WESCO International (NYSE:WCC – Get Free Report) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday, Zacks reports.
Other equities analysts have also issued reports about the company. Weiss Ratings raised WESCO International from a “hold (c+)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Royal Bank Of Canada boosted their price objective on WESCO International from $430.00 to $435.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 14th. Stephens raised WESCO International from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $350.00 to $400.00 in a research note on Tuesday, July 14th. Wall Street Zen lowered WESCO International from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Finally, Barclays raised their target price on WESCO International from $390.00 to $437.00 and gave the company an “overweight” rating in a research note on Monday, October 12th. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, WESCO International has an average rating of “Moderate Buy” and a consensus target price of $402.83.
Check Out Our Latest Stock Analysis on WCC
WESCO International Price Performance
NYSE WCC opened at $341.95 on Monday. WESCO International has a 12 month low of $213.48 and a 12 month high of $388.64. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.09 and a quick ratio of 1.23. The firm has a market capitalization of $16.66 billion, a PE ratio of 23.63, a P/E/G ratio of 2.04 and a beta of 1.54. The company’s 50 day simple moving average is $353.14 and its 200 day simple moving average is $343.67.
WESCO International (NYSE:WCC – Get Free Report) last announced its earnings results on Thursday, July 30th. The technology company reported $4.57 EPS for the quarter, topping the consensus estimate of $3.98 by $0.59. WESCO International had a return on equity of 14.95% and a net margin of 2.84%. The firm had revenue of $6.67 billion for the quarter, compared to analysts’ expectations of $6.44 billion. During the same quarter in the previous year, the company earned $3.83 earnings per share. The firm’s quarterly revenue was up 13.0% compared to the same quarter last year. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. As a group, equities research analysts forecast that WESCO International will post 16.77 EPS for the current fiscal year.
Insider Buying and Selling
In other WESCO International news, EVP Daniel J. Castillo bought 960 shares of WESCO International stock in a transaction that occurred on Tuesday, August 4th. The stock was purchased at an average cost of $365.89 per share, for a total transaction of $351,254.40. Following the completion of the acquisition, the executive vice president 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Laura K. Thompson sold 270 shares of WESCO International stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $368.45, for a total transaction of $99,481.50. Following the completion of the transaction, the director owned 10,720 shares in the company, valued at approximately $3,949,784. This trade represents a 2.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.60% of the company’s stock.
Institutional Investors Weigh In On WESCO International
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Pinnacle Associates Ltd. boosted its stake in shares of WESCO International by 24.1% during the 3rd quarter. Pinnacle Associates Ltd. now owns 4,098 shares of the technology company’s stock worth $1,474,000 after acquiring an additional 797 shares in the last quarter. Diversify Advisory Services LLC grew its holdings in shares of WESCO International by 5.0% in the 3rd quarter. Diversify Advisory Services LLC now owns 672 shares of the technology company’s stock worth $233,000 after acquiring an additional 32 shares during the last quarter. Kaufman Rossin Wealth LLC raised its position in shares of WESCO International by 46.4% during the third quarter. Kaufman Rossin Wealth LLC now owns 1,007 shares of the technology company’s stock worth $362,000 after purchasing an additional 319 shares during the period. IFP Advisors Inc raised its position in shares of WESCO International by 25.7% during the third quarter. IFP Advisors Inc now owns 1,675 shares of the technology company’s stock worth $602,000 after purchasing an additional 342 shares during the period. Finally, Peddock Capital Advisors LLC raised its position in shares of WESCO International by 3.3% during the third quarter. Peddock Capital Advisors LLC now owns 4,389 shares of the technology company’s stock worth $1,578,000 after purchasing an additional 141 shares during the period. Institutional investors and hedge funds own 93.75% of the company’s stock.
About WESCO International
WESCO International, Inc is a business-to-business provider of electrical, communications, security, and supply chain solutions. The company distributes products used in electrical and electronic systems, including wire and cable, lighting, circuit protection, automation and control equipment, data communications infrastructure, security products, and other electrical and industrial supplies.
WESCO serves a broad range of customers, including electrical and data communications contractors, industrial companies, original equipment manufacturers, utilities, commercial and institutional businesses, government entities, and telecommunications providers.
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