WESCO International, Inc. (NYSE:WCC) Receives $215.88 Consensus Price Target from Analysts

Shares of WESCO International, Inc. (NYSE:WCC - Get Free Report) have earned a consensus recommendation of "Buy" from the nine research firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $215.88.

A number of research firms have recently issued reports on WCC. Jefferies Financial Group lifted their price objective on shares of WESCO International from $225.00 to $245.00 and gave the company a "buy" rating in a report on Friday, December 6th. Oppenheimer lifted their price target on shares of WESCO International from $205.00 to $225.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Loop Capital increased their price objective on shares of WESCO International from $190.00 to $210.00 and gave the stock a "buy" rating in a research note on Friday, September 27th. Royal Bank of Canada lifted their target price on WESCO International from $186.00 to $199.00 and gave the company a "sector perform" rating in a research report on Friday, November 1st. Finally, Stephens upped their target price on WESCO International from $190.00 to $205.00 and gave the stock an "overweight" rating in a report on Tuesday, November 5th.

WESCO International Price Performance

Shares of NYSE WCC opened at $178.09 on Friday. The company has a fifty day moving average price of $194.55 and a 200 day moving average price of $174.58. The firm has a market cap of $8.73 billion, a PE ratio of 14.26, a PEG ratio of 1.55 and a beta of 2.01. The company has a current ratio of 2.21, a quick ratio of 1.29 and a debt-to-equity ratio of 0.99. WESCO International has a 1-year low of $132.37 and a 1-year high of $216.17.

WESCO International (NYSE:WCC - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The technology company reported $3.58 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.36. WESCO International had a return on equity of 13.19% and a net margin of 3.19%. The company had revenue of $5.49 billion during the quarter, compared to analysts' expectations of $5.46 billion. During the same period in the prior year, the firm earned $4.49 earnings per share. WESCO International's revenue for the quarter was down 2.7% compared to the same quarter last year. Research analysts predict that WESCO International will post 12.3 earnings per share for the current fiscal year.

WESCO International Announces Dividend

The firm also recently disclosed 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 of this dividend is Friday, December 13th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 0.93%. WESCO International's payout ratio is 13.21%.

Insider Buying and Selling

In related news, CFO David S. Schulz sold 14,938 shares of WESCO International stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $206.55, for a total transaction of $3,085,443.90. Following the completion of the sale, the chief financial officer now owns 104,471 shares of the company's stock, valued at approximately $21,578,485.05. The trade was a 12.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Nelson John Squires III sold 10,000 shares of the stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $190.00, for a total transaction of $1,900,000.00. Following the completion of the transaction, the executive vice president now directly owns 54,621 shares in the company, valued at approximately $10,377,990. This represents a 15.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 33,586 shares of company stock valued at $6,565,762. 3.10% of the stock is owned by insiders.

Institutional Trading of WESCO International

Several institutional investors have recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. boosted 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 valued at $26,000 after purchasing an additional 69 shares during the period. V Square Quantitative Management LLC acquired a new stake in shares of WESCO International in the third quarter valued at approximately $28,000. UMB Bank n.a. boosted 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 valued at $106,000 after buying an additional 98 shares during the period. Innealta Capital LLC acquired a new stake in WESCO International during the second quarter worth approximately $152,000. Finally, Highland Capital Management LLC bought a new position in WESCO International during the 3rd quarter worth $221,000. 93.76% of the stock is currently owned by 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).