Brokerages Set WESCO International, Inc. (NYSE:WCC) Price Target at $215.88

Shares of WESCO International, Inc. (NYSE:WCC) have been given an average rating of “Buy” by the nine brokerages that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $215.88.

WCC has been the subject of several analyst reports. Royal Bank of Canada upped their target price on shares of WESCO International from $186.00 to $199.00 and gave the company a “sector perform” rating in a research note on Friday, November 1st. Jefferies Financial Group upped their price objective on shares of WESCO International from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Oppenheimer lifted their target price on WESCO International from $205.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Robert W. Baird increased their price target on WESCO International from $215.00 to $223.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, KeyCorp lifted their price objective on WESCO International from $225.00 to $245.00 and gave the stock an “overweight” rating in a report on Monday, December 9th.

WESCO International Trading Up 0.5 %

NYSE:WCC opened at $179.02 on Friday. The business’s 50-day moving average is $194.62 and its two-hundred day moving average is $174.58. The firm has a market capitalization of $8.77 billion, a PE ratio of 14.33, a price-to-earnings-growth ratio of 1.55 and a beta of 2.01. WESCO International has a 12 month low of $132.37 and a 12 month high of $216.17. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.21 and a quick ratio of 1.29.

WESCO International (NYSE:WCC) last announced its earnings results on Thursday, October 31st. The technology company reported $3.58 EPS for the quarter, beating the consensus estimate of $3.22 by $0.36. The business had revenue of $5.49 billion for the quarter, compared to the consensus estimate of $5.46 billion. WESCO International had a return on equity of 13.19% and a net margin of 3.19%. The company’s revenue was down 2.7% on a year-over-year basis. During the same period last year, the business posted $4.49 EPS. Research analysts predict that WESCO International will post 12.3 earnings per share for the current fiscal year.

WESCO International Dividend Announcement

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

Insider Activity

In other WESCO International news, Director Steven A. Raymund sold 5,819 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $171.56, for a total value of $998,307.64. Following the sale, the director now directly owns 27,004 shares of the company’s stock, valued at $4,632,806.24. This trade represents a 17.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP William Clayton Geary sold 2,829 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $205.73, for a total transaction of $582,010.17. Following the transaction, the executive vice president now directly owns 35,063 shares of the company’s stock, valued at approximately $7,213,510.99. This trade represents a 7.47 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 33,586 shares of company stock valued at $6,565,762. Company insiders own 3.10% of the company’s stock.

Institutional Trading of WESCO International

Large investors have recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. grew its holdings in WESCO International by 71.1% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 166 shares of the technology company’s stock worth $26,000 after buying an additional 69 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in WESCO International during the 3rd quarter worth $28,000. UMB Bank n.a. grew its stake in shares of WESCO International by 18.3% in the third quarter. UMB Bank n.a. now owns 633 shares of the technology company’s stock worth $106,000 after purchasing an additional 98 shares in the last quarter. Innealta Capital LLC acquired a new position in shares of WESCO International during the second quarter valued at $152,000. Finally, Highland Capital Management LLC bought a new stake in shares of WESCO International during the third quarter valued at about $221,000. Institutional investors and hedge funds 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).