WESCO International (NYSE:WCC) Upgraded 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 on Friday.

Several other research firms also recently issued reports on WCC. 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 report on Friday, November 1st. 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. Baird R W upgraded shares of WESCO International from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 16th. Robert W. Baird lifted their price target on WESCO International from $215.00 to $223.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Finally, KeyCorp raised their target price on WESCO International from $225.00 to $245.00 and gave the company an "overweight" rating in a report on Monday, December 9th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $215.88.

WESCO International Trading Down 1.0 %

Shares of NYSE:WCC traded down $1.92 during mid-day trading on Friday, hitting $191.73. The company had a trading volume of 480,697 shares, compared to its average volume of 552,457. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.21 and a quick ratio of 1.29. WESCO International has a one year low of $132.37 and a one year high of $216.17. The firm has a fifty day moving average price of $194.37 and a 200 day moving average price of $176.46. The company has a market capitalization of $9.39 billion, a PE ratio of 15.35, a price-to-earnings-growth ratio of 1.27 and a beta of 2.02.

WESCO International (NYSE:WCC - Get Free Report) last announced its quarterly earnings data 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 analyst estimates of $5.46 billion. WESCO International had a net margin of 3.19% and a return on equity of 13.19%. The business's quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.49 earnings per share. As a group, research analysts forecast that WESCO International will post 12.3 EPS for the current year.

Insider Buying and Selling

In other news, CFO David S. Schulz sold 14,938 shares of the company's stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $206.55, for a total transaction of $3,085,443.90. Following the transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Nelson John Squires III sold 10,000 shares of the stock in a transaction on 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 transaction, the executive vice president now owns 54,621 shares of the company's stock, valued at $10,377,990. The trade was a 15.47 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 27,767 shares of company stock valued at $5,567,454. 3.10% of the stock is owned by insiders.

Hedge Funds Weigh In On WESCO International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WCC. Fifth Third Wealth Advisors LLC boosted its position in shares of WESCO International by 1.7% in the third quarter. Fifth Third Wealth Advisors LLC now owns 4,335 shares of the technology company's stock valued at $728,000 after acquiring an additional 71 shares during the period. GAMMA Investing LLC lifted its stake in WESCO International by 25.0% in the 4th quarter. GAMMA Investing LLC now owns 375 shares of the technology company's stock worth $68,000 after purchasing an additional 75 shares in the last quarter. MetLife Investment Management LLC boosted its holdings in WESCO International by 0.4% in the 3rd quarter. MetLife Investment Management LLC now owns 23,102 shares of the technology company's stock valued at $3,881,000 after purchasing an additional 85 shares during the period. UMB Bank n.a. grew its position in shares of WESCO International by 18.3% during the 3rd quarter. UMB Bank n.a. now owns 633 shares of the technology company's stock valued at $106,000 after purchasing an additional 98 shares in the last quarter. Finally, Greenleaf Trust increased its holdings in shares of WESCO International by 4.8% in the third quarter. Greenleaf Trust now owns 2,401 shares of the technology company's stock worth $403,000 after purchasing an additional 111 shares during the period. Institutional investors own 93.76% of the company's stock.

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).