Wesco Aircraft Holdings Inc (WAIR) Holdings Lifted by Bank of America Corp DE

Bank of America Corp DE raised its holdings in shares of Wesco Aircraft Holdings Inc (NYSE:WAIR) by 14.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 189,669 shares of the aerospace company’s stock after buying an additional 23,745 shares during the period. Bank of America Corp DE’s holdings in Wesco Aircraft were worth $2,134,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Huber Capital Management LLC raised its position in shares of Wesco Aircraft by 410.5% during the 2nd quarter. Huber Capital Management LLC now owns 598,960 shares of the aerospace company’s stock worth $6,738,000 after purchasing an additional 481,621 shares during the last quarter. Citadel Advisors LLC raised its holdings in Wesco Aircraft by 96.2% in the 2nd quarter. Citadel Advisors LLC now owns 83,623 shares of the aerospace company’s stock valued at $940,000 after acquiring an additional 41,010 shares during the last quarter. FMR LLC acquired a new stake in Wesco Aircraft in the 2nd quarter valued at about $34,957,000. Dimensional Fund Advisors LP raised its holdings in Wesco Aircraft by 7.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,688,417 shares of the aerospace company’s stock valued at $63,995,000 after acquiring an additional 386,922 shares during the last quarter. Finally, Royce & Associates LP raised its holdings in Wesco Aircraft by 2.2% in the 2nd quarter. Royce & Associates LP now owns 3,050,257 shares of the aerospace company’s stock valued at $34,315,000 after acquiring an additional 64,700 shares during the last quarter. Institutional investors and hedge funds own 90.56% of the company’s stock.

WAIR has been the subject of a number of recent research reports. ValuEngine upgraded shares of Wesco Aircraft from a “hold” rating to a “buy” rating in a report on Thursday, August 2nd. UBS Group initiated coverage on shares of Wesco Aircraft in a report on Wednesday, August 15th. They issued a “sell” rating and a $11.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. Wesco Aircraft has a consensus rating of “Hold” and an average target price of $9.70.

WAIR stock opened at $11.01 on Friday. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 18.66, a price-to-earnings-growth ratio of 0.97 and a beta of 0.33. The company has a debt-to-equity ratio of 1.14, a current ratio of 3.61 and a quick ratio of 1.05. Wesco Aircraft Holdings Inc has a 12 month low of $6.05 and a 12 month high of $14.23.

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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 the North America and internationally. Its services comprise traditional distribution, management of supplier relationships, quality assurance, kitting, just-in-time delivery, chemical management services, third-party logistics or fourth-party logistics programs, and point-of-use inventory management.

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Institutional Ownership by Quarter for Wesco Aircraft (NYSE:WAIR)

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