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

Shares of WESCO International, Inc. (NYSE:WCC - Get Free Report) have received a consensus recommendation of "Buy" from the nine brokerages that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $212.63.

Several equities analysts have recently commented on WCC shares. Loop Capital decreased their target price on WESCO International from $250.00 to $220.00 and set a "buy" rating on the stock in a research report on Monday, May 12th. JPMorgan Chase & Co. reduced their price target 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. KeyCorp raised their price objective on WESCO International from $180.00 to $210.00 and gave the stock an "overweight" rating in a research note on Friday, June 13th. Finally, Oppenheimer lowered their price objective on WESCO International from $225.00 to $195.00 and set an "outperform" rating on the stock in a research note on Monday, May 5th.

Insider Buying and Selling

In other WESCO International news, 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 transaction of $550,196.84. Following the completion of the transaction, the executive vice president 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 the SEC website. Insiders own 3.10% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of WCC. Harbor Capital Advisors Inc. increased its stake in shares of WESCO International by 51.4% in the second quarter. Harbor Capital Advisors Inc. now owns 17,366 shares of the technology company's stock valued at $3,216,000 after buying an additional 5,896 shares during the period. Norman Fields Gottscho Capital Management LLC acquired a new position in shares of WESCO International in the second quarter valued at approximately $1,200,000. MassMutual Private Wealth & Trust FSB increased its stake in shares of WESCO International by 45.4% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 26,010 shares of the technology company's stock valued at $4,817,000 after buying an additional 8,122 shares during the period. Parallel Advisors LLC increased its stake in shares of WESCO International by 13.4% in the second quarter. Parallel Advisors LLC now owns 507 shares of the technology company's stock valued at $94,000 after buying an additional 60 shares during the period. Finally, Strs Ohio acquired a new position in shares of WESCO International in the first quarter valued at approximately $5,036,000. Institutional investors and hedge funds own 93.76% of the company's stock.

WESCO International Stock Up 1.8%

WCC traded up $3.51 on Wednesday, hitting $199.05. 625,794 shares of the company were exchanged, compared to its average volume of 722,285. WESCO International has a 12 month low of $125.21 and a 12 month high of $216.17. The company has a market cap of $9.71 billion, a PE ratio of 15.06, a PEG ratio of 1.47 and a beta of 1.83. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.23 and a current ratio of 2.15. The stock's fifty day moving average is $174.25 and its 200-day moving average is $172.97.

WESCO International (NYSE:WCC - Get Free Report) last released its earnings results 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 company had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.27 billion. During the same quarter in the previous year, the company posted $2.30 EPS. The business's revenue was down .1% on a year-over-year basis. Equities research analysts predict that WESCO International will post 13.3 EPS for the current fiscal year.

WESCO International Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend was Friday, June 13th. WESCO International's dividend payout ratio is presently 13.77%.

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).