Steven A. Raymund Sells 5,819 Shares of WESCO International, Inc. (NYSE:WCC) Stock

WESCO International, Inc. (NYSE:WCC) Director Steven A. Raymund sold 5,819 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $171.56, for a total transaction of $998,307.64. Following the completion of the transaction, the director now owns 27,004 shares in the company, valued at approximately $4,632,806.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

WESCO International Stock Performance

NYSE WCC opened at $171.58 on Friday. The company has a market cap of $8.72 billion, a P/E ratio of 14.29, a PEG ratio of 1.38 and a beta of 2.03. The company has a fifty day simple moving average of $161.63 and a 200 day simple moving average of $166.36. The company has a current ratio of 2.28, a quick ratio of 1.34 and a debt-to-equity ratio of 1.07. WESCO International, Inc. has a 12-month low of $122.30 and a 12-month high of $195.43.

WESCO International (NYSE:WCC) last issued its quarterly earnings data on Thursday, August 1st. The technology company reported $3.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.27). WESCO International had a net margin of 3.30% and a return on equity of 14.44%. The business had revenue of $5.48 billion for the quarter, compared to analyst estimates of $5.55 billion. During the same quarter in the prior year, the business earned $3.71 earnings per share. The firm’s quarterly revenue was down 4.6% compared to the same quarter last year. Sell-side analysts predict that WESCO International, Inc. will post 12.14 earnings per share for the current fiscal year.

WESCO International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be paid a $0.4125 dividend. This represents a $1.65 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend is Friday, September 13th. WESCO International’s dividend payout ratio (DPR) is presently 13.74%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on WCC. Loop Capital boosted their price objective on WESCO International from $190.00 to $210.00 and gave the company a “buy” rating in a research note on Friday. Royal Bank of Canada increased their price target on WESCO International from $171.00 to $187.00 and gave the stock a “sector perform” rating in a report on Friday. Stephens reiterated an “overweight” rating and issued a $190.00 price objective on shares of WESCO International in a research note on Monday, August 5th. KeyCorp cut their target price on shares of WESCO International from $205.00 to $195.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Finally, Robert W. Baird decreased their price target on shares of WESCO International from $195.00 to $172.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $189.86.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Heritage Wealth Management Inc. bought a new position in WESCO International during the 2nd quarter valued at $723,000. Clearbridge Investments LLC bought a new stake in WESCO International in the 2nd quarter worth about $52,782,000. Pacer Advisors Inc. lifted its position in shares of WESCO International by 23,727.4% during the 2nd quarter. Pacer Advisors Inc. now owns 1,589,048 shares of the technology company’s stock worth $251,896,000 after buying an additional 1,582,379 shares in the last quarter. Thompson Siegel & Walmsley LLC boosted its stake in shares of WESCO International by 0.3% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 58,511 shares of the technology company’s stock worth $9,275,000 after buying an additional 173 shares during the last quarter. Finally, Davis Selected Advisers grew its holdings in shares of WESCO International by 1.5% in the second quarter. Davis Selected Advisers now owns 193,646 shares of the technology company’s stock valued at $30,697,000 after acquiring an additional 2,824 shares in the last quarter. Institutional investors own 93.76% of the company’s stock.

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).