WESCO International (NYSE:WCC) Sets New 1-Year Low - Time to Sell?

WESCO International, Inc. (NYSE:WCC - Get Free Report) shares hit a new 52-week low on Thursday . The company traded as low as $141.30 and last traded at $143.20, with a volume of 1374916 shares changing hands. The stock had previously closed at $162.39.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on WCC. Royal Bank of Canada increased their target price on WESCO International from $212.00 to $213.00 and gave the stock a "sector perform" rating in a research note on Wednesday, February 12th. Stephens increased their price objective on WESCO International from $205.00 to $215.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. StockNews.com lowered shares of WESCO International from a "buy" rating to a "hold" rating in a research report on Wednesday, February 12th. Finally, KeyCorp cut their price target on shares of WESCO International from $245.00 to $205.00 and set an "overweight" rating for the company in a report on Monday, March 17th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $219.43.

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WESCO International Stock Down 3.2 %

The company has a current ratio of 2.20, a quick ratio of 1.27 and a debt-to-equity ratio of 1.02. The firm has a 50 day moving average price of $171.02 and a 200-day moving average price of $181.72. The firm has a market cap of $6.47 billion, a price-to-earnings ratio of 10.15, a P/E/G ratio of 1.45 and a beta of 1.83.

WESCO International (NYSE:WCC - Get Free Report) last announced its earnings results on Tuesday, February 11th. The technology company reported $3.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.23 by ($0.07). WESCO International had a return on equity of 13.63% and a net margin of 3.29%. On average, equities analysts forecast that WESCO International, Inc. will post 13.3 EPS for the current year.

WESCO International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a dividend of $0.4538 per share. This represents a $1.82 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from WESCO International's previous quarterly dividend of $0.41. WESCO International's dividend payout ratio is 13.85%.

Hedge Funds Weigh In On WESCO International

Institutional investors have recently made changes to their positions in the stock. V Square Quantitative Management LLC increased its position in WESCO International by 39.9% during the 4th quarter. V Square Quantitative Management LLC now owns 235 shares of the technology company's stock worth $43,000 after purchasing an additional 67 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of WESCO International by 43.5% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 267 shares of the technology company's stock worth $48,000 after purchasing an additional 81 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of WESCO International by 25.0% during the fourth quarter. GAMMA Investing LLC now owns 375 shares of the technology company's stock worth $68,000 after buying an additional 75 shares in the last quarter. Parallel Advisors LLC raised its position in shares of WESCO International by 21.1% in the first quarter. Parallel Advisors LLC now owns 447 shares of the technology company's stock valued at $69,000 after buying an additional 78 shares during the last quarter. Finally, Millstone Evans Group LLC purchased a new position in shares of WESCO International during the fourth quarter valued at approximately $122,000. 93.76% of the stock is 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).