Legal & General Group Plc Sells 262 Shares of Wesco Aircraft Holdings, Inc. (NYSE:WAIR)
Legal & General Group Plc decreased its position in Wesco Aircraft Holdings, Inc. (NYSE:WAIR) by 1.1% during the first quarter, Holdings Channel reports. The fund owned 23,142 shares of the aerospace company’s stock after selling 262 shares during the period. Legal & General Group Plc’s holdings in Wesco Aircraft Holdings were worth $264,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of WAIR. Cutter & CO Brokerage Inc. raised its position in Wesco Aircraft Holdings by 16.9% in the first quarter. Cutter & CO Brokerage Inc. now owns 61,675 shares of the aerospace company’s stock worth $703,000 after buying an additional 8,925 shares during the last quarter. FMR LLC raised its position in Wesco Aircraft Holdings by 28.4% in the fourth quarter. FMR LLC now owns 191,900 shares of the aerospace company’s stock worth $2,869,000 after buying an additional 42,500 shares during the last quarter. Renaissance Technologies LLC acquired a new position in Wesco Aircraft Holdings during the fourth quarter worth $1,791,000. Stoneridge Investment Partners LLC acquired a new position in Wesco Aircraft Holdings during the first quarter worth $1,534,000. Finally, Quantbot Technologies LP acquired a new position in Wesco Aircraft Holdings during the first quarter worth $548,000. Hedge funds and other institutional investors own 87.87% of the company’s stock.
Shares of Wesco Aircraft Holdings, Inc. (NYSE WAIR) opened at 7.825 on Thursday. The stock’s market capitalization is $773.65 million. Wesco Aircraft Holdings, Inc. has a 1-year low of $7.25 and a 1-year high of $15.78. The stock has a 50 day moving average of $10.56 and a 200-day moving average of $11.20.
Wesco Aircraft Holdings (NYSE:WAIR) last released its earnings results on Tuesday, August 8th. The aerospace company reported $0.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by $0.12. Wesco Aircraft Holdings had a positive return on equity of 8.87% and a negative net margin of 12.26%. The company had revenue of $363.90 million during the quarter, compared to analyst estimates of $379.32 million. During the same period in the prior year, the business posted $0.29 earnings per share. Wesco Aircraft Holdings’s revenue was down 3.0% on a year-over-year basis. Equities research analysts predict that Wesco Aircraft Holdings, Inc. will post $0.75 earnings per share for the current fiscal year.
A number of equities analysts recently weighed in on WAIR shares. BidaskClub upgraded shares of Wesco Aircraft Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Citigroup Inc. downgraded shares of Wesco Aircraft Holdings from a “buy” rating to a “neutral” rating in a research note on Monday, May 1st. Zacks Investment Research downgraded shares of Wesco Aircraft Holdings from a “hold” rating to a “strong sell” rating in a research note on Saturday, July 22nd. Jefferies Group LLC reaffirmed a “hold” rating and set a $9.00 target price on shares of Wesco Aircraft Holdings in a research note on Sunday, July 23rd. Finally, ValuEngine downgraded shares of Wesco Aircraft Holdings from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. Wesco Aircraft Holdings presently has a consensus rating of “Hold” and a consensus target price of $13.14.
In related news, Director Thomas Bancroft bought 246,510 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The shares were acquired at an average cost of $9.83 per share, with a total value of $2,423,193.30. Following the completion of the transaction, the director now owns 13,487 shares of the company’s stock, valued at $132,577.21. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders purchased 1,396,510 shares of company stock worth $12,570,693 over the last three months. Corporate insiders own 10.30% of the company’s stock.
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 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.
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