Wesco Aircraft Holdings, Inc (WAIR): Thomas Bancroft , director of Wesco Aircraft Holdings, Inc purchased 6,358 shares on May 10, 2016. The Insider buying transaction was reported by the company on May 12, 2016 to the Securities and Exchange Commission. The shares were purchased at $14.32 per share for a total value of $91,079.62 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 22, 2016, David J. Castagnola (CEO) purchased 1,000 shares at $14.97 per share price.On Dec 1, 2015, Thomas Bancroft (director) purchased 41,632 shares at $13.00 per share price.Also, On Feb 26, 2015, Robert D Paulson (director) purchased 5,000 shares at $15.09 per share price.
Wesco Aircraft Holdings Inc: On Tuesday, May 10, 2016 heightened volatility was witnessed in Wesco Aircraft Holdings Inc which led to swings in the share price. The shares opened for trading at $14.01 and hit $14.425 on the upside , eventually ending the session at $14.28, with a gain of 2.96% or 0.41 points. The heightened volatility saw the trading volume jump to 4,92,860 shares. The 52-week high of the share price is $16.51 and the company has a market cap of $1,408 M . The 52-week low of the share price is at $9.91.
Company has been under the radar of several Street Analysts.Wesco Aircraft Holdings Inc is Reiterated by Rosenblatt to Neutral and the brokerage firm has raised the Price Target to $ 13 from a previous price target of $11 .The Rating was issued on Apr 4, 2016.
Wesco Aircraft Holdings Inc. formerly Wesco Holdings Inc. is a distributor and provider of supply chain management solutions to the global aerospace industry. The Companys 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.