Weekly Analysts’ Ratings Updates for WESCO International (WCC)

by · The Cerbat Gem

Several analysts have recently updated their ratings and price targets for WESCO International (NYSE: WCC):

  • 11/1/2024 – WESCO International had its price target raised by analysts at Royal Bank of Canada from $186.00 to $199.00. They now have a “sector perform” rating on the stock.
  • 11/1/2024 – WESCO International had its price target raised by analysts at KeyCorp from $195.00 to $225.00. They now have an “overweight” rating on the stock.
  • 11/1/2024 – WESCO International had its price target raised by analysts at Oppenheimer Holdings Inc. from $205.00 to $225.00. They now have an “outperform” rating on the stock.
  • 11/1/2024 – WESCO International had its price target raised by analysts at Robert W. Baird from $215.00 to $223.00. They now have an “outperform” rating on the stock.
  • 10/16/2024 – WESCO International was upgraded by analysts at Baird R W from a “hold” rating to a “strong-buy” rating.
  • 10/16/2024 – WESCO International was upgraded by analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating. They now have a $550.00 price target on the stock, up previously from $522.00.
  • 9/27/2024 – WESCO International had its price target raised by analysts at Royal Bank of Canada from $171.00 to $187.00. They now have a “sector perform” rating on the stock.
  • 9/27/2024 – WESCO International had its price target raised by analysts at Loop Capital from $190.00 to $210.00. They now have a “buy” rating on the stock.

WESCO International Trading Down 1.2 %

Shares of NYSE:WCC traded down $2.32 on Monday, hitting $185.85. The company had a trading volume of 318,056 shares, compared to its average volume of 699,108. The firm’s 50-day simple moving average is $168.15 and its two-hundred day simple moving average is $167.56. WESCO International, Inc. has a 1 year low of $132.37 and a 1 year high of $195.99. The company has a quick ratio of 1.34, a current ratio of 2.21 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $9.14 billion, a price-to-earnings ratio of 14.88, a P/E/G ratio of 1.59 and a beta of 2.01.

WESCO International (NYSE:WCC – Get Free Report) last posted its earnings results on Thursday, October 31st. The technology company reported $3.58 EPS for the quarter, topping the consensus estimate of $3.22 by $0.36. The firm had revenue of $5.49 billion during the quarter, compared to analysts’ expectations of $5.46 billion. WESCO International had a net margin of 3.19% and a return on equity of 13.19%. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period last year, the company posted $4.49 EPS. Equities analysts anticipate that WESCO International, Inc. will post 12.04 earnings per share for the current fiscal year.

WESCO International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a dividend of $0.4125 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.65 annualized dividend and a dividend yield of 0.89%. WESCO International’s payout ratio is 13.21%.

Insider Activity

In related news, EVP Nelson John Squires III sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $190.00, for a total transaction of $1,900,000.00. Following the completion of the sale, the executive vice president now directly owns 54,621 shares in the company, valued at approximately $10,377,990. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Steven A. Raymund sold 5,819 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $171.56, for a total transaction of $998,307.64. Following the completion of the transaction, the director now owns 27,004 shares in the company, valued at approximately $4,632,806.24. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Nelson John Squires III sold 10,000 shares of the company’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $190.00, for a total transaction of $1,900,000.00. Following the sale, the executive vice president now directly owns 54,621 shares in the company, valued at approximately $10,377,990. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 3.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On WESCO International

A number of hedge funds have recently bought and sold shares of the business. Whittier Trust Co. of Nevada Inc. raised its stake in shares of WESCO International by 71.1% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 166 shares of the technology company’s stock valued at $26,000 after acquiring an additional 69 shares during the period. V Square Quantitative Management LLC purchased a new stake in shares of WESCO International in the third quarter valued at $28,000. GAMMA Investing LLC raised its stake in shares of WESCO International by 65.4% in the second quarter. GAMMA Investing LLC now owns 253 shares of the technology company’s stock valued at $40,000 after acquiring an additional 100 shares during the period. UMB Bank n.a. raised its stake in shares of WESCO International by 18.3% in the third quarter. UMB Bank n.a. now owns 633 shares of the technology company’s stock valued at $106,000 after acquiring an additional 98 shares during the period. Finally, Innealta Capital LLC purchased a new stake in shares of WESCO International in the second quarter valued at $152,000. Hedge funds and other institutional investors own 93.76% of the company’s stock.

WESCO International, Inc provides business-to-business distribution, logistics services, and supply chain solutions in the United States, Canada, and internationally. It operates through three segments: Electrical & Electronic Solutions (EES), Communications & Security Solutions (CSS), and Utility and Broadband Solutions (UBS).

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