Wesco Aircraft Holdings Inc. (WAIR) Shares Sold by Neuberger Berman Group LLC
Neuberger Berman Group LLC reduced its stake in shares of Wesco Aircraft Holdings Inc. (NYSE:WAIR) by 0.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,546,301 shares of the company’s stock after selling 33,074 shares during the period. Neuberger Berman Group LLC’s holdings in Wesco Aircraft Holdings were worth $61,057,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in WAIR. Aperio Group LLC boosted its position in Wesco Aircraft Holdings by 9.2% in the third quarter. Aperio Group LLC now owns 13,125 shares of the company’s stock worth $176,000 after buying an additional 1,105 shares during the period. Virginia Retirement Systems ET AL boosted its position in 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 worth $549,000 after buying an additional 3,400 shares during the period. Eqis Capital Management Inc. boosted its position in Wesco Aircraft Holdings by 2.7% in the third quarter. Eqis Capital Management Inc. now owns 30,534 shares of the company’s stock worth $410,000 after buying an additional 803 shares during the period. Royal Bank of Canada boosted its position in Wesco Aircraft Holdings by 4.7% in the second quarter. Royal Bank of Canada now owns 473,663 shares of the company’s stock worth $6,357,000 after buying an additional 21,125 shares during the period. Finally, Cove Street Capital LLC boosted its position in Wesco Aircraft Holdings by 46.2% in the second quarter. Cove Street Capital LLC now owns 1,299,204 shares of the company’s stock worth $17,435,000 after buying an additional 410,818 shares during the period. Institutional investors and hedge funds own 89.10% of the company’s stock.
Shares of Wesco Aircraft Holdings Inc. (NYSE:WAIR) opened at 14.75 on Thursday. The stock’s 50 day moving average is $13.37 and its 200 day moving average is $13.62. Wesco Aircraft Holdings Inc. has a 12 month low of $9.91 and a 12 month high of $15.30. The firm has a market cap of $1.45 billion, a P/E ratio of 15.86 and a beta of 0.80.
Wesco Aircraft Holdings (NYSE:WAIR) last issued its quarterly earnings data on Thursday, November 17th. The company reported $0.30 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.30. Wesco Aircraft Holdings had a return on equity of 12.88% and a net margin of 6.19%. The company earned $365.60 million during the quarter. During the same period in the previous year, the firm posted $0.27 EPS. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. Equities research analysts expect that Wesco Aircraft Holdings Inc. will post $1.12 EPS for the current year.
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A number of research analysts recently issued reports on WAIR shares. KeyCorp reiterated a “hold” rating on shares of Wesco Aircraft Holdings in a report on Wednesday, September 28th. Rosenblatt Securities raised shares of Wesco Aircraft Holdings from a “neutral” rating to a “buy” rating and set a $17.00 target price for the company in a research report on Friday, October 7th. Zacks Investment Research downgraded shares of Wesco Aircraft Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, October 6th. Finally, Jefferies Group set a $12.00 target price on shares of Wesco Aircraft Holdings and gave the company a “sell” rating in a research report on Saturday, November 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $15.00.
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’s services range from traditional distribution to the management of supplier relationships, quality assurance, kitting, just-in-time (JIT) delivery and point-of-use inventory management.
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