WESCO International, Inc. (NYSE:WCC) Short Interest Down 21.4% in December

WESCO International, Inc. (NYSE:WCC) saw a significant drop in short interest in December. As of December 31st, there was short interest totaling 2,049,346 shares, a drop of 21.4% from the December 15th total of 2,608,467 shares. Based on an average daily trading volume, of 450,889 shares, the short-interest ratio is presently 4.5 days. Currently, 4.3% of the company’s stock are short sold. Currently, 4.3% of the company’s stock are short sold. Based on an average daily trading volume, of 450,889 shares, the short-interest ratio is presently 4.5 days.

Insiders Place Their Bets

In other WESCO International news, EVP Christine Ann Wolf sold 4,685 shares of the business’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 completion of the sale, the executive vice president owned 30,195 shares of the company’s stock, valued at $7,836,206.40. The trade was a 13.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Matthew S. Kulasa sold 790 shares of the stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $253.18, for a total value of $200,012.20. Following the transaction, the chief accounting officer directly owned 3,320 shares in the company, valued at approximately $840,557.60. This represents a 19.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 17,036 shares of company stock valued at $4,385,254 over the last quarter. Insiders own 3.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Parallel Advisors LLC boosted its holdings in WESCO International by 13.4% during the second quarter. Parallel Advisors LLC now owns 507 shares of the technology company’s stock valued at $94,000 after purchasing an additional 60 shares in the last quarter. Farmers & Merchants Investments Inc. boosted its stake in WESCO International by 1.8% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 193,277 shares of the technology company’s stock valued at $35,795,000 after buying an additional 3,366 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in WESCO International by 38.7% in the second quarter. Public Employees Retirement System of Ohio now owns 82,957 shares of the technology company’s stock valued at $15,364,000 after acquiring an additional 23,164 shares during the period. Greenleaf Trust grew its position in WESCO International by 10.0% in the second quarter. Greenleaf Trust now owns 2,597 shares of the technology company’s stock valued at $481,000 after acquiring an additional 237 shares during the period. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in WESCO International during the second quarter worth $75,136,000. Institutional investors and hedge funds own 93.75% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on WCC shares. Royal Bank Of Canada upgraded shares of WESCO International from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $262.00 to $302.00 in a research note on Wednesday, November 19th. JPMorgan Chase & Co. boosted their target price on shares of WESCO International from $260.00 to $290.00 and gave the stock an “overweight” rating in a research report on Friday. Barclays upped their price target on shares of WESCO International from $274.00 to $302.00 and gave the company an “overweight” rating in a report on Monday, January 12th. KeyCorp lifted their price objective on WESCO International from $258.00 to $300.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st. Finally, Wall Street Zen downgraded WESCO International from a “buy” rating to a “hold” rating in a research note on Saturday. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $265.50.

WESCO International Stock Performance

WESCO International stock traded down $2.14 during trading hours on Friday, hitting $281.77. The stock had a trading volume of 523,023 shares, compared to its average volume of 385,604. The company has a 50-day moving average of $261.32 and a two-hundred day moving average of $231.59. The company has a quick ratio of 1.20, a current ratio of 2.09 and a debt-to-equity ratio of 1.18. WESCO International has a fifty-two week low of $125.21 and a fifty-two week high of $285.20. The company has a market cap of $13.71 billion, a PE ratio of 22.10, a price-to-earnings-growth ratio of 1.79 and a beta of 1.45.

WESCO International (NYSE:WCC) last released its quarterly earnings data 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. The business had revenue of $6.20 billion for the quarter, compared to analysts’ expectations of $5.91 billion. WESCO International had a return on equity of 13.12% and a net margin of 2.81%.WESCO International’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period in the previous year, the business posted $3.58 earnings per share. WESCO International has set its FY 2025 guidance at 13.100-13.600 EPS. On average, equities research analysts anticipate that WESCO International will post 13.3 EPS for the current fiscal year.

WESCO International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a dividend of $0.4538 per share. This represents a $1.82 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, December 12th. WESCO International’s dividend payout ratio (DPR) is presently 14.20%.

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.