Wesco Aircraft Holdings, Inc. (WAIR) Stake Raised by Alliancebernstein L.P.

Alliancebernstein L.P. boosted its position in shares of Wesco Aircraft Holdings, Inc. (NYSE:WAIR) by 30.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,049,785 shares of the aerospace company’s stock after buying an additional 477,230 shares during the period. Alliancebernstein L.P. owned about 2.06% of Wesco Aircraft Holdings worth $23,368,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WAIR. Frontier Capital Management Co. LLC boosted its position in Wesco Aircraft Holdings by 2.1% in the first quarter. Frontier Capital Management Co. LLC now owns 3,668,639 shares of the aerospace company’s stock worth $41,822,000 after buying an additional 75,684 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Wesco Aircraft Holdings by 6.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,125,501 shares of the aerospace company’s stock worth $46,727,000 after buying an additional 177,575 shares during the last quarter. Pzena Investment Management LLC boosted its position in Wesco Aircraft Holdings by 55.5% in the first quarter. Pzena Investment Management LLC now owns 1,556,462 shares of the aerospace company’s stock worth $17,744,000 after buying an additional 555,725 shares during the last quarter. State Street Corp boosted its stake in Wesco Aircraft Holdings by 25.6% in the fourth quarter. State Street Corp now owns 1,475,250 shares of the aerospace company’s stock worth $22,052,000 after buying an additional 300,961 shares in the last quarter. Finally, Norges Bank bought a new stake in Wesco Aircraft Holdings during the fourth quarter worth approximately $14,084,000. 88.09% of the stock is owned by institutional investors.

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

Wesco Aircraft Holdings, Inc. (WAIR) traded down 1.741% during trading on Tuesday, reaching $9.875. 99,066 shares of the company’s stock traded hands. Wesco Aircraft Holdings, Inc. has a 1-year low of $7.46 and a 1-year high of $15.78. The firm has a market capitalization of $984.40 million, a PE ratio of 12.516 and a beta of 0.64. The firm has a 50 day moving average of $9.46 and a 200 day moving average of $12.34.

Wesco Aircraft Holdings (NYSE:WAIR) last issued its earnings results on Tuesday, May 9th. The aerospace company reported $0.21 EPS for the quarter, hitting the consensus estimate of $0.21. The firm had revenue of $364.60 million during the quarter, compared to analysts’ expectations of $367.92 million. Wesco Aircraft Holdings had a return on equity of 11.03% and a net margin of 5.39%. Wesco Aircraft Holdings’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period last year, the business earned $0.29 earnings per share. Equities analysts forecast that Wesco Aircraft Holdings, Inc. will post $0.86 EPS for the current year.

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WAIR has been the subject of a number of research reports. Jefferies Group LLC raised shares of Wesco Aircraft Holdings from an “underperform” rating to a “hold” rating and boosted their target price for the stock from $8.00 to $9.00 in a research note on Monday, May 15th. ValuEngine cut shares of Wesco Aircraft Holdings from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Citigroup Inc. cut shares of Wesco Aircraft Holdings from a “buy” rating to a “neutral” rating in a research note on Monday, May 1st. Finally, BidaskClub raised shares of Wesco Aircraft Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $14.40.

In related news, Director Thomas Bancroft acquired 1,000,000 shares of the company’s stock in a transaction on Tuesday, May 16th. The stock was purchased at an average cost of $8.73 per share, for a total transaction of $8,730,000.00. Following the completion of the purchase, the director now directly owns 13,487 shares of the company’s stock, valued at approximately $117,741.51. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last ninety days, insiders purchased 1,396,510 shares of company stock valued at $12,570,693. 10.30% of the stock is owned by company insiders.

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.

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