WESCO International, Inc. (NYSE:WCC – Get Free Report) Director Laura Thompson sold 270 shares of the firm’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $368.45, for a total value of $99,481.50. Following the transaction, the director owned 10,720 shares in the company, valued at approximately $3,949,784. This represents a 2.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
WESCO International Stock Down 1.3%
Shares of WCC stock traded down $4.78 on Thursday, hitting $359.82. The stock had a trading volume of 522,050 shares, compared to its average volume of 619,352. WESCO International, Inc. has a one year low of $203.40 and a one year high of $385.37. The business has a 50 day moving average price of $343.13 and a 200 day moving average price of $319.72. The company has a market cap of $17.53 billion, a PE ratio of 24.87, a P/E/G ratio of 2.18 and a beta of 1.54. 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 (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 the consensus estimate of $3.98 by $0.59. The company had revenue of $6.67 billion for the quarter, compared to analysts’ expectations of $6.44 billion. WESCO International had a net margin of 2.84% and a return on equity of 14.95%. The firm’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the business earned $3.83 EPS. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. Research analysts anticipate that WESCO International, Inc. will post 16.82 earnings per share for the current fiscal year.
WESCO International Dividend Announcement
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on WCC shares. Stephens raised shares of 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. Zacks Research upgraded WESCO International from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. KeyCorp raised their price objective on WESCO International from $340.00 to $415.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Wall Street Zen lowered WESCO International from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Finally, Royal Bank Of Canada boosted their target price on shares of WESCO International from $421.00 to $430.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $374.29.
Check Out Our Latest Report on WESCO International
Hedge Funds Weigh In On WESCO International
Institutional investors and hedge funds have recently bought and sold shares of the company. Cornerstone Planning Group LLC lifted its holdings in shares of WESCO International by 92.7% during the 4th quarter. Cornerstone Planning Group LLC now owns 106 shares of the technology company’s stock valued at $26,000 after purchasing an additional 51 shares during the last quarter. Bell Investment Advisors Inc purchased a new stake in shares of WESCO International during the second quarter valued at $26,000. Brown Brothers Harriman & Co. raised its stake in shares of WESCO International by 166.0% in the third quarter. Brown Brothers Harriman & Co. now owns 133 shares of the technology company’s stock worth $28,000 after purchasing an additional 83 shares during the last quarter. Torren Management LLC acquired a new stake in shares of WESCO International during the fourth quarter worth about $32,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of WESCO International during the second quarter worth about $38,000. 93.75% of the stock is owned by hedge funds and other institutional investors.
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.
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