WESCO International, Inc. (NYSE:WCC) Receives $184.67 Consensus PT from Brokerages

WESCO International, Inc. (NYSE:WCC) has received a consensus rating of “Moderate Buy” from the five ratings firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $184.67.

Several analysts recently weighed in on the stock. Robert W. Baird reduced their price objective on shares of WESCO International from $203.00 to $170.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 14th. StockNews.com cut WESCO International from a “buy” rating to a “hold” rating in a research note on Wednesday, February 14th. KeyCorp lifted their price objective on WESCO International from $165.00 to $190.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. JPMorgan Chase & Co. decreased their target price on shares of WESCO International from $180.00 to $175.00 and set an “overweight” rating for the company in a research report on Friday, March 15th. Finally, Royal Bank of Canada lowered shares of WESCO International from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from $202.00 to $173.00 in a report on Tuesday, February 13th.

WESCO International Price Performance

Shares of WCC opened at $154.14 on Monday. The company has a quick ratio of 1.42, a current ratio of 2.48 and a debt-to-equity ratio of 1.06. The stock has a market cap of $7.85 billion, a PE ratio of 11.38, a PEG ratio of 1.07 and a beta of 2.06. WESCO International has a 12-month low of $121.90 and a 12-month high of $195.43. The business has a 50-day simple moving average of $159.23 and a two-hundred day simple moving average of $158.63.

WESCO International (NYSE:WCC) last released its quarterly earnings data on Tuesday, February 13th. The technology company reported $2.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.86 by ($1.21). WESCO International had a net margin of 3.42% and a return on equity of 17.01%. The firm had revenue of $5.50 billion during the quarter, compared to analyst estimates of $5.59 billion. During the same period in the prior year, the company earned $4.13 EPS. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. Analysts anticipate that WESCO International will post 14.19 earnings per share for the current fiscal year.

WESCO International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a $0.4125 dividend. The ex-dividend date was Thursday, March 14th. This is a positive change from WESCO International’s previous quarterly dividend of $0.38. This represents a $1.65 annualized dividend and a yield of 1.07%. WESCO International’s payout ratio is 12.19%.

Insider Transactions at WESCO International

In other WESCO International news, EVP Nelson John Squires III sold 3,490 shares of WESCO International stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $190.00, for a total value of $663,100.00. Following the completion of the sale, the executive vice president now directly owns 54,385 shares of the company’s stock, valued at $10,333,150. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other WESCO International news, EVP Nelson John Squires III sold 3,490 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $190.00, for a total value of $663,100.00. Following the transaction, the executive vice president now owns 54,385 shares in the company, valued at $10,333,150. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP James Cameron sold 5,352 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $156.39, for a total value of $836,999.28. Following the sale, the executive vice president now owns 33,595 shares of the company’s stock, valued at approximately $5,253,922.05. The disclosure for this sale can be found here. Insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. AEGON ASSET MANAGEMENT UK Plc bought a new stake in shares of WESCO International during the fourth quarter worth about $2,256,000. First Hawaiian Bank boosted its stake in WESCO International by 2.1% during the 3rd quarter. First Hawaiian Bank now owns 5,501 shares of the technology company’s stock valued at $791,000 after purchasing an additional 113 shares during the last quarter. Amalgamated Bank increased its holdings in WESCO International by 16.1% during the 3rd quarter. Amalgamated Bank now owns 34,221 shares of the technology company’s stock worth $4,922,000 after purchasing an additional 4,733 shares in the last quarter. Thompson Siegel & Walmsley LLC raised its stake in shares of WESCO International by 2.6% in the third quarter. Thompson Siegel & Walmsley LLC now owns 54,985 shares of the technology company’s stock worth $7,908,000 after purchasing an additional 1,390 shares during the last quarter. Finally, Van ECK Associates Corp lifted its holdings in shares of WESCO International by 119.7% in the third quarter. Van ECK Associates Corp now owns 15,871 shares of the technology company’s stock valued at $2,283,000 after purchasing an additional 8,647 shares in the last quarter. Institutional investors and hedge funds own 93.76% of the company’s stock.

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).