Shares of Wesco Aircraft Holdings Inc (NYSE:WAIR) have been assigned an average recommendation of “Hold” from the ten ratings firms that are presently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $9.30.
Several brokerages have recently weighed in on WAIR. ValuEngine raised shares of Wesco Aircraft from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Zacks Investment Research raised shares of Wesco Aircraft from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research report on Saturday, March 10th. Finally, Longbow Research started coverage on shares of Wesco Aircraft in a research report on Thursday, January 4th. They issued a “neutral” rating on the stock.
Shares of WAIR stock traded up $0.25 on Friday, hitting $10.25. 944,956 shares of the stock traded hands, compared to its average volume of 692,770. The company has a current ratio of 3.93, a quick ratio of 1.06 and a debt-to-equity ratio of 1.21. The stock has a market cap of $1,020.01, a price-to-earnings ratio of 18.98, a PEG ratio of 1.22 and a beta of 0.28. Wesco Aircraft has a twelve month low of $6.05 and a twelve month high of $12.53.
In related news, major shareholder Makaira Partners Llc bought 69,600 shares of the firm’s stock in a transaction on Thursday, March 1st. The shares were bought at an average price of $9.27 per share, with a total value of $645,192.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders acquired 893,610 shares of company stock worth $7,881,718 in the last ninety days. 10.30% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the business. MetLife Investment Advisors LLC purchased a new stake in Wesco Aircraft during the fourth quarter worth about $106,000. Teacher Retirement System of Texas purchased a new stake in Wesco Aircraft during the fourth quarter worth about $137,000. Metropolitan Life Insurance Co. NY purchased a new stake in Wesco Aircraft during the fourth quarter worth about $138,000. Huber Capital Management LLC purchased a new stake in Wesco Aircraft during the third quarter worth about $154,000. Finally, Two Sigma Advisers LP purchased a new stake in Wesco Aircraft during the fourth quarter worth about $161,000. Institutional investors own 89.55% of the company’s stock.
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Wesco Aircraft Company Profile
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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