WESCO International, Inc. (NYSE:WCC) EVP Sells $550,196.84 in Stock

WESCO International, Inc. (NYSE:WCC - Get Free Report) EVP Christine Ann Wolf sold 3,106 shares of the company's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $177.14, for a total value of $550,196.84. Following the sale, the executive vice president now owns 30,181 shares of the company's stock, valued at approximately $5,346,262.34. This represents a 9.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

WESCO International Trading Up 0.9%

NYSE WCC traded up $1.56 on Friday, hitting $178.26. The company's stock had a trading volume of 1,693,403 shares, compared to its average volume of 732,277. The company's 50-day moving average is $165.32 and its 200 day moving average is $173.72. The firm has a market cap of $8.70 billion, a PE ratio of 13.48, a PEG ratio of 1.36 and a beta of 1.83. WESCO International, Inc. has a 1-year low of $125.21 and a 1-year high of $216.17. The company has a quick ratio of 1.23, a current ratio of 2.15 and a debt-to-equity ratio of 1.02.

WESCO International (NYSE:WCC - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The technology company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.02). The company had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.27 billion. WESCO International had a net margin of 3.30% and a return on equity of 13.40%. The company's quarterly revenue was down .1% on a year-over-year basis. During the same period in the previous year, the company posted $2.30 EPS. As a group, analysts predict that WESCO International, Inc. will post 13.3 earnings per share for the current fiscal year.

WESCO International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $0.4538 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.82 annualized dividend and a yield of 1.02%. WESCO International's payout ratio is 13.77%.

Analyst Upgrades and Downgrades

Several research analysts have commented on WCC shares. Loop Capital lowered their target price on WESCO International from $250.00 to $220.00 and set a "buy" rating for the company in a research note on Monday, May 12th. KeyCorp raised their target price on shares of WESCO International from $180.00 to $210.00 and gave the company an "overweight" rating in a research report on Friday, June 13th. Oppenheimer dropped their price target on WESCO International from $225.00 to $195.00 and set an "outperform" rating for the company in a research note on Monday, May 5th. Finally, JPMorgan Chase & Co. reduced their price objective on WESCO International from $210.00 to $180.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 27th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $212.63.

Institutional Trading of WESCO International

A number of large investors have recently bought and sold shares of the business. Bank of New York Mellon Corp lifted its stake in WESCO International by 88.2% in the first quarter. Bank of New York Mellon Corp now owns 758,786 shares of the technology company's stock valued at $117,839,000 after buying an additional 355,570 shares during the period. Pacer Advisors Inc. raised its holdings in shares of WESCO International by 6,769.8% during the first quarter. Pacer Advisors Inc. now owns 456,290 shares of the technology company's stock valued at $70,862,000 after purchasing an additional 449,648 shares during the period. Ameriprise Financial Inc. increased its position in WESCO International by 21.2% in the 1st quarter. Ameriprise Financial Inc. now owns 309,081 shares of the technology company's stock valued at $48,001,000 after buying an additional 54,046 shares in the last quarter. Davis Selected Advisers grew its stake in WESCO International by 0.6% in the first quarter. Davis Selected Advisers now owns 258,503 shares of the technology company's stock valued at $40,146,000 after acquiring an additional 1,516 shares during the period. Finally, Russell Investments Group Ltd. raised its position in shares of WESCO International by 62.9% during the fourth quarter. Russell Investments Group Ltd. now owns 215,002 shares of the technology company's stock worth $38,906,000 after purchasing an additional 83,031 shares during the period. 93.76% of the stock is currently owned by institutional investors and hedge funds.

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).

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