UBS Downgrades Wesco Aircraft Holdings Inc to Sell

Brokerage firm UBS Downgrades its rating on Wesco Aircraft Holdings Inc(NYSE:WAIR). The shares have been rated Sell. Previously, the analysts had a Neutral rating on the shares. The rating by UBS was issued on Sep 21, 2016.

In a different note, On Aug 5, 2016, Jefferies said it Maintains its rating on Wesco Aircraft Holdings Inc. In the research note, the firm Lowers the price-target to $12.00 per share. The shares have been rated ‘Underperform’ by the firm. On Jul 18, 2016, Jefferies said it Downgrades its rating on Wesco Aircraft Holdings Inc. In the research note, the firm Lowers the price-target to $14.00 per share. The shares have been rated ‘Underperform’ by the firm.

Wesco Aircraft Holdings Inc (WAIR) shares turned negative on Tuesdays trading session with the shares closing down -0.16 points or -1.20% at a volume of 1,55,202. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $13.43. The peak price level was also seen at $13.43 while the days lowest was $13.15. Finally the shares closed at $13.17. The 52-week high of the shares is $15.0749 while the 52-week low is $9.91. According to the latest information available, the market cap of the company is $1,299 M.

Wesco Aircraft Holdings Inc(WAIR) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $375.19M. Analysts had an estimated revenue of $381.12M. Earnings per share were $0.29. Analysts had estimated an EPS of $0.28.

Several Insider Transactions has been reported to the SEC. On Sep 7, 2016, Thomas Bancroft (director) purchased 150,000 shares at $13.85 per share price.Also, On Aug 23, 2016, David J. Castagnola (CEO) purchased 1,089 shares at $13.74 per share price.On Feb 26, 2015, Robert D Paulson (director) purchased 5,000 shares at $15.09 per share price, according to the Form-4 filing with the securities and exchange commission.

Wesco Aircraft Holdings Inc. formerly Wesco Holdings Inc. is a distributor and provider of supply chain management solutions to the global aerospace industry. The Company’s services range from traditional distribution to the management of supplier relationships quality assurance kitting just-in-time (JIT) delivery and point-of-use inventory management. The Company operates business through two segments which include North America and Rest of World. The Company supplies 575000 active stock-keeping units (SKUs) including hardware chemicals electronic components bearings tools and machined parts. The Company serves 8300 customers which includes commercial military and general aviation sectors including the original equipment manufacturers (OEMs) and their subcontractors. The Company also services industrial customers which include customers in the automotive energy pharmaceutical and electronics sectors.

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