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.

COPYRIGHT VIOLATION WARNING: “Legal & General Group Plc Sells 262 Shares of Wesco Aircraft Holdings, Inc. (NYSE:WAIR)” was first published by Daily Political and is owned by of Daily Political. If you are accessing this article on another publication, it was copied illegally and republished in violation of international trademark and copyright law. The original version of this article can be read at https://www.dailypolitical.com/2017/08/10/legal-general-group-plc-sells-262-shares-of-wesco-aircraft-holdings-inc-nysewair.html.

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.

Want to see what other hedge funds are holding WAIR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wesco Aircraft Holdings, Inc. (NYSE:WAIR).

Institutional Ownership by Quarter for Wesco Aircraft Holdings (NYSE:WAIR)

Receive News & Ratings for Wesco Aircraft Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wesco Aircraft Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.