Dimensional Fund Advisors LP increased its stake in Wesco Aircraft Holdings Inc (NYSE:WAIR) by 6.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,125,501 shares of the company’s stock after buying an additional 177,575 shares during the period. Dimensional Fund Advisors LP’s holdings in Wesco Aircraft Holdings were worth $46,727,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Aperio Group LLC raised its position in shares of Wesco Aircraft Holdings by 9.2% in the third quarter. Aperio Group LLC now owns 13,125 shares of the company’s stock valued at $176,000 after buying an additional 1,105 shares in the last quarter. Cornercap Investment Counsel Inc. bought a new position in shares of Wesco Aircraft Holdings during the fourth quarter valued at about $233,000. Eqis Capital Management Inc. raised its position in shares of Wesco Aircraft Holdings by 2.7% in the third quarter. Eqis Capital Management Inc. now owns 30,534 shares of the company’s stock valued at $410,000 after buying an additional 803 shares in the last quarter. Oxford Asset Management bought a new position in shares of Wesco Aircraft Holdings during the fourth quarter valued at about $544,000. Finally, Virginia Retirement Systems ET AL raised its position in shares of Wesco Aircraft Holdings by 9.1% in the third quarter. Virginia Retirement Systems ET AL now owns 40,900 shares of the company’s stock valued at $549,000 after buying an additional 3,400 shares in the last quarter. 89.36% of the stock is owned by institutional investors and hedge funds.
Wesco Aircraft Holdings Inc (NYSE:WAIR) opened at 11.75 on Tuesday. Wesco Aircraft Holdings Inc has a 52-week low of $11.25 and a 52-week high of $15.77. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 13.84 and a beta of 0.93. The stock has a 50 day moving average price of $12.76 and a 200 day moving average price of $13.78.
Wesco Aircraft Holdings (NYSE:WAIR) last released its earnings results on Tuesday, February 7th. The company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by $0.06. The business had revenue of $339.40 million for the quarter, compared to analysts’ expectations of $358.57 million. Wesco Aircraft Holdings had a net margin of 5.76% and a return on equity of 12.02%. The business’s quarterly revenue was down 5.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.25 earnings per share. Equities research analysts forecast that Wesco Aircraft Holdings Inc will post $1.12 earnings per share for the current year.
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Several research analysts recently issued reports on the company. Zacks Investment Research lowered Wesco Aircraft Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, February 2nd. Deutsche Bank AG raised their target price on Wesco Aircraft Holdings from $11.00 to $12.00 and gave the stock a “sell” rating in a research report on Monday, December 5th. Finally, SunTrust Banks, Inc. assumed coverage on Wesco Aircraft Holdings in a research report on Thursday, January 19th. They set a “buy” rating and a $18.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $15.00.
In other Wesco Aircraft Holdings news, COO Alex Murray bought 8,545 shares of Wesco Aircraft Holdings stock in a transaction dated Monday, March 6th. The stock was bought at an average cost of $11.66 per share, for a total transaction of $99,634.70. Following the purchase, the chief operating officer now owns 113,932 shares in the company, valued at approximately $1,328,447.12. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 10.30% of the company’s stock.
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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