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

WESCO International, Inc. (NYSE:WCC) has been given an average rating of “Buy” by the nine research firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $215.88.

A number of analysts have recently weighed in on the company. Robert W. Baird increased their price objective on WESCO International from $215.00 to $223.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Loop Capital boosted their price objective on shares of WESCO International from $190.00 to $210.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Stephens increased their target price on shares of WESCO International from $190.00 to $205.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. KeyCorp upped their price target on WESCO International from $225.00 to $245.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Finally, Baird R W upgraded WESCO International from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th.

WESCO International Price Performance

WCC stock opened at $178.57 on Friday. The firm has a market cap of $8.75 billion, a P/E ratio of 14.30, a P/E/G ratio of 1.55 and a beta of 2.01. The firm’s fifty day moving average is $194.80 and its 200 day moving average is $174.70. WESCO International has a 52 week low of $132.37 and a 52 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.

WESCO International (NYSE:WCC) last announced its quarterly earnings data on Thursday, October 31st. The technology company reported $3.58 earnings per share (EPS) 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 last year, the firm earned $4.49 earnings per share. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. Research analysts predict that WESCO International will post 12.3 earnings per share for the current year.

WESCO International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a dividend of $0.4125 per share. This represents a $1.65 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date is Friday, December 13th. WESCO International’s dividend payout ratio (DPR) is presently 13.21%.

Insider Transactions at WESCO International

In other news, CFO David S. Schulz sold 14,938 shares of WESCO International stock in a transaction dated 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 $21,578,485.05. The trade was a 12.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Nelson John Squires III sold 10,000 shares of the stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $190.00, for a total transaction of $1,900,000.00. Following the sale, the executive vice president now directly owns 54,621 shares in the company, valued at $10,377,990. This trade represents a 15.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,767 shares of company stock valued at $5,567,454 in the last three months. 3.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On WESCO International

A number of hedge funds have recently bought and sold shares of the business. Thompson Siegel & Walmsley LLC boosted its holdings in shares of WESCO International by 341.8% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 258,486 shares of the technology company’s stock valued at $43,420,000 after acquiring an additional 199,975 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in WESCO International by 142.8% during the third quarter. Harbor Capital Advisors Inc. now owns 30,063 shares of the technology company’s stock valued at $5,050,000 after purchasing an additional 17,682 shares during the period. Geode Capital Management LLC grew its position in WESCO International by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 762,653 shares of the technology company’s stock worth $128,143,000 after purchasing an additional 22,080 shares during the period. Clearbridge Investments LLC purchased a new stake in WESCO International during the 2nd quarter valued at $52,782,000. Finally, Heritage Wealth Management Inc. bought a new position in shares of WESCO International during the 2nd quarter valued at $723,000. Hedge funds and other institutional investors 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).