Makaira Partners Llc Acquires 250,000 Shares of Wesco Aircraft Holdings Inc (WAIR) Stock

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.

Wesco Aircraft (NYSE:WAIR) last posted its quarterly earnings data 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 firm had revenue of $363.10 million for the quarter, compared to analysts’ expectations of $346.96 million. Wesco Aircraft had a negative net margin of 17.26% and a positive return on equity of 7.42%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.19 EPS. equities analysts forecast that Wesco Aircraft Holdings Inc will post 0.67 EPS for the current year.

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.

Insider Buying and Selling by Quarter for Wesco Aircraft (NYSE:WAIR)

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