Christine Ann Wolf Sells 3,106 Shares of WESCO International, Inc. (NYSE:WCC) Stock

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

WESCO International Stock Performance

Shares of NYSE:WCC traded up $3.03 during trading on Monday, reaching $181.17. 614,058 shares of the company's stock traded hands, compared to its average volume of 724,959. The stock has a market capitalization of $8.84 billion, a P/E ratio of 13.70, a price-to-earnings-growth ratio of 1.38 and a beta of 1.83. WESCO International, Inc. has a 12 month low of $125.21 and a 12 month high of $216.17. The company has a 50 day moving average of $165.92 and a 200-day moving average of $172.98. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.15 and a quick ratio of 1.23.

WESCO International (NYSE:WCC - Get Free Report) last issued its earnings results on Thursday, May 1st. The technology company reported $2.21 EPS for the quarter, missing analysts' consensus estimates 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 business's revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.30 earnings per share. On average, equities analysts expect that WESCO International, Inc. will post 13.3 EPS for the current year.

WESCO International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.4538 per share. This represents a $1.82 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Friday, June 13th. WESCO International's dividend payout ratio (DPR) is 13.77%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Oppenheimer cut their price target on shares of WESCO International from $225.00 to $195.00 and set an "outperform" rating on the stock in a report on Monday, May 5th. JPMorgan Chase & Co. dropped their target price on shares of WESCO International from $210.00 to $180.00 and set an "overweight" rating for the company in a research report on Tuesday, May 27th. KeyCorp increased their price target on shares of WESCO International from $180.00 to $210.00 and gave the stock an "overweight" rating in a research report on Friday, June 13th. Finally, Loop Capital decreased their price target 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. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to 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 modified their holdings of WCC. New York State Teachers Retirement System grew its position in WESCO International by 12.0% in the 4th quarter. New York State Teachers Retirement System now owns 24,788 shares of the technology company's stock worth $4,486,000 after purchasing an additional 2,654 shares during the last quarter. Rhumbline Advisers boosted its position in shares of WESCO International by 1.9% during the fourth quarter. Rhumbline Advisers now owns 120,402 shares of the technology company's stock worth $21,788,000 after buying an additional 2,271 shares during the period. Handelsbanken Fonder AB grew its holdings in WESCO International by 167.3% in the 4th quarter. Handelsbanken Fonder AB now owns 192,182 shares of the technology company's stock worth $34,777,000 after buying an additional 120,289 shares in the last quarter. Hudson Edge Investment Partners Inc. grew its holdings in WESCO International by 17.1% in the 4th quarter. Hudson Edge Investment Partners Inc. now owns 4,552 shares of the technology company's stock worth $824,000 after buying an additional 666 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in WESCO International by 2.5% in the 4th quarter. Bank of New York Mellon Corp now owns 403,216 shares of the technology company's stock valued at $72,966,000 after acquiring an additional 10,016 shares during the period. Institutional investors and hedge funds own 93.76% of the company's stock.

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).