WESCO International, Inc. (NYSE:WCC) Receives Consensus Rating of "Buy" from Analysts

WESCO International, Inc. (NYSE:WCC - Get Free Report) has received a consensus recommendation of "Buy" from the nine analysts that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $212.63.

WCC has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reduced their target price on WESCO International from $210.00 to $180.00 and set an "overweight" rating on the stock in a report on Tuesday, May 27th. Loop Capital reduced their target price on WESCO International from $250.00 to $220.00 and set a "buy" rating on the stock in a report on Monday, May 12th. KeyCorp lifted their target price on WESCO International from $180.00 to $210.00 and gave the company an "overweight" rating in a report on Friday, June 13th. Finally, Oppenheimer reduced their target price on WESCO International from $225.00 to $195.00 and set an "outperform" rating on the stock in a report on Monday, May 5th.

Insider Buying and Selling

In other news, EVP Christine Ann Wolf sold 3,106 shares of WESCO International stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $177.14, for a total transaction of $550,196.84. Following the sale, the executive vice president directly owned 30,181 shares of the company's stock, valued at approximately $5,346,262.34. The trade was a 9.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.30% of the stock is owned by company insiders.

Institutional Trading of WESCO International

Hedge funds and other institutional investors have recently modified their holdings of the business. Dorsey & Whitney Trust CO LLC acquired a new position in WESCO International in the fourth quarter worth about $204,000. Whittier Trust Co. of Nevada Inc. grew its stake in WESCO International by 43.5% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 267 shares of the technology company's stock worth $48,000 after purchasing an additional 81 shares in the last quarter. Millstone Evans Group LLC acquired a new position in WESCO International in the fourth quarter worth about $122,000. KLP Kapitalforvaltning AS acquired a new position in WESCO International in the fourth quarter worth about $2,060,000. Finally, Russell Investments Group Ltd. grew its stake in WESCO International by 62.9% in 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 in the last quarter. 93.76% of the stock is owned by hedge funds and other institutional investors.

WESCO International Trading Down 0.9%

Shares of WCC stock traded down $1.84 during mid-day trading on Wednesday, hitting $199.42. 498,194 shares of the company's stock were exchanged, compared to its average volume of 720,944. WESCO International has a fifty-two week low of $125.21 and a fifty-two week high of $216.17. The stock has a 50-day simple moving average of $176.69 and a two-hundred day simple moving average of $173.44. The company has a quick ratio of 1.23, a current ratio of 2.15 and a debt-to-equity ratio of 1.02. The stock has a market cap of $9.73 billion, a price-to-earnings ratio of 15.08, a PEG ratio of 1.54 and a beta of 1.83.

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

WESCO International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a $0.4538 dividend. This represents a $1.82 annualized dividend and a yield of 0.91%. The ex-dividend date was Friday, June 13th. WESCO International's dividend payout ratio (DPR) is presently 13.77%.

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).