WESCO International (NYSE:WCC) Stock Price Crosses Above 200 Day Moving Average - Should You Sell?

WESCO International, Inc. (NYSE:WCC - Get Free Report)'s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $180.33 and traded as high as $220.80. WESCO International shares last traded at $217.84, with a volume of 551,708 shares traded.

Analyst Ratings Changes

Several equities research analysts recently issued reports on WCC shares. Stephens lowered WESCO International from an "overweight" rating to an "equal weight" rating and lifted their price objective for the company from $190.00 to $200.00 in a research note on Wednesday, July 16th. Oppenheimer lifted their price objective on WESCO International from $225.00 to $255.00 and gave the stock an "outperform" rating in a report on Friday, September 5th. Raymond James Financial restated a "strong-buy" rating and set a $240.00 price target (up previously from $230.00) on shares of WESCO International in a report on Friday, August 1st. JPMorgan Chase & Co. lifted their price objective on WESCO International from $205.00 to $225.00 and gave the company an "overweight" rating in a research report on Thursday, September 4th. Finally, KeyCorp boosted their price target on WESCO International from $240.00 to $258.00 and gave the stock an "overweight" rating in a research report on Friday, August 29th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, WESCO International presently has a consensus rating of "Buy" and an average target price of $232.67.

WESCO International Trading Down 2.5%

The company has a market capitalization of $10.46 billion, a PE ratio of 16.83, a price-to-earnings-growth ratio of 1.70 and a beta of 1.81. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.09 and a quick ratio of 1.19. The company's fifty day moving average is $210.90 and its 200-day moving average is $181.36.

WESCO International (NYSE:WCC - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The technology company reported $3.39 EPS for the quarter, topping the consensus estimate of $3.31 by $0.08. WESCO International had a net margin of 2.98% and a return on equity of 12.96%. The business had revenue of $5.90 billion during the quarter, compared to the consensus estimate of $5.82 billion. During the same period in the previous year, the firm posted $3.21 earnings per share. The business's revenue for the quarter was up 7.7% compared to the same quarter last year. On average, analysts anticipate that WESCO International, Inc. will post 13.3 EPS for the current fiscal year.

WESCO International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 12th will be issued a $0.4538 dividend. This represents a $1.82 annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, September 12th. WESCO International's payout ratio is presently 14.17%.

Insider Transactions at WESCO International

In related news, CFO David S. Schulz sold 12,227 shares of WESCO International stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $225.17, for a total value of $2,753,153.59. Following the completion of the sale, the chief financial officer owned 110,376 shares in the company, valued at approximately $24,853,363.92. This trade represents a 9.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Nelson John Squires III sold 13,780 shares of the company's stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $219.59, for a total transaction of $3,025,950.20. Following the sale, the executive vice president directly owned 48,625 shares in the company, valued at approximately $10,677,563.75. The trade was a 22.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 139,237 shares of company stock worth $30,934,618 in the last three months. Company insiders own 3.30% of the company's stock.

Institutional Trading of WESCO International

Several hedge funds have recently made changes to their positions in the company. Redwood Investment Management LLC purchased a new position in WESCO International during the 4th quarter valued at about $1,445,000. Raiffeisen Bank International AG acquired a new position in WESCO International during the fourth quarter valued at approximately $180,000. Amiral Gestion acquired a new position in WESCO International during the fourth quarter valued at approximately $796,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of WESCO International by 53.3% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 17,888 shares of the technology company's stock worth $2,778,000 after purchasing an additional 6,218 shares in the last quarter. Finally, Versant Capital Management Inc lifted its position in shares of WESCO International by 2,208.3% during the first quarter. Versant Capital Management Inc now owns 1,939 shares of the technology company's stock worth $301,000 after purchasing an additional 1,855 shares in the last quarter. Institutional investors and hedge funds own 93.75% of the company's stock.

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).