WESCO International, Inc. (NYSE:WCC) Given Average Rating of “Moderate Buy” by Brokerages

WESCO International, Inc. (NYSE:WCC) has received an average rating of “Moderate Buy” from the nine analysts that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $256.3750.

WCC has been the subject of a number of research analyst reports. Barclays increased their target price on WESCO International from $258.00 to $274.00 and gave the company an “overweight” rating in a report on Thursday, November 13th. JPMorgan Chase & Co. increased their price objective on WESCO International from $225.00 to $245.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Weiss Ratings restated a “hold (c+)” rating on shares of WESCO International in a research report on Wednesday, October 8th. Royal Bank Of Canada upgraded WESCO International from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $262.00 to $302.00 in a report on Wednesday, November 19th. Finally, KeyCorp raised their price target on shares of WESCO International from $258.00 to $300.00 and gave the stock an “overweight” rating in a report on Friday, October 31st.

WESCO International Price Performance

NYSE WCC opened at $251.99 on Wednesday. The company has a current ratio of 2.09, a quick ratio of 1.20 and a debt-to-equity ratio of 1.18. WESCO International has a 1 year low of $125.21 and a 1 year high of $279.04. The company has a market cap of $12.26 billion, a PE ratio of 19.76, a PEG ratio of 1.61 and a beta of 1.45. The stock’s 50-day moving average price is $256.06 and its two-hundred day moving average price is $225.62.

WESCO International (NYSE:WCC) last released its quarterly earnings results on Thursday, October 30th. The technology company reported $3.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.75 by $0.17. WESCO International had a net margin of 2.81% and a return on equity of 13.12%. The business had revenue of $6.20 billion for the quarter, compared to analyst estimates of $5.91 billion. During the same quarter in the previous year, the business earned $3.58 earnings per share. The firm’s revenue was up 12.9% compared to the same quarter last year. WESCO International has set its FY 2025 guidance at 13.100-13.600 EPS. On average, analysts predict that WESCO International will post 13.3 EPS for the current year.

WESCO International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were paid a dividend of $0.4538 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 0.7%. WESCO International’s dividend payout ratio (DPR) is 14.27%.

Insider Transactions at WESCO International

In other WESCO International news, EVP Christine Ann Wolf sold 4,685 shares of the company’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $259.52, for a total value of $1,215,851.20. Following the transaction, the executive vice president directly owned 30,195 shares of the company’s stock, valued at $7,836,206.40. This represents a 13.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Diane Lazzaris sold 7,522 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $256.00, for a total transaction of $1,925,632.00. Following the transaction, the executive vice president directly owned 45,401 shares in the company, valued at approximately $11,622,656. The trade was a 14.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 17,036 shares of company stock valued at $4,385,254. 3.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Third Avenue Management LLC raised its position in shares of WESCO International by 35.6% in the second quarter. Third Avenue Management LLC now owns 20,093 shares of the technology company’s stock valued at $3,721,000 after purchasing an additional 5,271 shares during the period. Norman Fields Gottscho Capital Management LLC grew its stake in WESCO International by 112.7% in the 3rd quarter. Norman Fields Gottscho Capital Management LLC now owns 13,785 shares of the technology company’s stock valued at $2,916,000 after buying an additional 7,303 shares during the last quarter. Regency Capital Management Inc. DE acquired a new stake in shares of WESCO International in the third quarter valued at about $3,215,000. Gabelli Funds LLC increased its stake in shares of WESCO International by 51.1% in the second quarter. Gabelli Funds LLC now owns 16,390 shares of the technology company’s stock worth $3,035,000 after purchasing an additional 5,540 shares during the period. Finally, Pacer Advisors Inc. acquired a new position in shares of WESCO International during the 3rd quarter worth about $1,923,000. Institutional investors own 93.75% of the company’s stock.

About WESCO International

WESCO International, Inc is a leading global distributor of electrical, industrial, communications and utility products, serving a diverse customer base across maintenance, repair and operations (MRO), original equipment manufacturing (OEM) and construction markets. The company offers a comprehensive portfolio of products ranging from power distribution and automation solutions to data communications, security systems and lighting controls. Through an extensive branch network, WESCO provides critical components and value?added services that help organizations streamline operations and improve reliability in their facilities and infrastructure.

In addition to its broad product offering, WESCO delivers advanced supply chain management and logistics solutions designed to optimize inventory levels, reduce downtime and lower overall procurement costs.