WESCO International, Inc. (NYSE:WCC) Director Lynn M. Utter sold 737 shares of the business’s stock in a transaction on Wednesday, March 14th. The shares were sold at an average price of $63.57, for a total value of $46,851.09. Following the sale, the director now owns 11,116 shares in the company, valued at $706,644.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of WESCO International, Inc. (WCC) traded up $0.62 during trading on Wednesday, hitting $64.07. The stock had a trading volume of 259,125 shares, compared to its average volume of 441,684. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.31 and a quick ratio of 1.40. The company has a market cap of $2,997.47, a price-to-earnings ratio of 18.98, a PEG ratio of 1.36 and a beta of 1.86. WESCO International, Inc. has a 12-month low of $48.95 and a 12-month high of $70.95.
WESCO International (NYSE:WCC) last announced its quarterly earnings data on Thursday, February 1st. The technology company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.98 by $0.05. The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $1.93 billion. WESCO International had a return on equity of 9.06% and a net margin of 2.13%. The company’s revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.96 EPS. analysts expect that WESCO International, Inc. will post 4.67 EPS for the current year.
A number of analysts recently issued reports on WCC shares. ValuEngine upgraded WESCO International from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research upgraded WESCO International from a “hold” rating to a “buy” rating and set a $69.00 price objective on the stock in a research note on Saturday, February 10th. Finally, UBS Group assumed coverage on WESCO International in a research note on Tuesday, January 23rd. They set a “neutral” rating and a $70.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. WESCO International currently has a consensus rating of “Hold” and a consensus target price of $68.69.
Institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in shares of WESCO International during the 4th quarter valued at about $140,000. ETRADE Capital Management LLC bought a new position in shares of WESCO International during the 4th quarter valued at about $201,000. Capital Fund Management S.A. bought a new position in shares of WESCO International during the 4th quarter valued at about $218,000. Xact Kapitalforvaltning AB bought a new position in shares of WESCO International during the 4th quarter valued at about $288,000. Finally, Janney Capital Management LLC increased its position in shares of WESCO International by 47.4% during the 3rd quarter. Janney Capital Management LLC now owns 5,199 shares of the technology company’s stock valued at $302,000 after purchasing an additional 1,672 shares during the last quarter.
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About WESCO International
WESCO International, Inc is a distributor of products and provider of supply chain management and logistics services used in industrial, construction, utility and commercial, institutional and government (CIG) markets. The Company is a provider of electrical, industrial and communications maintenance, repair and operating (MRO) and original equipment manufacturers (OEM) products, construction materials, and supply chain management and logistics services.
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