Wesco Aircraft Holdings Inc (NYSE:WAIR) major shareholder Makaira Partners Llc purchased 250,000 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The stock was acquired at an average price of $8.72 per share, with a total value of $2,180,000.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Makaira Partners Llc also recently made the following trade(s):
- On Friday, February 16th, Makaira Partners Llc purchased 550,000 shares of Wesco Aircraft stock. The stock was acquired at an average price of $8.80 per share, with a total value of $4,840,000.00.
Shares of Wesco Aircraft Holdings Inc (NYSE:WAIR) opened at $8.90 on Friday. The company has a market capitalization of $885.76, a price-to-earnings ratio of -3.50, a P/E/G ratio of 1.11 and a beta of 0.58. The company has a current ratio of 3.93, a quick ratio of 1.11 and a debt-to-equity ratio of 1.21. Wesco Aircraft Holdings Inc has a 1 year low of $6.05 and a 1 year high of $12.53.
Large investors have recently added to or reduced their stakes in the business. MetLife Investment Advisors LLC bought a new stake in Wesco Aircraft during the fourth quarter valued at about $106,000. Huber Capital Management LLC bought a new stake in Wesco Aircraft during the third quarter valued at about $154,000. Teacher Retirement System of Texas bought a new stake in Wesco Aircraft during the fourth quarter valued at about $137,000. Metropolitan Life Insurance Co. NY bought a new stake in Wesco Aircraft during the fourth quarter valued at about $138,000. Finally, Two Sigma Advisers LP bought a new stake in Wesco Aircraft during the fourth quarter valued at about $161,000. 93.93% of the stock is owned by institutional investors and hedge funds.
WAIR has been the subject of several recent analyst reports. Deutsche Bank upgraded Wesco Aircraft from a “sell” rating to a “hold” rating and set a $7.50 price target for the company in a research note on Thursday, November 30th. Zacks Investment Research upgraded Wesco Aircraft from a “sell” rating to a “hold” rating in a research report on Tuesday, February 13th. ValuEngine upgraded Wesco Aircraft from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 1st. BidaskClub cut Wesco Aircraft from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 31st. Finally, Longbow Research began coverage on Wesco Aircraft in a research report on Thursday, January 4th. They set a “neutral” rating for the company. Seven investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Wesco Aircraft presently has an average rating of “Hold” and a consensus price target of $9.30.
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Wesco Aircraft 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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