UBS Asset Management Americas Inc. cut its stake in Wesco Aircraft Holdings, Inc. (NYSE:WAIR) by 41.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,350 shares of the aerospace company’s stock after selling 20,252 shares during the period. UBS Asset Management Americas Inc.’s holdings in Wesco Aircraft Holdings were worth $424,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Cornercap Investment Counsel Inc. purchased a new stake in Wesco Aircraft Holdings during the fourth quarter valued at about $233,000. Wexford Capital LP bought a new stake in Wesco Aircraft Holdings during the fourth quarter valued at $345,000. GSA Capital Partners LLP bought a new stake in Wesco Aircraft Holdings during the fourth quarter valued at $413,000. Tudor Investment Corp Et Al bought a new stake in Wesco Aircraft Holdings during the fourth quarter valued at $511,000. Finally, Oxford Asset Management bought a new stake in Wesco Aircraft Holdings during the fourth quarter valued at $544,000. Institutional investors and hedge funds own 88.09% of the company’s stock.
Wesco Aircraft Holdings, Inc. (WAIR) traded down 2.49% during trading on Tuesday, hitting $9.80. 105,510 shares of the company’s stock were exchanged. Wesco Aircraft Holdings, Inc. has a 12-month low of $7.46 and a 12-month high of $15.77. The firm has a market cap of $976.92 million, a price-to-earnings ratio of 12.42 and a beta of 0.64. The company’s 50-day moving average price is $9.46 and its 200 day moving average price is $12.34.
Wesco Aircraft Holdings (NYSE:WAIR) last posted its quarterly earnings data on Tuesday, May 9th. The aerospace company reported $0.21 EPS for the quarter, meeting analysts’ consensus estimates of $0.21. The business had revenue of $364.60 million for the quarter, compared to analyst estimates of $367.92 million. Wesco Aircraft Holdings had a return on equity of 11.03% and a net margin of 5.39%. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.29 earnings per share. Equities analysts forecast that Wesco Aircraft Holdings, Inc. will post $0.86 earnings per share for the current fiscal year.
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A number of equities research analysts have issued reports on WAIR shares. Jefferies Group LLC set a $9.00 price target on shares of Wesco Aircraft Holdings and gave the stock a “hold” rating in a report on Friday. ValuEngine lowered shares of Wesco Aircraft Holdings from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Citigroup Inc. lowered 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 report on Tuesday, June 13th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $14.40.
In other Wesco Aircraft Holdings news, Director Thomas Bancroft purchased 1,000,000 shares of the firm’s stock in a transaction on Tuesday, May 16th. The shares were purchased at an average cost of $8.73 per share, with a total value of $8,730,000.00. Following the purchase, the director now owns 13,487 shares in the company, valued at $117,741.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders have purchased 1,396,510 shares of company stock worth $12,570,693. Corporate insiders own 10.30% of the company’s stock.
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 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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