WESCO International, Inc. (NYSE:WCC) Receives $212.63 Consensus PT from Brokerages

Shares of WESCO International, Inc. (NYSE:WCC - Get Free Report) have been assigned an average recommendation of "Buy" from the nine ratings firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $212.63.

WCC has been the subject of a number of recent analyst reports. Loop Capital decreased their target price on WESCO International from $250.00 to $220.00 and set a "buy" rating for the company in a research report on Monday, May 12th. Oppenheimer decreased their price objective on shares of WESCO International from $225.00 to $195.00 and set an "outperform" rating for the company 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 on the stock in a report on Tuesday, May 27th. Finally, KeyCorp boosted their target price 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.

Insider Buying and Selling

In related news, EVP Christine Ann Wolf sold 3,106 shares of the firm's stock in a transaction on 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 directly owned 30,181 shares of the company's stock, valued at $5,346,262.34. This trade represents a 9.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.30% of the stock is currently owned by company insiders.

Institutional Trading of WESCO International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Parallel Advisors LLC boosted its holdings in WESCO International by 13.4% during the second quarter. Parallel Advisors LLC now owns 507 shares of the technology company's stock valued at $94,000 after purchasing an additional 60 shares in the last quarter. Covestor Ltd boosted its stake in WESCO International by 5.5% in the 4th quarter. Covestor Ltd now owns 1,198 shares of the technology company's stock valued at $216,000 after buying an additional 62 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its position 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 valued at $48,000 after acquiring an additional 81 shares during the period. Third Avenue Management LLC raised its stake in WESCO International by 0.6% during the first quarter. Third Avenue Management LLC now owns 14,822 shares of the technology company's stock worth $2,302,000 after acquiring an additional 83 shares in the last quarter. Finally, Greenleaf Trust boosted its stake in shares of WESCO International by 3.7% in the 1st quarter. Greenleaf Trust now owns 2,360 shares of the technology company's stock valued at $367,000 after purchasing an additional 84 shares in the last quarter. Institutional investors own 93.76% of the company's stock.

WESCO International Stock Down 0.9%

WCC traded down $1.84 during midday trading on Wednesday, hitting $199.42. 370,804 shares of the company's stock traded hands, compared to its average volume of 723,639. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.15 and a quick ratio of 1.23. The company has a market cap of $9.73 billion, a PE ratio of 15.08, a price-to-earnings-growth ratio of 1.53 and a beta of 1.83. The stock's fifty day simple moving average is $175.97 and its 200-day simple moving average is $173.31. WESCO International has a one year low of $125.21 and a one year high of $216.17.

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

WESCO International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were given a dividend of $0.4538 per share. 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 (DPR) 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).