Wesco Aircraft (WAIR) Research Coverage Started at Longbow Research

Longbow Research initiated coverage on shares of Wesco Aircraft (NYSE:WAIR) in a report released on Thursday, Marketbeat.com reports. The firm issued a neutral rating on the aerospace company’s stock.

WAIR has been the topic of a number of other research reports. BidaskClub raised shares of Wesco Aircraft from a hold rating to a buy rating in a research report on Saturday, September 16th. SunTrust Banks reaffirmed a buy rating and set a $12.00 target price on shares of Wesco Aircraft in a research report on Monday, October 2nd. Zacks Investment Research raised shares of Wesco Aircraft from a strong sell rating to a hold rating in a research report on Thursday, October 5th. Cowen reaffirmed a hold rating and set a $7.00 target price on shares of Wesco Aircraft in a research report on Wednesday, November 29th. Finally, Deutsche Bank raised shares of Wesco Aircraft from a sell rating to a hold rating and set a $7.50 target price on the stock in a research report on Thursday, November 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Wesco Aircraft currently has an average rating of Hold and a consensus price target of $9.30.

Shares of Wesco Aircraft (NYSE WAIR) opened at $7.65 on Thursday. The company has a debt-to-equity ratio of 1.22, a current ratio of 3.87 and a quick ratio of 1.11. Wesco Aircraft has a one year low of $6.05 and a one year high of $15.55. The firm has a market cap of $761.36, a price-to-earnings ratio of -3.19, a PEG ratio of 0.99 and a beta of 0.66.

Wesco Aircraft (NYSE:WAIR) last issued its quarterly earnings data on Tuesday, November 28th. The aerospace company reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.11). Wesco Aircraft had a positive return on equity of 7.37% and a negative net margin of 16.60%. The firm had revenue of $361.60 million during the quarter, compared to analyst estimates of $363.20 million. During the same quarter in the previous year, the firm posted $0.30 earnings per share. Wesco Aircraft’s quarterly revenue was down 1.1% compared to the same quarter last year. research analysts anticipate that Wesco Aircraft will post 0.64 EPS for the current fiscal year.

In other news, EVP Declan O. Grant bought 7,170 shares of Wesco Aircraft stock in a transaction dated Monday, December 11th. The shares were bought at an average price of $6.94 per share, for a total transaction of $49,759.80. Following the purchase, the executive vice president now owns 70,760 shares of the company’s stock, valued at $491,074.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 11.90% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in WAIR. Victory Capital Management Inc. increased its stake in Wesco Aircraft by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 12,661 shares of the aerospace company’s stock worth $137,000 after purchasing an additional 1,898 shares in the last quarter. Huber Capital Management LLC bought a new position in shares of Wesco Aircraft during the 3rd quarter worth approximately $154,000. Aperio Group LLC bought a new position in shares of Wesco Aircraft during the 2nd quarter worth approximately $186,000. Ramsey Quantitative Systems bought a new position in shares of Wesco Aircraft during the 2nd quarter worth approximately $278,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in shares of Wesco Aircraft during the 3rd quarter worth approximately $242,000. Institutional investors own 94.88% of the company’s stock.

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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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