Insider Selling: WESCO International (NYSE:WCC) EVP Sells $1,043,758.38 in Stock

WESCO International, Inc. (NYSE:WCC) EVP Diane Lazzaris sold 4,039 shares of the company’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $258.42, for a total transaction of $1,043,758.38. Following the sale, the executive vice president owned 45,401 shares of the company’s stock, valued at $11,732,526.42. This trade represents a 8.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Diane Lazzaris also recently made the following trade(s):

• On Tuesday, November 4th, Diane Lazzaris sold 7,522 shares of WESCO International stock. The stock was sold at an average price of $256.00, for a total value of $1,925,632.00.
• On Tuesday, August 26th, Diane Lazzaris sold 3,160 shares of WESCO International stock. The shares were sold at an average price of $226.27, for a total value of $715,013.20.
• On Thursday, August 28th, Diane Lazzaris sold 4,260 shares of WESCO International stock. The stock was sold at an average price of $226.77, for a total value of $966,040.20.

WESCO International Stock Down 1.0%

WCC opened at $254.70 on Friday. The business has a 50 day moving average of $222.00 and a 200-day moving average of $199.98. The stock has a market capitalization of $12.39 billion, a price-to-earnings ratio of 19.94, a P/E/G ratio of 1.77 and a beta of 1.79. The company has a current ratio of 2.09, a quick ratio of 1.19 and a debt-to-equity ratio of 1.19. WESCO International, Inc. has a 1-year low of $125.21 and a 1-year high of $263.37.

WESCO International (NYSE:WCC) last announced its earnings results on Thursday, October 30th. The technology company reported $3.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.75 by $0.17. The business had revenue of $6.20 billion for the quarter, compared to analyst estimates of $5.91 billion. WESCO International had a net margin of 2.98% and a return on equity of 12.96%. WESCO International’s revenue was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.58 earnings per share. WESCO International has set its FY 2025 guidance at 13.100-13.600 EPS. As a group, sell-side analysts anticipate that WESCO International, Inc. will post 13.3 earnings per share for the current year.

WESCO International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 12th were paid a $0.4538 dividend. This represents a $1.82 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Friday, September 12th. WESCO International’s dividend payout ratio (DPR) is presently 14.20%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Rothschild Investment LLC boosted its stake in shares of WESCO International by 788.2% in the 3rd quarter. Rothschild Investment LLC now owns 151 shares of the technology company’s stock valued at $32,000 after purchasing an additional 134 shares in the last quarter. Rhumbline Advisers boosted its position in WESCO International by 4.9% in the third quarter. Rhumbline Advisers now owns 127,991 shares of the technology company’s stock valued at $27,070,000 after buying an additional 5,961 shares in the last quarter. Impax Asset Management Group plc bought a new stake in WESCO International during the third quarter worth about $1,082,000. Jones Financial Companies Lllp increased its holdings in shares of WESCO International by 49.5% during the third quarter. Jones Financial Companies Lllp now owns 7,899 shares of the technology company’s stock worth $1,689,000 after buying an additional 2,617 shares in the last quarter. Finally, Transcend Capital Advisors LLC acquired a new stake in shares of WESCO International during the third quarter worth approximately $204,000. 93.75% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Oppenheimer boosted their price target on WESCO International from $225.00 to $255.00 and gave the company an “outperform” rating in a research note on Friday, September 5th. KeyCorp boosted their price objective on WESCO International from $258.00 to $300.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. Barclays assumed coverage on WESCO International in a research report on Wednesday, October 8th. They issued an “overweight” rating and a $258.00 target price for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of WESCO International in a report on Wednesday, October 8th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and set a $240.00 price objective (up from $230.00) on shares of WESCO International in a report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, WESCO International has an average rating of “Moderate Buy” and an average target price of $248.89.

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).