WESCO International, Inc. (NYSE:WCC – Get Free Report) EVP Daniel Castillo purchased 960 shares of the stock in a transaction dated Tuesday, August 4th. The shares were bought at an average price of $365.89 per share, with a total value of $351,254.40. Following the completion of the acquisition, the executive vice president directly owned 16,305 shares of the company’s stock, valued at approximately $5,965,836.45. This represents a 6.26% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
WESCO International Trading Down 0.4%
NYSE WCC opened at $371.43 on Friday. The company has a quick ratio of 1.23, a current ratio of 2.09 and a debt-to-equity ratio of 1.13. WESCO International, Inc. has a twelve month low of $201.35 and a twelve month high of $385.37. The company has a market cap of $18.09 billion, a price-to-earnings ratio of 25.67, a price-to-earnings-growth ratio of 2.22 and a beta of 1.54. The business’s fifty day moving average is $343.21 and its 200 day moving average is $317.41.
WESCO International (NYSE:WCC – Get Free Report) last issued its earnings results on Thursday, July 30th. The technology company reported $4.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.98 by $0.59. The business had revenue of $6.67 billion during the quarter, compared to analysts’ expectations of $6.44 billion. WESCO International had a return on equity of 14.95% and a net margin of 2.84%.The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.83 EPS. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. As a group, sell-side analysts expect that WESCO International, Inc. will post 16.82 EPS for the current fiscal year.
WESCO International Announces Dividend
Institutional Trading of WESCO International
A number of hedge funds and other institutional investors have recently bought and sold shares of WCC. Chase Investment Counsel Corp bought a new stake in shares of WESCO International during the second quarter worth about $11,079,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in WESCO International during the 2nd quarter valued at about $41,561,000. Global Retirement Partners LLC bought a new stake in WESCO International during the 2nd quarter worth approximately $659,000. Alberta Investment Management Corp bought a new stake in WESCO International during the 2nd quarter worth approximately $5,492,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of WESCO International in the second quarter worth approximately $249,503,000. Institutional investors own 93.75% of the company’s stock.
Analyst Ratings Changes
Several research firms recently commented on WCC. Wall Street Zen downgraded shares of WESCO International from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. KeyCorp raised their price target on shares of WESCO International from $340.00 to $415.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Zacks Research upgraded shares of WESCO International from a “hold” rating to a “strong-buy” rating in a report on Monday. DA Davidson began coverage on shares of WESCO International in a research note on Tuesday, June 16th. They issued a “buy” rating and a $440.00 price objective on the stock. Finally, Weiss Ratings downgraded WESCO International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $374.29.
Read Our Latest Analysis on WCC
About WESCO International
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.
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