Brokerages Set WESCO International, Inc. (NYSE:WCC) PT at $215.88

WESCO International, Inc. (NYSE:WCC) has earned a consensus recommendation of “Buy” from the nine research firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $215.88.

Several analysts have recently commented on the stock. Oppenheimer raised their price objective 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. Loop Capital raised their price target on WESCO International from $190.00 to $210.00 and gave the company a “buy” rating in a report on Friday, September 27th. StockNews.com upgraded WESCO International from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. KeyCorp increased their target price on WESCO International from $225.00 to $245.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Finally, Stephens lifted their target price on WESCO International from $190.00 to $205.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th.

Insider Activity

In other news, EVP William Clayton Geary sold 2,829 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 35,063 shares of the company’s stock, valued at $7,213,510.99. This trade represents a 7.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO David S. Schulz sold 14,938 shares of WESCO International stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer now owns 104,471 shares of the company’s stock, valued at approximately $21,578,485.05. This trade represents a 12.51 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,767 shares of company stock worth $5,567,454. 3.10% of the stock is currently owned by insiders.

Institutional Trading of WESCO International

A number of institutional investors have recently bought and sold shares of WCC. Whittier Trust Co. of Nevada Inc. raised its stake in shares of WESCO International by 71.1% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 166 shares of the technology company’s stock valued at $26,000 after acquiring an additional 69 shares during the period. V Square Quantitative Management LLC purchased a new stake in WESCO International in the 3rd quarter worth about $28,000. UMB Bank n.a. lifted its stake in WESCO International by 18.3% in the third quarter. UMB Bank n.a. now owns 633 shares of the technology company’s stock worth $106,000 after purchasing an additional 98 shares during the last quarter. Innealta Capital LLC purchased a new position in shares of WESCO International during the second quarter valued at approximately $152,000. Finally, Highland Capital Management LLC bought a new position in shares of WESCO International during the third quarter valued at approximately $221,000. 93.76% of the stock is currently owned by institutional investors.

WESCO International Price Performance

NYSE WCC opened at $178.57 on Friday. The business’s fifty day moving average is $194.80 and its 200 day moving average is $174.70. WESCO International has a fifty-two week low of $132.37 and a fifty-two week high of $216.17. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.29 and a current ratio of 2.21. The company has a market capitalization of $8.75 billion, a PE ratio of 14.30, a price-to-earnings-growth ratio of 1.55 and a beta of 2.01.

WESCO International (NYSE:WCC) last released its earnings results on Thursday, October 31st. The technology company reported $3.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.36. WESCO International had a net margin of 3.19% and a return on equity of 13.19%. The company had revenue of $5.49 billion during the quarter, compared to analyst estimates of $5.46 billion. During the same period in the prior year, the firm posted $4.49 EPS. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. Sell-side analysts predict that WESCO International will post 12.3 earnings per share for the current year.

WESCO International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.4125 dividend. This represents a $1.65 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend is Friday, December 13th. WESCO International’s payout ratio is 13.21%.

WESCO International Company Profile

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).