Nelson John Squires III Sells 10,000 Shares of WESCO International, Inc. (NYSE:WCC) Stock

WESCO International, Inc. (NYSE:WCC - Get Free Report) EVP Nelson John Squires III sold 10,000 shares of the company's stock in a transaction that occurred 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 owns 54,621 shares in the company, valued at $10,377,990. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

WESCO International Stock Performance

Shares of NYSE WCC traded down $3.80 during mid-day trading on Friday, hitting $188.17. The company had a trading volume of 927,268 shares, compared to its average volume of 736,339. The stock has a market cap of $9.25 billion, a price-to-earnings ratio of 15.07, a PEG ratio of 1.59 and a beta of 2.01. WESCO International, Inc. has a 12 month low of $131.38 and a 12 month high of $195.99. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.21 and a quick ratio of 1.34. The firm's 50 day simple moving average is $168.15 and its two-hundred day simple moving average is $167.47.

WESCO International (NYSE:WCC - Get Free Report) last announced its earnings results on Thursday, October 31st. The technology company reported $3.58 earnings per share for the quarter, beating the consensus estimate of $3.22 by $0.36. The firm 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 firm's revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.49 EPS. As a group, equities research analysts forecast that WESCO International, Inc. will post 12.04 earnings per share for the current year.

WESCO International Dividend Announcement

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

Analyst Upgrades and Downgrades

WCC has been the topic of several research reports. Royal Bank of Canada upped their price objective on WESCO International from $186.00 to $199.00 and gave the company a "sector perform" rating in a research note on Friday. Loop Capital upped their price objective on WESCO International from $190.00 to $210.00 and gave the company a "buy" rating in a research note on Friday, September 27th. Robert W. Baird upped their price objective on WESCO International from $215.00 to $223.00 and gave the company an "outperform" rating in a research note on Friday. Baird R W upgraded WESCO International from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 16th. Finally, Oppenheimer increased their price target on WESCO International from $205.00 to $225.00 and gave the stock an "outperform" rating in a research report on Friday. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $206.71.

Hedge Funds Weigh In On WESCO International

Several hedge funds have recently modified their holdings of WCC. BNP Paribas Financial Markets grew its holdings in shares of WESCO International by 163.5% in the 1st quarter. BNP Paribas Financial Markets now owns 24,236 shares of the technology company's stock worth $4,151,000 after acquiring an additional 15,037 shares during the last quarter. Hosking Partners LLP grew its holdings in shares of WESCO International by 68.6% in the 1st 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 grew its holdings in shares of WESCO International by 9.9% in the 1st quarter. Quent Capital LLC now owns 3,703 shares of the technology company's stock worth $634,000 after acquiring an additional 333 shares during the last quarter. TimesSquare Capital Management LLC acquired a new position in shares of WESCO International in the 1st quarter worth $463,000. Finally, Russell Investments Group Ltd. grew its holdings 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 worth $12,486,000 after acquiring an additional 31,200 shares during the last quarter. 93.76% of the stock is currently owned by institutional investors and hedge funds.

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).