WESCO International, Inc. (NYSE:WCC – Get Free Report) EVP Akash Khurana sold 3,400 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $366.78, for a total transaction of $1,247,052.00. Following the transaction, the executive vice president directly owned 27,404 shares in the company, valued at $10,051,239.12. This trade represents a 11.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
WESCO International Stock Down 1.6%
Shares of WCC traded down $5.46 during mid-day trading on Wednesday, hitting $343.70. The company’s stock had a trading volume of 603,648 shares, compared to its average volume of 615,353. The company has a current ratio of 2.09, a quick ratio of 1.23 and a debt-to-equity ratio of 1.13. The company’s 50-day moving average is $343.44 and its 200-day moving average is $321.76. WESCO International, Inc. has a 52-week low of $203.40 and a 52-week high of $385.37. The firm has a market capitalization of $16.75 billion, a price-to-earnings ratio of 23.75, a PEG ratio of 2.15 and a beta of 1.54.
WESCO International (NYSE:WCC – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The technology company reported $4.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.98 by $0.59. The business had revenue of $6.67 billion for the quarter, compared to the consensus estimate 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 was up 13.0% compared to the same quarter last year. During the same period last year, the business posted $3.83 EPS. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. On average, equities research analysts forecast that WESCO International, Inc. will post 16.82 EPS for the current fiscal year.
WESCO International Dividend Announcement
Hedge Funds Weigh In On WESCO International
Several hedge funds have recently modified their holdings of WCC. BlackRock Inc. purchased a new position in shares of WESCO International in the 2nd quarter valued at approximately $3,094,634,000. Bank of America Corp DE purchased a new stake in WESCO International during the 2nd quarter worth approximately $296,304,000. Bank of New York Mellon Corp acquired a new position in WESCO International during the 2nd quarter valued at approximately $249,503,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in WESCO International during the 2nd quarter valued at approximately $175,189,000. Finally, Diamond Hill Capital Management LLC Investment Advisor purchased a new position in shares of WESCO International in the second quarter worth $41,561,000. Institutional investors and hedge funds own 93.75% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on the stock. Barclays raised their price target on shares of WESCO International from $376.00 to $390.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. Zacks Research raised shares of WESCO International from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 3rd. KeyCorp raised their target price 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. DA Davidson began coverage on shares of WESCO International in a report on Tuesday, June 16th. They issued a “buy” rating and a $440.00 price target on the stock. Finally, Royal Bank Of Canada increased their price objective on WESCO International from $421.00 to $430.00 and gave the company an “outperform” rating in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $374.29.
Check Out Our Latest Stock 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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