Barrow Hanley Mewhinney & Strauss LLC trimmed its position in shares of Wesco Aircraft Holdings Inc (NYSE:WAIR) by 42.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 266,163 shares of the aerospace company’s stock after selling 197,245 shares during the period. Barrow Hanley Mewhinney & Strauss LLC’s holdings in Wesco Aircraft were worth $1,969,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Huber Capital Management LLC acquired a new stake in Wesco Aircraft during the third quarter worth about $154,000. Teacher Retirement System of Texas acquired a new stake in Wesco Aircraft during the fourth quarter worth about $137,000. Campbell & CO Investment Adviser LLC acquired a new stake in Wesco Aircraft during the third quarter worth about $242,000. Voya Investment Management LLC grew its stake in Wesco Aircraft by 26.1% during the second quarter. Voya Investment Management LLC now owns 26,009 shares of the aerospace company’s stock worth $282,000 after buying an additional 5,376 shares in the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in Wesco Aircraft during the fourth quarter worth about $198,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.
WAIR has been the topic of a number of analyst reports. Deutsche Bank upgraded shares of Wesco Aircraft from a “sell” rating to a “hold” rating and set a $7.50 price objective on the stock in a research note on Thursday, November 30th. Zacks Investment Research upgraded shares of Wesco Aircraft from a “sell” rating to a “hold” rating in a research note on Tuesday, February 13th. ValuEngine upgraded shares of Wesco Aircraft from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 1st. BidaskClub cut shares of Wesco Aircraft from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 31st. Finally, Longbow Research began coverage on shares of Wesco Aircraft in a report on Thursday, January 4th. They issued a “neutral” rating for the company. Seven research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Wesco Aircraft presently has an average rating of “Hold” and a consensus price target of $9.30.
In other Wesco Aircraft news, EVP Declan O. Grant acquired 7,170 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The stock was acquired at an average price of $6.94 per share, for a total transaction of $49,759.80. Following the acquisition, the executive vice president now directly owns 70,760 shares in the company, valued at $491,074.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Makaira Partners Llc acquired 550,000 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was acquired at an average price of $8.80 per share, with a total value of $4,840,000.00. The disclosure for this purchase can be found here. Insiders bought 807,170 shares of company stock valued at $7,069,760 in the last three months. Company insiders own 10.30% of the company’s stock.
Wesco Aircraft Holdings Inc (NYSE WAIR) opened at $8.75 on Friday. The company has a market cap of $890.64, a PE ratio of -3.46, a PEG ratio of 1.12 and a beta of 0.58. The company has a quick ratio of 1.06, a current ratio of 3.93 and a debt-to-equity ratio of 1.21. Wesco Aircraft Holdings Inc has a fifty-two week low of $6.05 and a fifty-two week high of $12.53.
Wesco Aircraft (NYSE:WAIR) last posted its earnings results on Thursday, February 8th. The aerospace company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). The company had revenue of $363.10 million during the quarter, compared to the consensus estimate of $346.96 million. Wesco Aircraft had a positive return on equity of 7.42% and a negative net margin of 17.26%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same period last year, the company posted $0.19 EPS. equities research analysts forecast that Wesco Aircraft Holdings Inc will post 0.67 EPS for the current fiscal year.
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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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