WESCO International, Inc. (NYSE:WCC) Given Consensus Rating of “Moderate Buy” by Brokerages

WESCO International, Inc. (NYSE:WCC) has received an average rating of “Moderate Buy” from the eight research firms that are presently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $189.86.

A number of research analysts have issued reports on WCC shares. Royal Bank of Canada lifted their price objective on WESCO International from $171.00 to $187.00 and gave the company a “sector perform” rating in a report on Friday, September 27th. Robert W. Baird reduced their price target on shares of WESCO International from $195.00 to $172.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. KeyCorp dropped their price objective on shares of WESCO International from $205.00 to $195.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Loop Capital boosted their target price on WESCO International from $190.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Finally, Stephens reaffirmed an “overweight” rating and set a $190.00 price target on shares of WESCO International in a report on Monday, August 5th.

Insiders Place Their Bets

In other news, Director Steven A. Raymund sold 5,819 shares of the stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $171.56, for a total value of $998,307.64. Following the transaction, the director now directly owns 27,004 shares of the company’s stock, valued at $4,632,806.24. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On WESCO International

A number of large investors have recently added to or reduced their stakes in WCC. Whittier Trust Co. of Nevada Inc. increased its stake in WESCO International by 71.1% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 166 shares of the technology company’s stock valued at $26,000 after acquiring an additional 69 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of WESCO International by 18.3% during the 3rd quarter. UMB Bank n.a. now owns 633 shares of the technology company’s stock worth $106,000 after buying an additional 98 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of WESCO International by 65.4% during the 2nd quarter. GAMMA Investing LLC now owns 253 shares of the technology company’s stock worth $40,000 after buying an additional 100 shares in the last quarter. Rise Advisors LLC acquired a new stake in WESCO International in the first quarter valued at about $26,000. Finally, Thompson Siegel & Walmsley LLC boosted its stake in WESCO International by 0.3% in the second quarter. Thompson Siegel & Walmsley LLC now owns 58,511 shares of the technology company’s stock valued at $9,275,000 after buying an additional 173 shares in the last quarter. Institutional investors and hedge funds own 93.76% of the company’s stock.

WESCO International Price Performance

Shares of NYSE:WCC opened at $174.72 on Monday. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.28 and a quick ratio of 1.34. The stock has a market capitalization of $8.59 billion, a P/E ratio of 13.57, a P/E/G ratio of 1.37 and a beta of 2.03. The business has a 50-day moving average of $161.45 and a two-hundred day moving average of $166.49. WESCO International has a fifty-two week low of $122.30 and a fifty-two week high of $195.43.

WESCO International (NYSE:WCC) last released its earnings results on Thursday, August 1st. The technology company reported $3.21 earnings per share for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.27). The firm had revenue of $5.48 billion for the quarter, compared to analyst estimates of $5.55 billion. WESCO International had a return on equity of 14.44% and a net margin of 3.30%. The firm’s revenue was down 4.6% on a year-over-year basis. During the same period in the prior year, the firm earned $3.71 EPS. On average, equities research analysts predict that WESCO International will post 12.14 EPS for the current fiscal year.

WESCO International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a $0.4125 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 0.94%. WESCO International’s dividend payout ratio (DPR) is presently 12.81%.

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).