Wesco Aircraft Holdings Inc (WAIR) Stake Lessened by BlackRock Inc.

BlackRock Inc. lowered its position in Wesco Aircraft Holdings Inc (NYSE:WAIR) by 5.7% during the second quarter, HoldingsChannel.com reports. The firm owned 7,069,242 shares of the aerospace company’s stock after selling 427,136 shares during the period. BlackRock Inc. owned about 0.07% of Wesco Aircraft worth $79,528,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of WAIR. Schwab Charles Investment Management Inc. raised its position in Wesco Aircraft by 4.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 274,408 shares of the aerospace company’s stock valued at $2,813,000 after purchasing an additional 12,876 shares during the period. Aperio Group LLC raised its position in Wesco Aircraft by 193.5% in the first quarter. Aperio Group LLC now owns 48,715 shares of the aerospace company’s stock valued at $499,000 after purchasing an additional 32,117 shares during the period. California Public Employees Retirement System raised its position in Wesco Aircraft by 30.1% in the first quarter. California Public Employees Retirement System now owns 137,154 shares of the aerospace company’s stock valued at $1,406,000 after purchasing an additional 31,754 shares during the period. Dimensional Fund Advisors LP raised its position in Wesco Aircraft by 11.6% in the first quarter. Dimensional Fund Advisors LP now owns 5,301,495 shares of the aerospace company’s stock valued at $54,340,000 after purchasing an additional 551,616 shares during the period. Finally, Hsbc Holdings PLC purchased a new position in Wesco Aircraft in the first quarter valued at about $105,000. Hedge funds and other institutional investors own 90.48% of the company’s stock.

Several research analysts have commented on WAIR shares. ValuEngine lowered Wesco Aircraft from a “buy” rating to a “hold” rating in a research report on Friday, June 29th. UBS Group started coverage on Wesco Aircraft in a research report on Wednesday, August 15th. They issued a “sell” rating and a $11.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $9.70.

Shares of NYSE WAIR opened at $11.01 on Tuesday. Wesco Aircraft Holdings Inc has a 1 year low of $6.05 and a 1 year high of $14.23. The stock has a market cap of $1.12 billion, a PE ratio of 18.66, a price-to-earnings-growth ratio of 1.19 and a beta of 0.11. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.05 and a current ratio of 3.61.

Wesco Aircraft (NYSE:WAIR) last announced its earnings results on Thursday, August 2nd. The aerospace company reported $0.20 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.20. Wesco Aircraft had a positive return on equity of 9.82% and a negative net margin of 0.85%. The business had revenue of $410.36 million for the quarter, compared to analyst estimates of $385.06 million. During the same period in the previous year, the company earned $0.10 earnings per share. The company’s revenue for the quarter was up 12.8% compared to the same quarter last year. Equities research analysts anticipate that Wesco Aircraft Holdings Inc will post 0.79 earnings per share for the current year.

Wesco Aircraft Company Profile

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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Institutional Ownership by Quarter for Wesco Aircraft (NYSE:WAIR)

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