Wesco Aircraft Sees Unusually High Options Volume (WAIR)

Wesco Aircraft Holdings Inc (NYSE:WAIR) was the recipient of some unusual options trading on Thursday. Investors acquired 2,002 put options on the company. This represents an increase of 1,863% compared to the average volume of 102 put options.

Wesco Aircraft stock opened at $11.05 on Friday. The company has a current ratio of 3.66, a quick ratio of 1.02 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 18.73, a price-to-earnings-growth ratio of 1.20 and a beta of 0.16. Wesco Aircraft has a 52 week low of $6.05 and a 52 week high of $11.95.

Wesco Aircraft (NYSE:WAIR) last posted its quarterly earnings data on Thursday, May 3rd. The aerospace company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.04. The company had revenue of $390.18 million for the quarter, compared to analyst estimates of $373.56 million. Wesco Aircraft had a positive return on equity of 8.27% and a negative net margin of 17.13%. The business’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.21 earnings per share. research analysts anticipate that Wesco Aircraft will post 0.77 earnings per share for the current year.

WAIR has been the topic of a number of analyst reports. ValuEngine cut Wesco Aircraft from a “buy” rating to a “hold” rating in a research report on Friday, June 29th. Zacks Investment Research upgraded 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. Cowen reissued a “hold” rating and issued a $8.00 price objective on shares of Wesco Aircraft in a research note on Tuesday, May 1st. Citigroup boosted their price objective on Wesco Aircraft from $7.30 to $11.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 10th. Finally, TheStreet raised Wesco Aircraft from a “d+” rating to a “c” rating in a research note on Monday, April 16th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $9.75.

Institutional investors and hedge funds have recently modified their holdings of the company. Verition Fund Management LLC acquired a new position in shares of Wesco Aircraft during the first quarter valued at $104,000. Hsbc Holdings PLC acquired a new position in shares of Wesco Aircraft during the first quarter valued at $105,000. MetLife Investment Advisors LLC acquired a new position in shares of Wesco Aircraft during the fourth quarter valued at $106,000. Teacher Retirement System of Texas acquired a new position in shares of Wesco Aircraft during the fourth quarter valued at $137,000. Finally, Metropolitan Life Insurance Co. NY acquired a new position in shares of Wesco Aircraft during the fourth quarter valued at $138,000. 90.16% of the stock is currently owned by institutional investors and hedge funds.

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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