Frontier Capital Management Co. LLC boosted its stake in shares of Wesco Aircraft Holdings Inc (NYSE:WAIR) by 5.5% in the first quarter, HoldingsChannel.com reports. The fund owned 6,801,039 shares of the aerospace company’s stock after purchasing an additional 352,835 shares during the period. Frontier Capital Management Co. LLC owned approximately 0.07% of Wesco Aircraft worth $59,781,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Alpha Windward LLC raised its position in Wesco Aircraft by 21.6% during the fourth quarter. Alpha Windward LLC now owns 49,380 shares of the aerospace company’s stock worth $390,000 after acquiring an additional 8,760 shares during the period. Morgan Stanley raised its position in Wesco Aircraft by 15.3% during the third quarter. Morgan Stanley now owns 157,470 shares of the aerospace company’s stock worth $1,772,000 after acquiring an additional 20,894 shares during the period. CWM Advisors LLC acquired a new position in Wesco Aircraft during the fourth quarter worth $81,000. Rhumbline Advisers raised its position in Wesco Aircraft by 44.3% during the fourth quarter. Rhumbline Advisers now owns 74,822 shares of the aerospace company’s stock worth $591,000 after acquiring an additional 22,954 shares during the period. Finally, Two Sigma Investments LP acquired a new position in Wesco Aircraft during the fourth quarter worth $287,000. Institutional investors own 90.44% of the company’s stock.
Wesco Aircraft stock opened at $10.23 on Friday. Wesco Aircraft Holdings Inc has a 52-week low of $7.38 and a 52-week high of $14.23. The firm has a market cap of $1.04 billion, a PE ratio of 13.64, a price-to-earnings-growth ratio of 1.03 and a beta of 0.59. The company has a quick ratio of 1.17, a current ratio of 3.97 and a debt-to-equity ratio of 1.08.
Wesco Aircraft (NYSE:WAIR) last released its earnings results on Thursday, May 2nd. The aerospace company reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.03. Wesco Aircraft had a net margin of 2.22% and a return on equity of 11.22%. The business had revenue of $426.47 million during the quarter, compared to analyst estimates of $414.99 million. During the same quarter in the prior year, the firm earned $0.22 earnings per share. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. Equities research analysts anticipate that Wesco Aircraft Holdings Inc will post 0.84 EPS for the current fiscal year.
A number of research firms have weighed in on WAIR. Zacks Investment Research restated a “buy” rating and set a $12.00 price objective on shares of Wesco Aircraft in a research report on Saturday, May 11th. Cowen reaffirmed a “hold” rating and set a $9.00 target price on shares of Wesco Aircraft in a report on Thursday, May 2nd. Finally, ValuEngine lowered shares of Wesco Aircraft from a “hold” rating to a “sell” rating in a report on Friday, March 1st.
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About Wesco Aircraft
Wesco Aircraft Holdings, Inc distributes aerospace products and provides supply chain management services to the aerospace industry in North America and internationally. Its services include distribution, supplier relationships management, quality assurance, kitting, just-in-time delivery, chemical management, third-party logistics or fourth-party logistics program, and point-of-use inventory management.
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