WESCO International, Inc. (NYSE:WCC) Receives Average Recommendation of "Buy" from Brokerages

Shares of WESCO International, Inc. (NYSE:WCC - Get Free Report) have been assigned a consensus rating of "Buy" from the eight analysts that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $216.57.

Several research firms recently commented on WCC. Stephens raised their target price on WESCO International from $205.00 to $215.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Wall Street Zen lowered WESCO International from a "buy" rating to a "hold" rating in a research report on Wednesday, February 12th. Royal Bank of Canada raised their price objective on shares of WESCO International from $212.00 to $213.00 and gave the company a "sector perform" rating in a research note on Wednesday, February 12th. KeyCorp lowered their price objective on shares of WESCO International from $245.00 to $205.00 and set an "overweight" rating for the company in a research report on Monday, March 17th. Finally, Oppenheimer lowered their price objective on shares of WESCO International from $225.00 to $195.00 and set an "outperform" rating for the company in a research report on Monday, May 5th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of WCC. Burns Matteson Capital Management LLC bought a new position in WESCO International in the 4th quarter worth about $390,000. Handelsbanken Fonder AB increased its position in shares of WESCO International by 167.3% during the 4th quarter. Handelsbanken Fonder AB now owns 192,182 shares of the technology company's stock valued at $34,777,000 after purchasing an additional 120,289 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of WESCO International by 12,056.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 11,670 shares of the technology company's stock worth $2,112,000 after acquiring an additional 11,574 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of WESCO International by 1.7% during the fourth quarter. Van ECK Associates Corp now owns 30,178 shares of the technology company's stock valued at $5,461,000 after buying an additional 512 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in WESCO International by 1.9% in the fourth quarter. Rhumbline Advisers now owns 120,402 shares of the technology company's stock valued at $21,788,000 after purchasing an additional 2,271 shares during the last quarter. 93.76% of the stock is owned by institutional investors.

WESCO International Trading Down 0.6%

NYSE WCC traded down $1.03 on Tuesday, hitting $164.81. 357,132 shares of the stock were exchanged, compared to its average volume of 743,713. The company's 50-day moving average price is $158.18 and its two-hundred day moving average price is $177.87. The company has a market capitalization of $8.04 billion, a price-to-earnings ratio of 12.61, a P/E/G ratio of 1.45 and a beta of 1.92. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.20 and a quick ratio of 1.27. WESCO International has a 52-week low of $125.21 and a 52-week high of $216.17.

WESCO International (NYSE:WCC - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The technology company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.02). WESCO International had a net margin of 3.29% and a return on equity of 13.63%. The firm had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.27 billion. During the same period in the previous year, the firm posted $2.30 EPS. The company's quarterly revenue was down .1% compared to the same quarter last year. Research analysts predict that WESCO International will post 13.3 EPS for the current year.

WESCO International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $0.4538 per share. This is a positive change from WESCO International's previous quarterly dividend of $0.41. This represents a $1.82 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date was Friday, March 14th. WESCO International's dividend payout ratio (DPR) is presently 13.69%.

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).