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

WESCO International, Inc. (NYSE:WCC) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $174.68 and traded as high as $179.74. WESCO International shares last traded at $178.90, with a volume of 511,188 shares.

Analyst Upgrades and Downgrades

WCC has been the subject of several recent analyst reports. Stephens increased their price target on WESCO International from $190.00 to $205.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Loop Capital boosted their price target on shares of WESCO International from $190.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Jefferies Financial Group increased their price objective on shares of WESCO International from $225.00 to $245.00 and gave the company a “buy” rating in a report on Friday, December 6th. StockNews.com raised WESCO International from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Finally, Royal Bank of Canada increased their price target on WESCO International from $186.00 to $199.00 and gave the company a “sector perform” rating in a research note on Friday, November 1st. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $215.88.

WESCO International Stock Up 0.2 %

The stock has a fifty day moving average of $194.80 and a 200-day moving average of $174.68. The firm has a market capitalization of $8.77 billion, a price-to-earnings ratio of 14.32, a PEG ratio of 1.55 and a beta of 2.01. The company has a current ratio of 2.21, a quick ratio of 1.29 and a debt-to-equity ratio of 0.99.

WESCO International (NYSE:WCC) last posted its quarterly earnings data on Thursday, October 31st. The technology company reported $3.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.36. WESCO International had a return on equity of 13.19% and a net margin of 3.19%. The firm had revenue of $5.49 billion for the quarter, compared to the consensus estimate of $5.46 billion. During the same quarter in the previous year, the company earned $4.49 EPS. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. As a group, sell-side analysts expect that WESCO International, Inc. will post 12.3 EPS for the current year.

WESCO International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.4125 dividend. This represents a $1.65 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date is Friday, December 13th. WESCO International’s dividend payout ratio is 13.21%.

Insider Buying and Selling at WESCO International

In other WESCO International news, CFO David S. Schulz sold 14,938 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $206.55, for a total transaction of $3,085,443.90. Following the transaction, the chief financial officer now directly owns 104,471 shares in the company, valued at $21,578,485.05. This trade represents a 12.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Nelson John Squires III sold 10,000 shares of WESCO International stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $190.00, for a total value of $1,900,000.00. Following the completion of the transaction, the executive vice president now directly owns 54,621 shares in the company, valued at approximately $10,377,990. This represents a 15.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 27,767 shares of company stock valued at $5,567,454 in the last three months. 3.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Thompson Siegel & Walmsley LLC boosted its holdings in WESCO International by 341.8% during the third quarter. Thompson Siegel & Walmsley LLC now owns 258,486 shares of the technology company’s stock valued at $43,420,000 after purchasing an additional 199,975 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of WESCO International by 142.8% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 30,063 shares of the technology company’s stock valued at $5,050,000 after buying an additional 17,682 shares during the period. Geode Capital Management LLC increased its position in shares of WESCO International by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 762,653 shares of the technology company’s stock valued at $128,143,000 after buying an additional 22,080 shares in the last quarter. Clearbridge Investments LLC bought a new position in WESCO International in the second quarter valued at approximately $52,782,000. Finally, Heritage Wealth Management Inc. bought a new stake in shares of WESCO International in the second quarter valued at about $723,000. Institutional investors own 93.76% 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).