Insider Selling: WESCO International, Inc. (NYSE:WCC) EVP Sells $582,010.17 in Stock

WESCO International, Inc. (NYSE:WCC) EVP William Clayton Geary sold 2,829 shares of WESCO International stock in a transaction dated 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 owns 35,063 shares of the company’s stock, valued at $7,213,510.99. The trade was a 7.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

WESCO International Stock Down 1.7 %

WCC stock opened at $204.25 on Friday. WESCO International, Inc. has a twelve month low of $132.37 and a twelve month high of $213.75. 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 stock has a market cap of $10.01 billion, a P/E ratio of 16.35, a PEG ratio of 1.69 and a beta of 2.01. The business’s 50-day moving average price is $176.84 and its 200-day moving average price is $170.74.

WESCO International (NYSE:WCC) last posted its quarterly earnings data on Thursday, October 31st. The technology company reported $3.58 earnings per share for the quarter, beating analysts’ consensus estimates of $3.22 by $0.36. WESCO International had a return on equity of 13.19% and a net margin of 3.19%. The firm had revenue of $5.49 billion for the quarter, compared to analysts’ expectations of $5.46 billion. During the same period in the previous year, the firm earned $4.49 EPS. The business’s quarterly revenue was down 2.7% on a year-over-year basis. On average, equities research analysts forecast that WESCO International, Inc. will post 12.22 EPS for the current year.

WESCO International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a dividend of $0.4125 per share. The ex-dividend date was Friday, September 13th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 0.81%. WESCO International’s payout ratio is currently 13.21%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in WCC. Whittier Trust Co. of Nevada Inc. lifted its position in shares of WESCO International by 71.1% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 166 shares of the technology company’s stock valued at $26,000 after buying an additional 69 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in WESCO International in the 3rd quarter worth approximately $28,000. GAMMA Investing LLC lifted its holdings in WESCO International by 65.4% in the 2nd quarter. GAMMA Investing LLC now owns 253 shares of the technology company’s stock worth $40,000 after purchasing an additional 100 shares in the last quarter. UMB Bank n.a. lifted its holdings in WESCO International by 18.3% in the 3rd quarter. UMB Bank n.a. now owns 633 shares of the technology company’s stock worth $106,000 after purchasing an additional 98 shares in the last quarter. Finally, Innealta Capital LLC purchased a new position in WESCO International in the 2nd quarter worth approximately $152,000. 93.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Stephens lifted their price objective on WESCO International from $190.00 to $205.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Robert W. Baird lifted their price objective on WESCO International from $215.00 to $223.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Royal Bank of Canada boosted their price target on WESCO International from $186.00 to $199.00 and gave the company a “sector perform” rating in a research note on Friday, November 1st. StockNews.com upgraded WESCO International from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Finally, KeyCorp boosted their price target on WESCO International from $195.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $208.86.

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).