Zacks Investment Research upgraded shares of Wesco Aircraft Holdings Inc. (NYSE:WAIR) from a hold rating to a buy rating in a report published on Wednesday. They currently have $16.00 price objective on the stock.

According to Zacks, “Wesco Aircraft Holdings, Inc. distributes and provides supply chain management services to the global aerospace industry. It offers inventory of aerospace parts, including hardware, bearings, tools, electronic components and machined parts. The Company’s services range from traditional distribution to the management of supplier relationships, quality assurance, kitting, just-in-time delivery and point-of-use inventory management. Wesco Aircraft Holdings, Inc. is headquartered in Valencia, California. “

Several other equities research analysts have also weighed in on WAIR. Jefferies Group set a $12.00 target price on shares of Wesco Aircraft Holdings and gave the stock a sell rating in a report on Saturday, November 19th. KeyCorp reaffirmed a hold rating on shares of Wesco Aircraft Holdings in a report on Wednesday, September 28th. Finally, Rosenblatt Securities raised shares of Wesco Aircraft Holdings from a neutral rating to a buy rating and set a $17.00 price objective on the stock in a report on Friday, October 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $15.00.

Shares of Wesco Aircraft Holdings (NYSE:WAIR) opened at 15.00 on Wednesday. Wesco Aircraft Holdings has a 12-month low of $9.91 and a 12-month high of $15.30. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 16.13 and a beta of 0.80. The stock’s 50 day moving average is $13.37 and its 200-day moving average is $13.62.

Wesco Aircraft Holdings (NYSE:WAIR) last posted its earnings results on Thursday, November 17th. The company reported $0.30 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.30. Wesco Aircraft Holdings had a net margin of 6.19% and a return on equity of 13.00%. The business had revenue of $365.60 million for the quarter. During the same period in the previous year, the company posted $0.27 EPS. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. On average, analysts anticipate that Wesco Aircraft Holdings will post $1.12 EPS for the current fiscal year.

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Large investors have recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in shares of Wesco Aircraft Holdings during the third quarter worth approximately $119,000. Atria Investments LLC bought a new stake in shares of Wesco Aircraft Holdings during the second quarter worth approximately $154,000. Aperio Group LLC raised its stake in shares of Wesco Aircraft Holdings by 9.2% in the third quarter. Aperio Group LLC now owns 13,125 shares of the company’s stock worth $176,000 after buying an additional 1,105 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Wesco Aircraft Holdings during the second quarter worth approximately $182,000. Finally, Principal Financial Group Inc. raised its stake in shares of Wesco Aircraft Holdings by 8.0% in the second quarter. Principal Financial Group Inc. now owns 13,836 shares of the company’s stock worth $186,000 after buying an additional 1,023 shares in the last quarter. 89.10% of the stock is currently owned by hedge funds and other institutional investors.

Wesco Aircraft Holdings Company Profile

Wesco Aircraft Holdings, Inc is a distributor and provider of supply chain management services to the global aerospace industry. The Company’s services range from traditional distribution to the management of supplier relationships, quality assurance, kitting, just-in-time (JIT) delivery and point-of-use inventory management.

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