WESCO International, Inc. (NYSE:WCC) Short Interest Down 21.4% in December

WESCO International, Inc. (NYSE:WCC) was the recipient of a large decrease in short interest in the month of December. As of December 31st, there was short interest totaling 2,049,346 shares, a decrease of 21.4% from the December 15th total of 2,608,467 shares. Approximately 4.3% of the company’s stock are sold short. Based on an average trading volume of 450,889 shares, the days-to-cover ratio is presently 4.5 days. Based on an average trading volume of 450,889 shares, the days-to-cover ratio is presently 4.5 days. Approximately 4.3% of the company’s stock are sold short.

WESCO International Price Performance

Shares of WCC traded down $6.17 during mid-day trading on Tuesday, hitting $275.46. The company’s stock had a trading volume of 148,888 shares, compared to its average volume of 463,390. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.09 and a quick ratio of 1.20. The firm has a 50-day moving average price of $261.74 and a 200 day moving average price of $232.48. WESCO International has a fifty-two week low of $125.21 and a fifty-two week high of $285.20. The stock has a market capitalization of $13.40 billion, a price-to-earnings ratio of 21.60, a PEG ratio of 1.79 and a beta of 1.45.

WESCO International (NYSE:WCC) last posted its quarterly earnings results on Thursday, October 30th. The technology company reported $3.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.75 by $0.17. WESCO International had a net margin of 2.81% and a return on equity of 13.12%. The firm had revenue of $6.20 billion for the quarter, compared to analyst estimates of $5.91 billion. During the same quarter in the previous year, the business posted $3.58 earnings per share. The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. WESCO International has set its FY 2025 guidance at 13.100-13.600 EPS. On average, research analysts predict that WESCO International will post 13.3 EPS for the current fiscal year.

WESCO International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were paid a $0.4538 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $1.82 dividend on an annualized basis and a yield of 0.7%. WESCO International’s dividend payout ratio (DPR) is currently 14.27%.

Insider Buying and Selling at WESCO International

In other news, EVP Christine Ann Wolf sold 4,685 shares of the business’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $259.52, for a total value of $1,215,851.20. Following the completion of the sale, the executive vice president owned 30,195 shares of the company’s stock, valued at approximately $7,836,206.40. The trade was a 13.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Diane Lazzaris sold 4,039 shares of WESCO International stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $258.42, for a total value of $1,043,758.38. Following the completion of the transaction, 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 disclosure for this sale is available in the SEC filing. Insiders sold 17,036 shares of company stock valued at $4,385,254 over the last 90 days. 3.10% of the stock is owned by corporate insiders.

Institutional Trading of WESCO International

Hedge funds and other institutional investors have recently modified their holdings of the business. Brown Brothers Harriman & Co. raised its holdings in shares of WESCO International by 166.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 133 shares of the technology company’s stock worth $28,000 after buying an additional 83 shares in the last quarter. Rothschild Investment LLC raised its stake in WESCO International by 788.2% during the third quarter. Rothschild Investment LLC now owns 151 shares of the technology company’s stock worth $32,000 after acquiring an additional 134 shares in the last quarter. Root Financial Partners LLC bought a new position in shares of WESCO International during the third quarter valued at $37,000. First Horizon Advisors Inc. increased its position in shares of WESCO International by 129.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 232 shares of the technology company’s stock worth $43,000 after purchasing an additional 131 shares in the last quarter. Finally, Rossby Financial LCC boosted its position in WESCO International by 117.4% in the third quarter. Rossby Financial LCC now owns 200 shares of the technology company’s stock valued at $43,000 after buying an additional 108 shares in the last quarter. Institutional investors and hedge funds own 93.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of WESCO International in a report on Wednesday, October 8th. KeyCorp increased their target price on shares of WESCO International from $258.00 to $300.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. JPMorgan Chase & Co. lifted their price target on shares of WESCO International from $260.00 to $290.00 and gave the company an “overweight” rating in a report on Friday. Barclays increased their price objective on shares of WESCO International from $274.00 to $302.00 and gave the stock an “overweight” rating in a research note on Monday, January 12th. Finally, Royal Bank Of Canada upgraded WESCO International from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $262.00 to $302.00 in a research report on Wednesday, November 19th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $265.50.

WESCO International Company Profile

WESCO International, Inc is a leading global distributor of electrical, industrial, communications and utility products, serving a diverse customer base across maintenance, repair and operations (MRO), original equipment manufacturing (OEM) and construction markets. The company offers a comprehensive portfolio of products ranging from power distribution and automation solutions to data communications, security systems and lighting controls. Through an extensive branch network, WESCO provides critical components and value‐added services that help organizations streamline operations and improve reliability in their facilities and infrastructure.

In addition to its broad product offering, WESCO delivers advanced supply chain management and logistics solutions designed to optimize inventory levels, reduce downtime and lower overall procurement costs.