Makaira Partners buys $113.5 Million stake in Wesco Aircraft Holdings Inc (WAIR)

Wesco Aircraft Holdings Inc (WAIR) : Makaira Partners scooped up 421,741 additional shares in Wesco Aircraft Holdings Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 8,018,950 shares of Wesco Aircraft Holdings Inc which is valued at $113.5 Million.Wesco Aircraft Holdings Inc makes up approximately 18.32% of Makaira Partners’s portfolio.

Other Hedge Funds, Including , Dreman Value Management L L C added WAIR to its portfolio by purchasing 680 company shares during the most recent quarter which is valued at $9,629.Snow Capital Management Lp reduced its stake in WAIR by selling 563,369 shares or 14.85% in the most recent quarter. The Hedge Fund company now holds 3,229,171 shares of WAIR which is valued at $45.7 Million. Wesco Aircraft Holdings Inc makes up approx 2.06% of Snow Capital Management Lp’s portfolio.Teacher Retirement System Of Texas boosted its stake in WAIR in the latest quarter, The investment management firm added 2,230 additional shares and now holds a total of 8,413 shares of Wesco Aircraft Holdings Inc which is valued at $119,128.Neuberger Berman Group boosted its stake in WAIR in the latest quarter, The investment management firm added 131,849 additional shares and now holds a total of 4,553,451 shares of Wesco Aircraft Holdings Inc which is valued at $65.1 Million. Wesco Aircraft Holdings Inc makes up approx 0.09% of Neuberger Berman Group’s portfolio.

Wesco Aircraft Holdings Inc opened for trading at $14.38 and hit $14.5 on the upside on Wednesday, eventually ending the session at $14.4, with a gain of 1.12% or 0.16 points. The heightened volatility saw the trading volume jump to 4,68,623 shares. Company has a market cap of $1,419 M.

On the company’s financial health, Wesco Aircraft Holdings Inc reported $0.29 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.27. The company had revenue of $376.70 million for the quarter, compared to analysts expectations of $377.16 million. The company’s revenue was down -2.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.29 EPS.

Many Wall Street Analysts have commented on Wesco Aircraft Holdings Inc. Company shares were Reiterated by Rosenblatt on Apr 4, 2016 to “Neutral”, Firm has raised the Price Target to $ 13 from a previous price target of $11 .

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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