WESCO International (NYSE:WCC) Upgraded to Buy at StockNews.com

WESCO International (NYSE:WCC - Get Free Report) was upgraded by stock analysts at StockNews.com from a "hold" rating to a "buy" rating in a research note issued to investors on Monday.

WCC has been the subject of several other reports. Royal Bank of Canada upped their target price on WESCO International from $186.00 to $199.00 and gave the stock a "sector perform" rating in a research note on Friday. KeyCorp increased their price objective on WESCO International from $195.00 to $225.00 and gave the company an "overweight" rating in a research note on Friday. Loop Capital increased 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. Stephens reissued an "overweight" rating and issued a $190.00 price objective on shares of WESCO International in a research note on Monday, August 5th. Finally, Robert W. Baird increased 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. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $206.71.

WESCO International Stock Down 1.9 %

NYSE WCC traded down $3.56 during trading on Monday, hitting $184.61. The company's stock had a trading volume of 706,903 shares, compared to its average volume of 701,015. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.21 and a quick ratio of 1.34. WESCO International has a fifty-two week low of $132.37 and a fifty-two week high of $195.99. The company has a market cap of $9.08 billion, a PE ratio of 14.78, a P/E/G ratio of 1.59 and a beta of 2.01. The business's 50 day simple moving average is $168.15 and its 200-day simple moving average is $167.66.

WESCO International (NYSE:WCC - Get Free Report) last released its earnings results on Thursday, October 31st. The technology company reported $3.58 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $5.46 billion. During the same quarter in the previous year, the company posted $4.49 earnings per share. The company's revenue was down 2.7% compared to the same quarter last year. On average, equities analysts anticipate that WESCO International will post 12.04 EPS for the current fiscal year.

Insider Activity

In other news, Director Steven A. Raymund sold 5,819 shares of WESCO International stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $171.56, for a total value of $998,307.64. Following the completion of the transaction, 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Steven A. Raymund sold 5,819 shares of the firm's 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 sale, the director now owns 27,004 shares of the company's stock, valued at approximately $4,632,806.24. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 in the company, valued at $10,377,990. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.10% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of WCC. BNP Paribas Financial Markets grew its stake 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 valued at $4,151,000 after purchasing an additional 15,037 shares during the last quarter. Quent Capital LLC boosted its stake in shares of WESCO International by 9.9% in the first quarter. Quent Capital LLC now owns 3,703 shares of the technology company's stock valued at $634,000 after buying an additional 333 shares in the last quarter. TimesSquare Capital Management LLC purchased a new stake in shares of WESCO International in the first quarter valued at approximately $463,000. Russell Investments Group Ltd. boosted its stake in shares of WESCO International by 74.8% in the first quarter. Russell Investments Group Ltd. now owns 72,897 shares of the technology company's stock valued at $12,486,000 after buying an additional 31,200 shares in the last quarter. Finally, Motley Fool Asset Management LLC purchased a new stake in shares of WESCO International in the first quarter valued at approximately $543,000. 93.76% of the stock is currently owned by hedge funds and other institutional investors.

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).

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