Shares of WESCO International, Inc. (NYSE:WCC - Get Free Report) passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $331.55 and traded as high as $371.40. WESCO International shares last traded at $367.1390, with a volume of 271,265 shares changing hands.
Wall Street Analysts Forecast Growth
WCC has been the topic of a number of analyst reports. Weiss Ratings downgraded WESCO International from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, September 1st. Barclays lifted their price objective on WESCO International from $376.00 to $390.00 and gave the stock an "overweight" rating in a research note on Monday, August 3rd. Royal Bank Of Canada upped their price objective on WESCO International from $421.00 to $430.00 and gave the company an "outperform" rating in a report on Friday, July 31st. DA Davidson began coverage on WESCO International in a research note on Tuesday, June 16th. They issued a "buy" rating and a $440.00 target price on the stock. Finally, Zacks Research upgraded WESCO International from a "hold" rating to a "strong-buy" rating in a report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, WESCO International currently has an average rating of "Buy" and an average target price of $394.17.
Check Out Our Latest Research Report on WCC
WESCO International Trading Up 1.6%
The business's 50-day moving average price is $347.99 and its two-hundred day moving average price is $331.55. The company has a market capitalization of $17.89 billion, a P/E ratio of 25.37, a PEG ratio of 2.15 and a beta of 1.53. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.09 and a quick ratio of 1.23.
WESCO International (NYSE:WCC - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The technology company reported $4.57 EPS for the quarter, beating analysts' consensus estimates of $3.98 by $0.59. The business had revenue of $6.67 billion during the quarter, compared to analysts' expectations of $6.44 billion. WESCO International had a net margin of 2.84% and a return on equity of 14.95%. The firm's quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.83 EPS. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. As a group, analysts forecast that WESCO International, Inc. will post 16.77 EPS for the current fiscal year.
WESCO International Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Friday, September 11th. WESCO International's dividend payout ratio is 13.82%.
Insider Transactions at WESCO International
In other WESCO International news, EVP Daniel J. Castillo bought 960 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was acquired at an average cost of $365.89 per share, with a total value of $351,254.40. Following the purchase, the executive vice president owned 16,305 shares in the company, valued at $5,965,836.45. This trade represents a 6.26% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Laura K. Thompson sold 270 shares of the firm's stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $368.45, for a total transaction of $99,481.50. Following the sale, the director owned 10,720 shares in the company, valued at $3,949,784. This trade represents a 2.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.60% of the stock is currently owned by insiders.
Institutional Investors Weigh In On WESCO International
Large investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in WESCO International in the 2nd quarter valued at $3,094,634,000. Bank of New York Mellon Corp increased its holdings in WESCO International by 10.3% during the 1st quarter. Bank of New York Mellon Corp now owns 907,473 shares of the technology company's stock worth $248,303,000 after purchasing an additional 84,905 shares in the last quarter. Geode Capital Management LLC increased its holdings in WESCO International by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 864,237 shares of the technology company's stock worth $211,473,000 after purchasing an additional 14,739 shares in the last quarter. Bank of America Corp DE acquired a new stake in shares of WESCO International in the 2nd quarter valued at about $296,304,000. Finally, Alyeska Investment Group L.P. raised its stake in shares of WESCO International by 16.2% in the 2nd quarter. Alyeska Investment Group L.P. now owns 653,591 shares of the technology company's stock valued at $225,770,000 after purchasing an additional 91,321 shares during the period. Institutional investors own 93.75% of the company's stock.
WESCO International Company Profile
(
Get Free Report)
WESCO International, Inc is a business-to-business distributor and supply chain solutions provider serving the electrical, communications, security, utility and broadband industries. The company supplies products such as electrical and electronic components, wire and cable, lighting, automation equipment, network infrastructure, security systems, safety products and utility equipment.
Through its distribution operations and supply chain services, WESCO helps commercial, industrial, institutional, utility and government customers manage procurement, inventory, logistics and other aspects of their operations.
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