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

WESCO International, Inc. (NYSE:WCC - Get Free Report) has been assigned an average recommendation of "Buy" from the nine brokerages that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $212.63.

A number of research analysts have recently issued reports on the company. KeyCorp lifted their price target on WESCO International from $180.00 to $210.00 and gave the company an "overweight" rating in a report on Friday, June 13th. JPMorgan Chase & Co. reduced their price target on WESCO International from $210.00 to $180.00 and set an "overweight" rating for the company 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 for the company in a report on Monday, May 12th. Finally, Oppenheimer cut their price target on WESCO International from $225.00 to $195.00 and set an "outperform" rating for the company in a report on Monday, May 5th.

Insider Transactions at WESCO International

In other WESCO International 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 completion of the sale, the executive vice president directly owned 30,181 shares of the company's stock, valued at $5,346,262.34. The trade was a 9.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.10% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in WCC. Whittier Trust Co. increased its position in WESCO International by 46.8% in the 1st quarter. Whittier Trust Co. now owns 279 shares of the technology company's stock valued at $43,000 after acquiring an additional 89 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its stake 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 buying an additional 81 shares in the last quarter. Parallel Advisors LLC raised its holdings in WESCO International by 21.1% in the 1st quarter. Parallel Advisors LLC now owns 447 shares of the technology company's stock valued at $69,000 after acquiring an additional 78 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of WESCO International by 27.7% during the 1st quarter. GAMMA Investing LLC now owns 479 shares of the technology company's stock worth $74,000 after buying an additional 104 shares during the last quarter. Finally, Millstone Evans Group LLC acquired a new stake in shares of WESCO International during the 4th quarter worth $122,000. Hedge funds and other institutional investors own 93.76% of the company's stock.

WESCO International Price Performance

NYSE:WCC opened at $195.71 on Wednesday. The firm has a market capitalization of $9.55 billion, a price-to-earnings ratio of 14.80, a PEG ratio of 1.47 and a beta of 1.83. WESCO International has a 1 year low of $125.21 and a 1 year high of $216.17. The business has a 50 day simple moving average of $174.25 and a 200-day simple moving average of $172.97. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.15 and a quick ratio of 1.23.

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

WESCO International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a $0.4538 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.82 dividend on an annualized basis and a yield of 0.93%. 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).

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