WESCO International, Inc. (NYSE:WCC) Receives $219.43 Average Price Target from Brokerages

Shares of WESCO International, Inc. (NYSE:WCC - Get Free Report) have received an average recommendation of "Buy" from the eight ratings firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $219.43.

WCC has been the subject of several recent research reports. KeyCorp lowered their price objective on WESCO International from $245.00 to $205.00 and set an "overweight" rating for the company in a research report on Monday, March 17th. StockNews.com lowered shares of WESCO International from a "buy" rating to a "hold" rating in a research note on Wednesday, February 12th. Stephens lifted their target price on shares of WESCO International from $205.00 to $215.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Finally, Royal Bank of Canada upped their price target on WESCO International from $212.00 to $213.00 and gave the stock a "sector perform" rating in a research note on Wednesday, February 12th.

WESCO International Trading Up 0.8 %

Shares of WCC traded up $1.33 during mid-day trading on Friday, hitting $163.00. 935,840 shares of the company's stock traded hands, compared to its average volume of 766,604. The company has a quick ratio of 1.27, a current ratio of 2.20 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $7.95 billion, a P/E ratio of 12.47, a PEG ratio of 1.45 and a beta of 1.83. The business's 50-day moving average price is $158.84 and its 200-day moving average price is $179.93. WESCO International has a 1 year low of $125.21 and a 1 year high of $216.17.

WESCO International (NYSE:WCC - Get Free Report) last posted its earnings results on Tuesday, February 11th. The technology company reported $3.16 EPS for the quarter, missing the consensus estimate of $3.23 by ($0.07). WESCO International had a return on equity of 13.63% and a net margin of 3.29%. As a group, sell-side analysts forecast that WESCO International will post 13.3 EPS for the current fiscal year.

WESCO International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $0.4538 dividend. This represents a $1.82 annualized dividend and a yield of 1.11%. This is an increase from WESCO International's previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Friday, March 14th. WESCO International's dividend payout ratio (DPR) is presently 13.85%.

Institutional Trading of WESCO International

A number of large investors have recently made changes to their positions in WCC. Covestor Ltd lifted its holdings in WESCO International by 5.5% in the fourth quarter. Covestor Ltd now owns 1,198 shares of the technology company's stock valued at $216,000 after acquiring an additional 62 shares during the period. V Square Quantitative Management LLC lifted its stake in shares of WESCO International by 39.9% during the 4th quarter. V Square Quantitative Management LLC now owns 235 shares of the technology company's stock valued at $43,000 after buying an additional 67 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of WESCO International by 25.0% in the fourth quarter. GAMMA Investing LLC now owns 375 shares of the technology company's stock worth $68,000 after acquiring an additional 75 shares during the period. Parallel Advisors LLC grew its holdings in WESCO International by 21.1% during the 1st quarter. Parallel Advisors LLC now owns 447 shares of the technology company's stock valued at $69,000 after buying an additional 78 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in WESCO International by 43.5% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 267 shares of the technology company's stock valued at $48,000 after acquiring an additional 81 shares during the last quarter. 93.76% of the stock is currently owned by institutional investors.

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).