Pzena Investment Management LLC trimmed its holdings in shares of Wesco Aircraft Holdings Inc (NYSE:WAIR) by 3.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,378,243 shares of the aerospace company’s stock after selling 52,151 shares during the period. Pzena Investment Management LLC’s holdings in Wesco Aircraft were worth $12,115,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Quantamental Technologies LLC bought a new stake in Wesco Aircraft in the fourth quarter valued at approximately $64,000. CWM Advisors LLC bought a new stake in Wesco Aircraft in the fourth quarter valued at approximately $81,000. BNP Paribas Arbitrage SA increased its stake in Wesco Aircraft by 191.7% in the first quarter. BNP Paribas Arbitrage SA now owns 12,564 shares of the aerospace company’s stock valued at $110,000 after purchasing an additional 8,257 shares in the last quarter. United Services Automobile Association increased its stake in Wesco Aircraft by 10.7% in the fourth quarter. United Services Automobile Association now owns 16,559 shares of the aerospace company’s stock valued at $131,000 after purchasing an additional 1,599 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its stake in Wesco Aircraft by 404.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 18,649 shares of the aerospace company’s stock valued at $147,000 after purchasing an additional 14,955 shares in the last quarter. 90.15% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have commented on the stock. ValuEngine downgraded shares of Wesco Aircraft from a “hold” rating to a “sell” rating in a research note on Friday, March 1st. Cowen reaffirmed a “hold” rating and issued a $9.00 target price on shares of Wesco Aircraft in a research note on Thursday, May 2nd. Finally, Zacks Investment Research raised shares of Wesco Aircraft from a “hold” rating to a “buy” rating and set a $9.50 target price for the company in a research note on Friday, April 12th.
Wesco Aircraft (NYSE:WAIR) last issued its earnings results on Thursday, May 2nd. The aerospace company reported $0.23 EPS for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $426.47 million during the quarter, compared to the consensus estimate of $414.99 million. During the same quarter in the prior year, the firm earned $0.22 earnings per share. The business’s quarterly revenue was up 9.3% on a year-over-year basis. On average, research analysts anticipate that Wesco Aircraft Holdings Inc will post 0.84 EPS for the current year.
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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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