Stock On Watch: What’s Propelling Wesco Aircraft Holdings Inc to Increase So Much?

Stock On Watch: What's Propelling Wesco Aircraft Holdings Inc to Increase So Much?

The stock of Wesco Aircraft Holdings Inc (NYSE:WAIR) is a huge mover today! The stock increased 3.87% or $0.55 on November 23, hitting $14.75. About 340,240 shares traded hands. Wesco Aircraft Holdings Inc (NYSE:WAIR) has declined 0.27% since April 22, 2016 and is downtrending. It has underperformed by 5.68% the S&P500.
The move comes after 7 months positive chart setup for the $1.48 billion company. It was reported on Nov, 24 by Barchart.com. We have $16.08 PT which if reached, will make NYSE:WAIR worth $133.20 million more.

Analysts await Wesco Aircraft Holdings Inc (NYSE:WAIR) to report earnings on February, 2. They expect $0.26 earnings per share, up 4.00% or $0.01 from last year’s $0.25 per share. WAIR’s profit will be $26.09 million for 14.18 P/E if the $0.26 EPS becomes a reality. After $0.30 actual earnings per share reported by Wesco Aircraft Holdings Inc for the previous quarter, Wall Street now forecasts -13.33% negative EPS growth.

Wesco Aircraft Holdings Inc (NYSE:WAIR) Ratings Coverage

Out of 6 analysts covering Wesco Aircraft Holdings (NYSE:WAIR), 1 rate it a “Buy”, 2 “Sell”, while 3 “Hold”. This means 17% are positive. Wesco Aircraft Holdings has been the topic of 12 analyst reports since August 7, 2015 according to StockzIntelligence Inc. As per Monday, August 31, the company rating was initiated by Cowen & Co. The firm has “Buy” rating by Citigroup given on Friday, August 7. The stock has “Neutral” rating given by Rosenblatt on Tuesday, October 27. The firm has “Underperform” rating given on Monday, July 18 by Jefferies. As per Tuesday, June 28, the company rating was maintained by Rosenblatt. The stock has “Sector Perform” rating given by RBC Capital Markets on Friday, November 20.

According to Zacks Investment Research, “Wesco Aircraft Holdings, Inc. distributes and provides supply chain management services to the global aerospace industry. It offers inventory of aerospace parts, including hardware, bearings, tools, electronic components and machined parts. The Company’s services range from traditional distribution to the management of supplier relationships, quality assurance, kitting, just-in-time delivery and point-of-use inventory management. Wesco Aircraft Holdings, Inc. is headquartered in Valencia, California.”

Insitutional Activity: The institutional sentiment increased to 0.84 in Q2 2016. Its up 0.20, from 0.64 in 2016Q1. The ratio is positive, as 18 funds sold all Wesco Aircraft Holdings Inc shares owned while 51 reduced positions. 16 funds bought stakes while 28 increased positions. They now own 85.60 million shares or 1.81% less from 87.18 million shares in 2016Q1.
Ny State Common Retirement Fund last reported 59,800 shares in the company. Bank Of America De accumulated 944,064 shares or 0% of the stock. Zurcher Kantonalbank (Zurich Cantonalbank), a Switzerland-based fund reported 1,666 shares. Vanguard Grp Inc Inc has 0% invested in the company for 3.88 million shares. Ameriprise Fin Incorporated holds 0% of its portfolio in Wesco Aircraft Holdings Inc (NYSE:WAIR) for 457,901 shares. Moreover, Invesco Limited has 0% invested in Wesco Aircraft Holdings Inc (NYSE:WAIR) for 71,303 shares. Janney Montgomery Scott Limited last reported 13,537 shares in the company. Panagora Asset Management holds 0% or 37,010 shares in its portfolio. Amica Pension Fund Board Of Trustees has 192,664 shares for 0.34% of their US portfolio. Lsv Asset Mngmt last reported 55,753 shares in the company. Moreover, Legal General Group Incorporated Plc has 0% invested in Wesco Aircraft Holdings Inc (NYSE:WAIR) for 19,396 shares. Moreover, Metropolitan Life Communications has 0% invested in Wesco Aircraft Holdings Inc (NYSE:WAIR) for 43,176 shares. State Board Of Administration Of Florida Retirement holds 17,869 shares or 0% of its portfolio. Teacher Retirement Sys Of Texas has invested 0% of its portfolio in Wesco Aircraft Holdings Inc (NYSE:WAIR). Citigroup Inc reported 87,336 shares or 0% of all its holdings.

Insider Transactions: Since July 21, 2016, the stock had 3 insider buys, and 0 sales for $2.11 million net activity. Castagnola David J. had bought 1,126 shares worth $14,973 on Thursday, July 21. 150,000 shares were bought by Bancroft Thomas, worth $2.08 million.

More important recent Wesco Aircraft Holdings Inc (NYSE:WAIR) news were published by: Quotes.Wsj.com which released: “News Wesco Aircraft Holdings Inc.WAIR” on July 27, 2011, also Businesswire.com published article titled: “Wesco Aircraft Holdings to Acquire Haas Group Inc.; Provides Preliminary …”, Bizjournals.com published: “​Wesco Aircraft names new CEO” on April 07, 2015. More interesting news about Wesco Aircraft Holdings Inc (NYSE:WAIR) was released by: Globenewswire.com and their article: “Wesco Aircraft Holdings Reports Fiscal 2016 Third Quarter Results” with publication date: August 04, 2016.

WAIR Company Profile

Wesco Aircraft Holdings, Inc., formerly Wesco Holdings, Inc., incorporated on July 21, 2006, is a distributor and well-known provider of supply chain management solutions 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. The Firm operates business through two divisions, which include North America and Rest of World.

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