Northern Trust Corp cut its stake in Wesco Aircraft Holdings Inc (NYSE:WAIR) by 1.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 736,141 shares of the aerospace company’s stock after selling 10,809 shares during the quarter. Northern Trust Corp owned about 0.74% of Wesco Aircraft worth $5,816,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of WAIR. Quantamental Technologies LLC purchased a new position in shares of Wesco Aircraft in the 4th quarter valued at about $64,000. CWM Advisors LLC purchased a new position in shares of Wesco Aircraft in the 4th quarter valued at about $81,000. Mackenzie Financial Corp purchased a new position in shares of Wesco Aircraft in the 3rd quarter valued at about $130,000. SG Americas Securities LLC purchased a new position in shares of Wesco Aircraft in the 3rd quarter valued at about $139,000. Finally, United Services Automobile Association purchased a new position in shares of Wesco Aircraft in the 3rd quarter valued at about $168,000. 90.15% of the stock is owned by hedge funds and other institutional investors.
WAIR traded down $0.16 during trading hours on Friday, reaching $10.04. The company’s stock had a trading volume of 266,530 shares, compared to its average volume of 524,597. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.07 and a current ratio of 3.97. Wesco Aircraft Holdings Inc has a fifty-two week low of $7.38 and a fifty-two week high of $14.23. The stock has a market capitalization of $1.02 billion, a PE ratio of 13.39, a P/E/G ratio of 1.01 and a beta of 0.59.
Several research analysts have recently weighed in on the company. Cowen restated a “hold” rating and set a $9.00 target price on shares of Wesco Aircraft in a report on Wednesday, February 13th. Zacks Investment Research cut Wesco Aircraft from a “buy” rating to a “hold” rating in a report on Thursday, April 18th. Finally, ValuEngine upgraded Wesco Aircraft from a “sell” rating to a “hold” rating in a report on Saturday, May 4th.
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Wesco Aircraft Company Profile
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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