Wells Fargo & Company MN lowered its position in Wesco Aircraft Holdings Inc (NYSE:WAIR) by 21.9% in the 3rd quarter, Holdings Channel reports. The firm owned 150,110 shares of the aerospace company’s stock after selling 42,055 shares during the period. Wells Fargo & Company MN’s holdings in Wesco Aircraft were worth $1,410,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in WAIR. Cove Street Capital LLC raised its holdings in shares of Wesco Aircraft by 146.6% in the second quarter. Cove Street Capital LLC now owns 4,375,845 shares of the aerospace company’s stock valued at $47,478,000 after purchasing an additional 2,601,134 shares during the last quarter. Makaira Partners LLC raised its holdings in shares of Wesco Aircraft by 18.0% in the second quarter. Makaira Partners LLC now owns 9,649,938 shares of the aerospace company’s stock valued at $104,702,000 after purchasing an additional 1,474,630 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Wesco Aircraft by 79.5% in the second quarter. Northern Trust Corp now owns 1,308,517 shares of the aerospace company’s stock valued at $14,198,000 after purchasing an additional 579,446 shares during the last quarter. Frontier Capital Management Co. LLC raised its holdings in shares of Wesco Aircraft by 9.4% in the third quarter. Frontier Capital Management Co. LLC now owns 6,088,113 shares of the aerospace company’s stock valued at $57,228,000 after purchasing an additional 522,991 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Wesco Aircraft by 13.2% in the second quarter. Dimensional Fund Advisors LP now owns 4,061,409 shares of the aerospace company’s stock valued at $44,065,000 after purchasing an additional 473,010 shares during the last quarter. Institutional investors own 94.88% of the company’s stock.

Several analysts have recently commented on the stock. Cowen reiterated a “hold” rating and issued a $7.00 target price on shares of Wesco Aircraft in a report on Wednesday, November 29th. BidaskClub downgraded shares of Wesco Aircraft from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Zacks Investment Research downgraded shares of Wesco Aircraft from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 19th. SunTrust Banks reiterated a “buy” rating and issued a $12.00 target price on shares of Wesco Aircraft in a report on Monday, October 2nd. Finally, Longbow Research initiated coverage on shares of Wesco Aircraft in a research report on Thursday, January 4th. They set a “neutral” rating for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $9.30.

Wesco Aircraft Holdings Inc (NYSE:WAIR) opened at $7.40 on Monday. The firm has a market cap of $736.48, a PE ratio of -3.08, a P/E/G ratio of 0.93 and a beta of 0.66. The company has a current ratio of 3.87, a quick ratio of 1.11 and a debt-to-equity ratio of 1.22. Wesco Aircraft Holdings Inc has a 1 year low of $6.05 and a 1 year high of $15.55.

Wesco Aircraft (NYSE:WAIR) last posted its quarterly earnings results on Tuesday, November 28th. The aerospace company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.11). The company had revenue of $361.60 million for the quarter, compared to the consensus estimate of $363.20 million. Wesco Aircraft had a negative net margin of 16.60% and a positive return on equity of 7.37%. Wesco Aircraft’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 EPS. equities analysts forecast that Wesco Aircraft Holdings Inc will post 0.66 EPS for the current year.

In related news, EVP Declan O. Grant purchased 7,170 shares of Wesco Aircraft stock in a transaction that occurred on Monday, December 11th. The stock was bought at an average price of $6.94 per share, for a total transaction of $49,759.80. Following the completion of the transaction, the executive vice president now owns 70,760 shares in the company, valued at $491,074.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 11.90% of the stock is currently owned by corporate insiders.

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About Wesco Aircraft

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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