The stock of Wesco Aircraft Holdings Inc (NYSE:WAIR) hit a new 52-week high and has $16.20 target or 8.00% above today’s $15.00 share price. The 5 months bullish chart indicates low risk for the $1.50 billion company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $16.20 price target is reached, the company will be worth $120.00M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock closed at $15 during the last session. It is up 2.88% since April 25, 2016 and is uptrending. It has underperformed by 3.13% the S&P500.
Analysts await Wesco Aircraft Holdings Inc (NYSE:WAIR) to report earnings on February, 2. They expect $0.26 EPS, up 4.00% or $0.01 from last year’s $0.25 per share. WAIR’s profit will be $26.00 million for 14.42 P/E if the $0.26 EPS becomes a reality. After $0.30 actual EPS 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. The rating was maintained by Rosenblatt on Tuesday, June 28 with “Neutral”. Citigroup maintained the shares of WAIR in a report on Friday, August 7 with “Buy” rating. Cowen & Co initiated the stock with “Market Perform” rating in Monday, August 31 report. The stock has “Underperform” rating given by Jefferies on Monday, July 18. As per Tuesday, October 27, the company rating was initiated 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.
Geode Capital Management Ltd Liability Company reported 383,295 shares or 0% of all its holdings. Eqis Cap Mngmt has 0.03% invested in the company for 29,731 shares. Fmr Lc, a Massachusetts-based fund reported 570,900 shares. Lsv Asset Management accumulated 0% or 55,753 shares. Weitz Invest Mgmt Incorporated has 1.42% invested in the company for 2.87M shares. Royal Financial Bank Of Canada last reported 0% of its portfolio in the stock. Moreover, Metropolitan Life Ins New York has 0% invested in Wesco Aircraft Holdings Inc (NYSE:WAIR) for 43,176 shares. Blackrock Advsrs Limited Liability Corporation holds 0% or 26,211 shares in its portfolio. Cwm Limited Liability has 0.32% invested in the company for 323,916 shares. The New York-based Tiaa Cref Inv has invested 0% in Wesco Aircraft Holdings Inc (NYSE:WAIR). Envestnet Asset Mngmt Inc accumulated 75,144 shares or 0% of the stock. Atria Invests Limited Co holds 11,250 shares or 0.02% of its portfolio. Moreover, Parametric Port Assoc Ltd Liability Corporation has 0.02% invested in Wesco Aircraft Holdings Inc (NYSE:WAIR) for 879,384 shares. Blackrock Invest Lc last reported 0% of its portfolio in the stock. Frontier Cap Mngmt Limited Liability has 3.38M shares for 0.37% of their US portfolio.
Insider Transactions: Since July 21, 2016, the stock had 3 buys, and 0 sales for $2.11 million net activity. Bancroft Thomas bought $2.08M worth of stock or 150,000 shares. Castagnola David J. bought $14,973 worth of stock or 1,126 shares.
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: “â€‹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 Companyâ€™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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