WESCO International, Inc. (NYSE:WCC) Receives Consensus Recommendation of "Buy" from Analysts

Shares of WESCO International, Inc. (NYSE:WCC - Get Free Report) have been given an average rating of "Buy" by the eight brokerages that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $206.71.

WCC has been the topic of several research analyst reports. KeyCorp raised their price objective on WESCO International from $195.00 to $225.00 and gave the company an "overweight" rating in a report on Friday. Robert W. Baird boosted their price target on shares of WESCO International from $215.00 to $223.00 and gave the stock an "outperform" rating in a report on Friday. Oppenheimer upped their price objective on shares of WESCO International from $205.00 to $225.00 and gave the stock an "outperform" rating in a research report on Friday. Loop Capital lifted their target price on shares of WESCO International from $190.00 to $210.00 and gave the company a "buy" rating in a research report on Friday, September 27th. Finally, Baird R W raised shares of WESCO International from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 16th.

Insider Buying and Selling at WESCO International

In other news, Director Steven A. Raymund sold 5,819 shares of WESCO International stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $171.56, for a total transaction of $998,307.64. Following the transaction, the director now owns 27,004 shares in the company, valued at $4,632,806.24. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other WESCO International news, Director Steven A. Raymund sold 5,819 shares of WESCO International 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 owns 27,004 shares in the company, valued at $4,632,806.24. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Nelson John Squires III sold 10,000 shares of the firm's stock in a transaction dated 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 sale, the executive vice president now directly owns 54,621 shares of the company's stock, valued at $10,377,990. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. lifted its holdings in WESCO International by 71.1% during 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 purchased a new stake in WESCO International during the 3rd quarter worth about $28,000. GAMMA Investing LLC raised its position in WESCO International by 65.4% in the 2nd quarter. GAMMA Investing LLC now owns 253 shares of the technology company's stock valued at $40,000 after purchasing an additional 100 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of WESCO International by 18.3% in the 3rd quarter. UMB Bank n.a. now owns 633 shares of the technology company's stock valued at $106,000 after buying an additional 98 shares during the period. Finally, Innealta Capital LLC acquired a new position in shares of WESCO International during the second quarter worth about $152,000. 93.76% of the stock is currently owned by institutional investors and hedge funds.

WESCO International Stock Performance

Shares of WCC stock traded down $3.80 on Friday, hitting $188.17. The company had a trading volume of 915,241 shares, compared to its average volume of 700,988. The company has a 50-day moving average price of $168.15 and a 200-day moving average price of $167.47. The company has a quick ratio of 1.34, a current ratio of 2.28 and a debt-to-equity ratio of 1.07. The firm has a market cap of $9.25 billion, a P/E ratio of 14.61, a price-to-earnings-growth ratio of 1.48 and a beta of 2.03. WESCO International has a twelve month low of $131.38 and a twelve month high of $195.99.

WESCO International (NYSE:WCC - Get Free Report) last posted its earnings results on Thursday, October 31st. The technology company reported $3.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.36. The firm had revenue of $5.49 billion during the quarter, compared to analysts' expectations of $5.46 billion. WESCO International had a net margin of 3.30% and a return on equity of 14.44%. The business's revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the business posted $4.49 EPS. As a group, equities research analysts predict that WESCO International will post 12.04 earnings per share for the current fiscal year.

WESCO International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were issued a $0.4125 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.65 annualized dividend and a dividend yield of 0.88%. WESCO International's dividend payout ratio is presently 12.81%.

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).