Institutional Investors Lead Shift in Wesco Aircraft Holdings Inc (NYSE:WAIR) Sentiment

April 17, 2018 - By Vivian Currie

Sentiment for Wesco Aircraft Holdings Inc (NYSE:WAIR)

Wesco Aircraft Holdings Inc (NYSE:WAIR) institutional sentiment decreased to 1.27 in Q4 2017. Its down -0.15, from 1.42 in 2017Q3. The ratio worsened, as 52 hedge funds opened new and increased positions, while 41 reduced and sold equity positions in Wesco Aircraft Holdings Inc. The hedge funds in our partner’s database now possess: 86.90 million shares, down from 93.39 million shares in 2017Q3. Also, the number of hedge funds holding Wesco Aircraft Holdings Inc in their top 10 positions decreased from 4 to 3 for a decrease of 1. Sold All: 12 Reduced: 29 Increased: 26 New Position: 26.

Wesco Aircraft Holdings, Inc. distributes aerospace bearing products and provides supply chain management services to the aerospace industry in the North America and internationally. The company has market cap of $1.06 billion. The Company’s services comprise traditional distribution, management of supplier relationships, quality assurance, kitting, just-in-time delivery, and point-of-use inventory management. It currently has negative earnings. The firm supplies approximately 575,000 active stock-keeping units, including hardware, chemicals, electronic components, bearings, tools, and machined parts.

The stock increased 0.47% or $0.05 during the last trading session, reaching $10.65. About 132,160 shares traded. Wesco Aircraft Holdings, Inc. (NYSE:WAIR) has declined 7.62% since April 17, 2017 and is downtrending. It has underperformed by 19.17% the S&P500.

Analysts await Wesco Aircraft Holdings, Inc. (NYSE:WAIR) to report earnings on May, 8. They expect $0.17 earnings per share, down 19.05 % or $0.04 from last year’s $0.21 per share. WAIR’s profit will be $16.92 million for 15.66 P/E if the $0.17 EPS becomes a reality. After $0.15 actual earnings per share reported by Wesco Aircraft Holdings, Inc. for the previous quarter, Wall Street now forecasts 13.33 % EPS growth.

Carlyle Group L.P. holds 11.72% of its portfolio in Wesco Aircraft Holdings, Inc. for 23.10 million shares. Makaira Partners Llc owns 10.17 million shares or 9.07% of their US portfolio. Moreover, Cove Street Capital Llc has 4.16% invested in the company for 5.21 million shares. The Nebraska-based Weitz Investment Management Inc. has invested 0.92% in the stock. Rutabaga Capital Management Llc Ma, a Massachusetts-based fund reported 451,019 shares.#img1#

Since January 1, 0001, it had 2 buys, and 0 sales for $5.62 million activity.

Wesco Aircraft Holdings, Inc. (NYSE:WAIR) Ratings Coverage

Ratings analysis reveals 0 of Wesco Aircraft’s analysts are positive. Out of 4 Wall Street analysts rating Wesco Aircraft, 0 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $7.0 while the high is $11. The stock’s average target of $10 is -6.10% below today’s ($10.65) share price. WAIR was included in 4 notes of analysts from October 19, 2017. The rating was maintained by Citigroup with “Neutral” on Tuesday, April 10. The rating was maintained by Cowen & Co on Thursday, October 19 with “Hold”. On Thursday, November 30 the stock rating was upgraded by Deutsche Bank to “Hold”.

Wesco Aircraft Holdings, Inc. (NYSE:WAIR) Institutional Positions Chart

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