WESCO International (NYSE:WCC) PT Lowered to $172.00

WESCO International (NYSE:WCC - Get Free Report) had its price target dropped by analysts at Royal Bank of Canada from $176.00 to $172.00 in a report released on Friday, Benzinga reports. The firm presently has a "sector perform" rating on the technology company's stock. Royal Bank of Canada's price objective indicates a potential upside of 2.56% from the company's current price.

Several other research firms also recently issued reports on WCC. KeyCorp lifted their price objective on WESCO International from $165.00 to $190.00 and gave the stock an "overweight" rating in a report on Thursday, April 11th. JPMorgan Chase & Co. decreased their price objective on shares of WESCO International from $180.00 to $175.00 and set an "overweight" rating for the company in a report on Friday, March 15th. StockNews.com lowered shares of WESCO International from a "buy" rating to a "hold" rating in a research note on Wednesday, February 14th. Robert W. Baird decreased their price target on WESCO International from $203.00 to $170.00 and set an "outperform" rating for the company in a research note on Wednesday, February 14th. Finally, Oppenheimer upped their price objective on WESCO International from $190.00 to $200.00 and gave the company an "outperform" rating in a research note on Friday. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $188.67.

WESCO International Trading Up 1.6 %

WESCO International stock traded up $2.62 during trading on Friday, hitting $167.70. The company's stock had a trading volume of 754,877 shares, compared to its average volume of 609,629. The stock's fifty day moving average is $160.82 and its 200 day moving average is $159.55. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.42 and a current ratio of 2.48. WESCO International has a 1-year low of $121.90 and a 1-year high of $195.43. The stock has a market capitalization of $8.54 billion, a price-to-earnings ratio of 12.39, a P/E/G ratio of 1.09 and a beta of 2.07.

WESCO International (NYSE:WCC - Get Free Report) last released its earnings results on Thursday, May 2nd. The technology company reported $2.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.43 by ($0.13). The company had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.30 billion. WESCO International had a return on equity of 17.01% and a net margin of 3.42%. WESCO International's revenue was down 3.1% on a year-over-year basis. During the same period in the prior year, the business posted $3.75 earnings per share. As a group, equities research analysts predict that WESCO International will post 14.14 EPS for the current year.

Insider Activity

In other news, EVP Nelson John Squires III sold 3,490 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $190.00, for a total transaction of $663,100.00. Following the completion of the sale, the executive vice president now owns 54,385 shares in the company, valued at approximately $10,333,150. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP James Cameron sold 5,352 shares of the company's stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $156.39, for a total value of $836,999.28. Following the transaction, the executive vice president now owns 33,595 shares in the company, valued at approximately $5,253,922.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Nelson John Squires III sold 3,490 shares of WESCO International stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $190.00, for a total value of $663,100.00. Following the sale, the executive vice president now owns 54,385 shares of the company's stock, valued at $10,333,150. The disclosure for this sale can be found here. 3.10% of the stock is owned by insiders.

Institutional Trading of WESCO International

A number of institutional investors have recently added to or reduced their stakes in WCC. AEGON ASSET MANAGEMENT UK Plc bought a new position in shares of WESCO International during the 4th quarter valued at $2,256,000. Amalgamated Bank raised its holdings in WESCO International by 16.1% in the 3rd quarter. Amalgamated Bank now owns 34,221 shares of the technology company's stock valued at $4,922,000 after acquiring an additional 4,733 shares in the last quarter. Thompson Siegel & Walmsley LLC lifted its position in shares of WESCO International by 2.6% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 54,985 shares of the technology company's stock worth $7,908,000 after acquiring an additional 1,390 shares during the period. Van ECK Associates Corp increased its position in shares of WESCO International by 119.7% during the third quarter. Van ECK Associates Corp now owns 15,871 shares of the technology company's stock valued at $2,283,000 after purchasing an additional 8,647 shares during the period. Finally, Hosking Partners LLP boosted its stake in WESCO International by 20.1% during the third quarter. Hosking Partners LLP now owns 40,424 shares of the technology company's stock worth $5,814,000 after buying an additional 6,752 shares in the last quarter. 93.76% of the stock is currently owned by institutional investors and hedge funds.

WESCO International Company Profile

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).

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