Analysts Set WESCO International, Inc. (NYSE:WCC) Target Price at $243.86

Shares of WESCO International, Inc. (NYSE:WCC) have been assigned a consensus rating of “Buy” from the eight ratings firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $206.71.

Several analysts recently commented on the company. Oppenheimer lifted their price objective on WESCO International from $205.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday. Baird R W upgraded shares of WESCO International from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. KeyCorp increased their price target on shares of WESCO International from $195.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday. Robert W. Baird boosted their price objective on shares of WESCO International from $215.00 to $223.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Stephens reaffirmed an “overweight” rating and issued a $190.00 target price on shares of WESCO International in a report on Monday, August 5th.

WESCO International Stock Performance

Shares of WCC opened at $188.17 on Friday. The company has a market cap of $9.25 billion, a price-to-earnings ratio of 15.07, a P/E/G ratio of 1.59 and a beta of 2.01. The business’s fifty day simple moving average is $168.15 and its two-hundred day simple moving average is $167.56. WESCO International has a 12 month low of $131.38 and a 12 month high of $195.99. The company has a current ratio of 2.21, a quick ratio of 1.34 and a debt-to-equity ratio of 0.99.

WESCO International (NYSE:WCC) last announced its quarterly earnings results on Thursday, October 31st. The technology company reported $3.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $0.36. WESCO International had a net margin of 3.19% and a return on equity of 13.19%. The firm had revenue of $5.49 billion for the quarter, compared to the consensus estimate of $5.46 billion. During the same quarter last year, the firm posted $4.49 EPS. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. Research analysts anticipate that WESCO International will post 12.04 earnings per share for the current fiscal year.

WESCO International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a dividend of $0.4125 per share. This represents a $1.65 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date was Friday, September 13th. WESCO International’s dividend payout ratio (DPR) is 13.21%.

Insider Buying and Selling

In related news, Director Steven A. Raymund sold 5,819 shares of the stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $171.56, for a total transaction of $998,307.64. Following the completion of the sale, the director now owns 27,004 shares in the company, valued at approximately $4,632,806.24. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other WESCO International news, EVP Nelson John Squires III sold 10,000 shares of WESCO International stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $190.00, for a total value of $1,900,000.00. Following the sale, the executive vice president now directly owns 54,621 shares in the company, valued at approximately $10,377,990. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction 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 trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by insiders.

Institutional Trading of WESCO International

A number of large investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its stake in WESCO International by 163.5% during the first quarter. BNP Paribas Financial Markets now owns 24,236 shares of the technology company’s stock valued at $4,151,000 after purchasing an additional 15,037 shares in the last quarter. Hosking Partners LLP increased its stake in WESCO International by 68.6% during the first quarter. Hosking Partners LLP now owns 63,577 shares of the technology company’s stock worth $10,889,000 after acquiring an additional 25,864 shares during the last quarter. Quent Capital LLC raised its position in WESCO International by 9.9% during the first quarter. Quent Capital LLC now owns 3,703 shares of the technology company’s stock valued at $634,000 after purchasing an additional 333 shares during the period. TimesSquare Capital Management LLC bought a new stake in shares of WESCO International in the 1st quarter valued at approximately $463,000. Finally, Russell Investments Group Ltd. lifted its stake in shares of WESCO International by 74.8% in the 1st quarter. Russell Investments Group Ltd. now owns 72,897 shares of the technology company’s stock valued at $12,486,000 after purchasing an additional 31,200 shares during the last quarter. Institutional investors own 93.76% of the company’s stock.

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).