Swiss National Bank decreased its stake in Wesco Aircraft Holdings Inc. (NYSE:WAIR) by 9.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 103,500 shares of the company’s stock after selling 11,100 shares during the period. Swiss National Bank owned about 0.10% of Wesco Aircraft Holdings worth $1,389,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Makaira Partners LLC purchased a new stake in shares of Wesco Aircraft Holdings during the first quarter valued at about $115,393,000. Frontier Capital Management Co. LLC raised its stake in shares of Wesco Aircraft Holdings by 51.7% in the second quarter. Frontier Capital Management Co. LLC now owns 3,376,015 shares of the company’s stock valued at $45,306,000 after buying an additional 1,150,687 shares during the period. Royce & Associates LP raised its stake in shares of Wesco Aircraft Holdings by 3.6% in the first quarter. Royce & Associates LP now owns 2,416,096 shares of the company’s stock valued at $34,768,000 after buying an additional 84,509 shares during the period. BlackRock Institutional Trust Company N.A. raised its stake in shares of Wesco Aircraft Holdings by 5.1% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,478,405 shares of the company’s stock valued at $21,274,000 after buying an additional 71,555 shares during the period. Finally, Norges Bank purchased a new stake in shares of Wesco Aircraft Holdings during the fourth quarter valued at about $8,133,000. Institutional investors and hedge funds own 89.27% of the company’s stock.
Wesco Aircraft Holdings Inc. (NYSE:WAIR) traded down 1.03% on Thursday, reaching $13.40. The company’s stock had a trading volume of 167,887 shares. Wesco Aircraft Holdings Inc. has a one year low of $9.91 and a one year high of $15.07. The company’s market capitalization is $1.32 billion. The firm has a 50-day moving average of $13.71 and a 200-day moving average of $13.91.
Wesco Aircraft Holdings (NYSE:WAIR) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.01. Wesco Aircraft Holdings had a positive return on equity of 12.72% and a negative net margin of 9.85%. The business earned $375.20 million during the quarter, compared to analyst estimates of $381.12 million. During the same quarter in the prior year, the business posted $0.22 EPS. Wesco Aircraft Holdings’s revenue for the quarter was up 1.8% compared to the same quarter last year. Analysts predict that Wesco Aircraft Holdings Inc. will post $1.12 EPS for the current year.
Several brokerages have issued reports on WAIR. Jefferies Group lowered Wesco Aircraft Holdings from a “hold” rating to an “underperform” rating and dropped their price target for the stock from $14.00 to $12.00 in a research note on Monday, July 18th. KeyCorp reaffirmed a “hold” rating on shares of Wesco Aircraft Holdings in a research note on Wednesday. Finally, Rosenblatt Securities dropped their price target on Wesco Aircraft Holdings from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Tuesday, June 28th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $12.75.
About Wesco Aircraft Holdings
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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