Insider Buying: Wesco Aircraft Holdings Inc (WAIR) Major Shareholder Buys 550,000 Shares of Stock

Wesco Aircraft Holdings Inc (NYSE:WAIR) major shareholder Makaira Partners Llc acquired 550,000 shares of the business’s stock in a transaction on Friday, February 16th. The shares were purchased at an average price of $8.80 per share, with a total value of $4,840,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Makaira Partners Llc also recently made the following trade(s):

  • On Wednesday, February 14th, Makaira Partners Llc acquired 250,000 shares of Wesco Aircraft stock. The shares were purchased at an average price of $8.72 per share, with a total value of $2,180,000.00.

Shares of Wesco Aircraft Holdings Inc (NYSE WAIR) opened at $8.90 on Friday. The company has a debt-to-equity ratio of 1.21, a current ratio of 3.93 and a quick ratio of 1.11. The stock has a market capitalization of $885.76, a P/E ratio of -3.50, a PEG ratio of 1.11 and a beta of 0.58. Wesco Aircraft Holdings Inc has a 52-week low of $6.05 and a 52-week high of $12.53.

Wesco Aircraft (NYSE:WAIR) last posted its quarterly earnings results on Thursday, February 8th. The aerospace company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). The company had revenue of $363.10 million during the quarter, compared to analysts’ expectations of $346.96 million. Wesco Aircraft had a negative net margin of 17.26% and a positive return on equity of 7.42%. Wesco Aircraft’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter last year, the company earned $0.19 earnings per share. sell-side analysts predict that Wesco Aircraft Holdings Inc will post 0.67 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of the company. Makaira Partners LLC lifted its holdings in Wesco Aircraft by 5.4% in the third quarter. Makaira Partners LLC now owns 10,173,818 shares of the aerospace company’s stock valued at $95,634,000 after acquiring an additional 523,880 shares during the last quarter. BlackRock Inc. lifted its holdings in Wesco Aircraft by 12.6% in the fourth quarter. BlackRock Inc. now owns 7,665,112 shares of the aerospace company’s stock valued at $56,721,000 after acquiring an additional 856,046 shares during the last quarter. Frontier Capital Management Co. LLC lifted its holdings in Wesco Aircraft by 9.4% in the third quarter. Frontier Capital Management Co. LLC now owns 6,088,113 shares of the aerospace company’s stock valued at $57,228,000 after acquiring an additional 522,991 shares during the last quarter. Cove Street Capital LLC lifted its holdings in Wesco Aircraft by 11.7% in the fourth quarter. Cove Street Capital LLC now owns 5,211,427 shares of the aerospace company’s stock valued at $38,564,000 after acquiring an additional 544,557 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Wesco Aircraft by 0.4% in the second quarter. Vanguard Group Inc. now owns 4,534,638 shares of the aerospace company’s stock valued at $49,201,000 after acquiring an additional 19,114 shares during the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

Several equities research analysts have commented on the company. Zacks Investment Research upgraded Wesco Aircraft from a “sell” rating to a “hold” rating in a research note on Tuesday, February 13th. BidaskClub lowered Wesco Aircraft from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 31st. Longbow Research started coverage on Wesco Aircraft in a research report on Thursday, January 4th. They issued a “neutral” rating for the company. ValuEngine upgraded Wesco Aircraft from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Finally, Deutsche Bank upgraded Wesco Aircraft from a “sell” rating to a “hold” rating and set a $7.50 price target for the company in a research report on Thursday, November 30th. Seven equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $9.30.

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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.

Insider Buying and Selling by Quarter for Wesco Aircraft (NYSE:WAIR)

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