Ibex Investors LLC purchased a new position in Wesco Aircraft Holdings Inc (NYSE:WAIR) in the third quarter, Holdings Channel reports. The institutional investor purchased 18,263 shares of the aerospace company’s stock, valued at approximately $205,000.
A number of other hedge funds also recently added to or reduced their stakes in the business. Renaissance Technologies LLC purchased a new position in Wesco Aircraft in the 3rd quarter worth approximately $173,000. JPMorgan Chase & Co. grew its stake in Wesco Aircraft by 1,057.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 127,372 shares of the aerospace company’s stock worth $1,433,000 after buying an additional 116,367 shares in the last quarter. Royce & Associates LP grew its stake in Wesco Aircraft by 0.9% in the 3rd quarter. Royce & Associates LP now owns 3,078,492 shares of the aerospace company’s stock worth $34,633,000 after buying an additional 28,235 shares in the last quarter. United Services Automobile Association purchased a new position in Wesco Aircraft in the 3rd quarter worth approximately $168,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in Wesco Aircraft by 74.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 26,873 shares of the aerospace company’s stock worth $302,000 after buying an additional 11,475 shares in the last quarter. 90.65% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have commented on the stock. UBS Group assumed coverage on shares of Wesco Aircraft in a research note on Wednesday, August 15th. They issued a “sell” rating and a $11.00 price target for the company. ValuEngine cut shares of Wesco Aircraft from a “buy” rating to a “hold” rating in a research note on Tuesday, September 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. Wesco Aircraft presently has an average rating of “Hold” and a consensus price target of $10.25.
Shares of WAIR opened at $8.94 on Friday. The company has a market capitalization of $903.99 million, a PE ratio of 11.92, a price-to-earnings-growth ratio of 0.92 and a beta of 0.25. The company has a debt-to-equity ratio of 1.12, a current ratio of 4.08 and a quick ratio of 1.15. Wesco Aircraft Holdings Inc has a fifty-two week low of $6.15 and a fifty-two week high of $14.23.
Wesco Aircraft (NYSE:WAIR) last announced its quarterly earnings data on Thursday, November 15th. The aerospace company reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.03). The business had revenue of $406.82 million during the quarter, compared to the consensus estimate of $392.77 million. Wesco Aircraft had a return on equity of 11.11% and a net margin of 2.08%. Equities research analysts expect that Wesco Aircraft Holdings Inc will post 0.83 earnings per share for the current year.
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Wesco Aircraft 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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