research report on Saturday, July 22nd. Jefferies Group LLC reaffirmed a “hold” rating and set a $9.00 target price on shares of Wesco Aircraft Holdings in a research report on Sunday, July 23rd. Cowen and Company reaffirmed a “hold” rating and set a $9.00 target price on shares of Wesco Aircraft Holdings in a research report on Monday, July 17th. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $12.00 target price on shares of Wesco Aircraft Holdings in a research report on Monday, October 2nd. Finally, ValuEngine raised Wesco Aircraft Holdings from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $10.60.

Shares of Wesco Aircraft Holdings (WAIR) opened at 9.05 on Tuesday. The stock’s 50 day moving average is $9.29 and its 200-day moving average is $9.67. Wesco Aircraft Holdings has a 1-year low of $6.95 and a 1-year high of $15.77. The stock’s market cap is $901.19 million.

Wesco Aircraft Holdings (NYSE:WAIR) last announced its earnings results on Tuesday, August 8th. The aerospace company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.12). The company had revenue of $363.90 million for the quarter, compared to the consensus estimate 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 firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.29 EPS. On average, analysts anticipate that Wesco Aircraft Holdings will post $0.69 EPS for the current year.

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In other Wesco Aircraft Holdings news, Director Thomas Bancroft purchased 27,841 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was bought at an average cost of $7.70 per share, for a total transaction of $214,375.70. Following the completion of the acquisition, the director now directly owns 13,487 shares in the company, valued at $103,849.90. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Makaira Partners Llc purchased 20,100 shares of the business’s stock in a transaction dated Thursday, August 31st. The shares were acquired at an average price of $8.48 per share, with a total value of $170,448.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 1,068,719 shares of company stock valued at $8,385,130. Corporate insiders own 10.30% of the company’s stock.

Several hedge funds have recently modified their holdings of WAIR. Cove Street Capital LLC lifted its holdings in shares of Wesco Aircraft Holdings by 146.6% during the second quarter. Cove Street Capital LLC now owns 4,375,845 shares of the aerospace company’s stock worth $47,478,000 after buying an additional 2,601,134 shares during the last quarter. Frontier Capital Management Co. LLC lifted its holdings in shares of Wesco Aircraft Holdings by 51.7% during the second quarter. Frontier Capital Management Co. LLC now owns 5,565,122 shares of the aerospace company’s stock worth $60,382,000 after buying an additional 1,896,483 shares during the last quarter. Makaira Partners LLC lifted its holdings in shares of Wesco Aircraft Holdings by 18.0% during the second quarter. Makaira Partners LLC now owns 9,649,938 shares of the aerospace company’s stock worth $104,702,000 after buying an additional 1,474,630 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Wesco Aircraft Holdings by 79.5% during the second quarter. Northern Trust Corp now owns 1,308,517 shares of the aerospace company’s stock worth $14,198,000 after buying an additional 579,446 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Wesco Aircraft Holdings by 13.2% during the second quarter. Dimensional Fund Advisors LP now owns 4,061,409 shares of the aerospace company’s stock worth $44,065,000 after buying an additional 473,010 shares during the last quarter. Institutional investors own 93.39% 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.

Analyst Recommendations for Wesco Aircraft Holdings (NYSE:WAIR)

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