WESCO International, Inc. (NYSE:WCC) Given Average Recommendation of “Buy” by Analysts

Shares of WESCO International, Inc. (NYSE:WCC) have been given an average recommendation of “Buy” by the nine research firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $215.88.

WCC has been the topic of a number of recent analyst reports. KeyCorp increased their price objective on shares of WESCO International from $225.00 to $245.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Loop Capital raised their price target on WESCO International from $190.00 to $210.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Jefferies Financial Group upped their price objective on WESCO International from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Royal Bank of Canada increased their target price on WESCO International from $186.00 to $199.00 and gave the stock a “sector perform” rating in a research note on Friday, November 1st. Finally, Baird R W raised shares of WESCO International from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th.

Insider Buying and Selling at WESCO International

In other news, CFO David S. Schulz sold 14,938 shares of WESCO International stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $206.55, for a total value of $3,085,443.90. Following the transaction, the chief financial officer now directly owns 104,471 shares in the company, valued at approximately $21,578,485.05. This trade represents a 12.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP William Clayton Geary sold 2,829 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $205.73, for a total value of $582,010.17. Following the completion of the transaction, the executive vice president now directly owns 35,063 shares of the company’s stock, valued at approximately $7,213,510.99. The trade was a 7.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,767 shares of company stock valued at $5,567,454. Company insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of WCC. V Square Quantitative Management LLC purchased a new stake in WESCO International during the third quarter valued at approximately $28,000. GAMMA Investing LLC increased its position in shares of WESCO International by 25.0% during the fourth quarter. GAMMA Investing LLC now owns 375 shares of the technology company’s stock worth $68,000 after purchasing an additional 75 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of WESCO International by 18.3% during the 3rd quarter. UMB Bank n.a. now owns 633 shares of the technology company’s stock valued at $106,000 after purchasing an additional 98 shares during the last quarter. Highland Capital Management LLC acquired a new stake in shares of WESCO International in the 3rd quarter worth $221,000. Finally, Innealta Capital LLC grew its stake in WESCO International by 68.0% during the 3rd quarter. Innealta Capital LLC now owns 1,606 shares of the technology company’s stock worth $270,000 after buying an additional 650 shares during the last quarter. Hedge funds and other institutional investors own 93.76% of the company’s stock.

WESCO International Stock Up 3.9 %

WCC opened at $188.90 on Wednesday. The company has a market capitalization of $9.26 billion, a PE ratio of 15.12, a price-to-earnings-growth ratio of 1.55 and a beta of 2.02. The firm has a 50-day simple moving average of $195.08 and a two-hundred day simple moving average of $176.03. The company has a quick ratio of 1.29, a current ratio of 2.21 and a debt-to-equity ratio of 0.99. WESCO International has a 52 week low of $132.37 and a 52 week high of $216.17.

WESCO International (NYSE:WCC) last posted its earnings results on Thursday, October 31st. The technology company reported $3.58 earnings per share for the quarter, topping analysts’ consensus estimates of $3.22 by $0.36. The firm had revenue of $5.49 billion for the quarter, compared to the consensus estimate of $5.46 billion. WESCO International had a net margin of 3.19% and a return on equity of 13.19%. The business’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period in the previous year, the firm posted $4.49 EPS. Analysts forecast that WESCO International will post 12.3 earnings per share for the current fiscal year.

WESCO International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a $0.4125 dividend. This represents a $1.65 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend was Friday, December 13th. WESCO International’s dividend payout ratio (DPR) is presently 13.21%.

About WESCO International

WESCO International, Inc provides business-to-business distribution, logistics services, and supply chain solutions in the United States, Canada, and internationally. It operates through three segments: Electrical & Electronic Solutions (EES), Communications & Security Solutions (CSS), and Utility and Broadband Solutions (UBS).