Systematic Financial Management LP trimmed its stake in Wesco Aircraft Holdings, Inc. (NYSE:WAIR) by 8.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 164,305 shares of the aerospace company’s stock after selling 15,355 shares during the quarter. Systematic Financial Management LP owned about 0.16% of Wesco Aircraft worth $1,544,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Cove Street Capital LLC grew its stake in Wesco Aircraft by 146.6% during the second quarter. Cove Street Capital LLC now owns 4,375,845 shares of the aerospace company’s stock worth $47,478,000 after buying an additional 2,601,134 shares during the period. Frontier Capital Management Co. LLC grew its stake in Wesco Aircraft by 51.7% during the second quarter. Frontier Capital Management Co. LLC now owns 5,565,122 shares of the aerospace company’s stock worth $60,382,000 after buying an additional 1,896,483 shares during the period. Makaira Partners LLC grew its stake in Wesco Aircraft by 18.0% during the second quarter. Makaira Partners LLC now owns 9,649,938 shares of the aerospace company’s stock worth $104,702,000 after buying an additional 1,474,630 shares during the period. Northern Trust Corp grew its stake in Wesco Aircraft by 79.5% during the second quarter. Northern Trust Corp now owns 1,308,517 shares of the aerospace company’s stock worth $14,198,000 after buying an additional 579,446 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Wesco Aircraft by 13.2% during the second quarter. Dimensional Fund Advisors LP now owns 4,061,409 shares of the aerospace company’s stock worth $44,065,000 after buying an additional 473,010 shares during the period. Hedge funds and other institutional investors own 94.87% of the company’s stock.

WAIR has been the subject of several research reports. SunTrust Banks reiterated a “buy” rating and set a $12.00 price objective on shares of Wesco Aircraft in a research note on Monday, October 2nd. BidaskClub upgraded shares of Wesco Aircraft from a “hold” rating to a “buy” rating in a research note on Saturday, September 16th. Zacks Investment Research upgraded shares of Wesco Aircraft from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research note on Thursday, October 19th. TheStreet cut shares of Wesco Aircraft from a “c” rating to a “d+” rating in a research report on Tuesday, August 8th. Finally, Cowen reissued a “hold” rating and set a $7.00 target price on shares of Wesco Aircraft in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $10.20.

Wesco Aircraft Holdings, Inc. (NYSE WAIR) traded down $0.10 during midday trading on Wednesday, hitting $7.70. 894,100 shares of the stock were exchanged, compared to its average volume of 562,738. Wesco Aircraft Holdings, Inc. has a twelve month low of $6.95 and a twelve month high of $15.78. The company has a current ratio of 4.06, a quick ratio of 1.19 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $662.20, a PE ratio of 10.00, a P/E/G ratio of 0.87 and a beta of 0.74.

Wesco Aircraft (NYSE:WAIR) last posted its earnings results on Tuesday, November 28th. The aerospace company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.11). Wesco Aircraft had a positive return on equity of 9.42% and a negative net margin of 12.26%. The firm had revenue of $361.60 million for the quarter, compared to analyst estimates of $363.20 million. During the same period in the previous year, the firm posted $0.30 earnings per share. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. equities analysts forecast that Wesco Aircraft Holdings, Inc. will post 0.66 earnings per share for the current fiscal year.

In other news, major shareholder Makaira Partners Llc bought 20,100 shares of Wesco Aircraft stock in a transaction dated Thursday, August 31st. The shares were acquired at an average cost of $8.48 per share, with a total value of $170,448.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 10.30% of the company’s stock.

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

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