WESCO International (NYSE:WCC) Stock Passes Above 200 Day Moving Average - What's Next?

WESCO International, Inc. (NYSE:WCC - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $175.42 and traded as high as $185.55. WESCO International shares last traded at $184.12, with a volume of 534,736 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms recently commented on WCC. KeyCorp boosted their price objective on shares of WESCO International from $225.00 to $245.00 and gave the stock an "overweight" rating in a report on Monday, December 9th. StockNews.com upgraded WESCO International from a "hold" rating to a "buy" rating in a report on Monday, November 4th. Robert W. Baird boosted their target price on WESCO International from $215.00 to $223.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Baird R W upgraded WESCO International from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 16th. Finally, Jefferies Financial Group boosted their price objective on shares of WESCO International from $225.00 to $245.00 and gave the stock a "buy" rating in a research report on Friday, December 6th. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $215.88.

WESCO International Trading Down 0.5 %

The business's fifty day moving average price is $195.40 and its 200 day moving average price is $175.42. The company has a quick ratio of 1.29, a current ratio of 2.21 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $8.98 billion, a PE ratio of 14.67, a P/E/G ratio of 1.55 and a beta of 2.02.

WESCO International (NYSE:WCC - Get Free Report) last issued its quarterly 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. 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 the consensus estimate of $5.46 billion. During the same period in the previous year, the firm posted $4.49 EPS. WESCO International's revenue was down 2.7% on a year-over-year basis. As a group, analysts expect that WESCO International, Inc. will post 12.3 EPS for the current fiscal year.

WESCO International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a $0.4125 dividend. This represents a $1.65 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend was Friday, December 13th. WESCO International's dividend payout ratio (DPR) is 13.21%.

Insider Activity

In related news, EVP William Clayton Geary sold 2,829 shares of WESCO International stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $205.73, for a total value of $582,010.17. Following the transaction, the executive vice president now owns 35,063 shares in the company, valued at approximately $7,213,510.99. This trade represents a 7.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David S. Schulz sold 14,938 shares of the company's stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $206.55, for a total value of $3,085,443.90. Following the sale, the chief financial officer now owns 104,471 shares of the company's stock, valued at $21,578,485.05. This represents a 12.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,767 shares of company stock valued at $5,567,454 in the last 90 days. 3.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Thompson Siegel & Walmsley LLC boosted its holdings in WESCO International by 341.8% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 258,486 shares of the technology company's stock worth $43,420,000 after acquiring an additional 199,975 shares during the period. Harbor Capital Advisors Inc. grew its holdings in WESCO International by 142.8% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 30,063 shares of the technology company's stock valued at $5,050,000 after purchasing an additional 17,682 shares in the last quarter. Geode Capital Management LLC increased its stake in WESCO International by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 762,653 shares of the technology company's stock worth $128,143,000 after buying an additional 22,080 shares during the period. Clearbridge Investments LLC acquired a new position in WESCO International in the 2nd quarter worth $52,782,000. Finally, Heritage Wealth Management Inc. purchased a new position in WESCO International in the 2nd quarter valued at about $723,000. 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).