Is there a Bearish outlook for Wesco Aircraft Holdings Inc (NYSE:WAIR) this week?

August 24, 2017 - By Hazel Jackson

 Is there a Bearish outlook for Wesco Aircraft Holdings Inc (NYSE:WAIR) this week?
Investors sentiment increased to 1.42 in Q4 2016. Its up 0.58, from 0.84 in 2016Q3. It increased, as 7 investors sold Wesco Aircraft Holdings Inc shares while 38 reduced holdings. 24 funds opened positions while 40 raised stakes. 86.56 million shares or 0.64% less from 87.11 million shares in 2016Q3 were reported.
Royal Financial Bank Of Canada holds 444,655 shares. Pnc Financial Ser Gp Inc stated it has 3.00M shares or 0.05% of all its holdings. Susquehanna Interest Gp Limited Liability Partnership accumulated 113,186 shares. Great West Life Assurance Can owns 0% invested in Wesco Aircraft Holdings Inc (NYSE:WAIR) for 8,402 shares. Hsbc Public Ltd Com stated it has 13,387 shares. Jpmorgan Chase & Co owns 64,431 shares. Federated Investors Pa stated it has 91,709 shares. Metropolitan Life New York holds 41,530 shares or 0% of its portfolio. 13,158 are owned by Blackrock. Ny State Common Retirement Fund invested 0% in Wesco Aircraft Holdings Inc (NYSE:WAIR). Invesco Ltd holds 0% in Wesco Aircraft Holdings Inc (NYSE:WAIR) or 89,276 shares. Snow Capital Mngmt Ltd Partnership holds 2.15M shares or 1.45% of its portfolio. Moreover, Principal Gru Inc has 0% invested in Wesco Aircraft Holdings Inc (NYSE:WAIR). Alliancebernstein Limited Partnership accumulated 1.57M shares. Bluecrest Limited reported 0.01% in Wesco Aircraft Holdings Inc (NYSE:WAIR).

Since March 6, 2017, it had 4 buys, and 1 sale for $12.64 million activity. The insider Murray Alex bought 8,545 shares worth $99,603. Bancroft Thomas bought 150,000 shares worth $1.42M. PAULSON ROBERT D had sold 1,890 shares worth $21,782.

Wesco Aircraft Holdings Inc (NYSE:WAIR) Ratings Coverage

Among 8 analysts covering Wesco Aircraft Holdings (NYSE:WAIR), 2 have Buy rating, 1 Sell and 5 Hold. Therefore 25% are positive. Wesco Aircraft Holdings had 23 analyst reports since August 7, 2015 according to SRatingsIntel. On Tuesday, October 27 the stock rating was initiated by Rosenblatt with “Neutral”. Suntrust Robinson initiated it with “Buy” rating and $18 target in Thursday, January 19 report. On Monday, December 5 the stock rating was maintained by Deutsche Bank with “Sell”. The stock has “Hold” rating by Cowen & Co on Monday, July 17. SunTrust initiated it with “Buy” rating and $18 target in Thursday, January 19 report. The stock of Wesco Aircraft Holdings Inc (NYSE:WAIR) earned “Buy” rating by Citigroup on Friday, August 7. The rating was initiated by Cowen & Co on Monday, August 31 with “Market Perform”. As per Friday, November 20, the company rating was maintained by RBC Capital Markets. The firm has “Neutral” rating by Rosenblatt given on Tuesday, June 28. The rating was downgraded by Citigroup on Monday, May 1 to “Neutral”. Below is a list of Wesco Aircraft Holdings Inc (NYSE:WAIR) latest ratings and price target changes.

09/08/2017 Broker: Cowen & Co Rating: Hold Maintain
21/07/2017 Broker: Jefferies Rating: Hold New Target: $9.0000 Maintain
17/07/2017 Broker: Cowen & Co Rating: Hold New Target: $9.0000 Maintain
16/06/2017 Broker: Jefferies Rating: Hold New Target: $9.0000 Maintain
15/05/2017 Broker: Jefferies Old Rating: Underperform New Rating: Hold Upgrade
11/05/2017 Broker: Jefferies Rating: Underperform Old Target: $11.00 New Target: $8.00 Target Up
01/05/2017 Broker: Citigroup Old Rating: Buy New Rating: Neutral Downgrade
19/04/2017 Broker: Jefferies Rating: Sell New Target: $13.00 Maintain

About 71,959 shares traded. Wesco Aircraft Holdings Inc (NYSE:WAIR) has declined 35.60% since August 24, 2016 and is downtrending. It has underperformed by 52.30% the S&P500.

Wesco Aircraft Holdings, Inc. is a distributor and well-known provider of supply chain management services to the global aerospace industry. The company has market cap of $794.15 million. The Firm operates through two divisions: North America and Rest of World. It currently has negative earnings. As of September 30, 2016, the Company supplied over 565,000 active stock-keeping units , including C-class hardware, chemicals, electronic components, bearings, tools and machined parts.

More notable recent Wesco Aircraft Holdings Inc (NYSE:WAIR) news were published by: Globenewswire.com which released: “Wesco Aircraft Holdings Reports Fiscal 2017 Third Quarter Results” on August 08, 2017, also Globenewswire.com with their article: “Wesco Aircraft Renews Multi-Year Agreement With Lockheed Martin” published on March 07, 2017, Fool.com published: “Why Intra-Cellular Therapies, Wesco Aircraft Holdings, and Radius Health …” on May 01, 2017. More interesting news about Wesco Aircraft Holdings Inc (NYSE:WAIR) were released by: Seekingalpha.com and their article: “Wesco Aircraft Holdings’ (WAIR) CEO Thomas Renehan on Q3 2017 Results …” published on August 12, 2017 as well as Reuters.com‘s news article titled: “BRIEF-Wesco Aircraft names Todd Renehan CEO” with publication date: April 28, 2017.

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