WESCO International, Inc. (NYSE:WCC) Given Consensus Rating of “Moderate Buy” by Brokerages

WESCO International, Inc. (NYSE:WCC) has received a consensus rating of “Moderate Buy” from the nine ratings firms that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $256.3750.

WCC has been the subject of a number of recent research reports. KeyCorp upped their price target on WESCO International from $258.00 to $300.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of WESCO International in a research report on Wednesday, October 8th. Oppenheimer lifted their price target on shares of WESCO International from $225.00 to $255.00 and gave the company an “outperform” rating in a research note on Friday, September 5th. JPMorgan Chase & Co. increased their price objective on shares of WESCO International from $225.00 to $245.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Finally, Royal Bank Of Canada upgraded WESCO International from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $262.00 to $302.00 in a report on Wednesday, November 19th.

WESCO International Trading Down 0.9%

Shares of NYSE:WCC opened at $249.74 on Wednesday. The firm has a market cap of $12.15 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 1.89 and a beta of 1.47. WESCO International has a 12 month low of $125.21 and a 12 month high of $279.04. The company’s fifty day simple moving average is $254.42 and its 200 day simple moving average is $224.09. The company has a quick ratio of 1.20, a current ratio of 2.09 and a debt-to-equity ratio of 1.18.

WESCO International (NYSE:WCC) last released its earnings results on Thursday, October 30th. The technology company reported $3.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.75 by $0.17. The firm had revenue of $6.20 billion during the quarter, compared to analysts’ expectations of $5.91 billion. WESCO International had a return on equity of 13.12% and a net margin of 2.81%.The company’s revenue was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.58 EPS. WESCO International has set its FY 2025 guidance at 13.100-13.600 EPS. As a group, research analysts forecast that WESCO International will post 13.3 EPS for the current fiscal year.

WESCO International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th will be given a dividend of $0.4538 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $1.82 annualized dividend and a dividend yield of 0.7%. WESCO International’s payout ratio is 14.27%.

Insider Activity at WESCO International

In related news, EVP Diane Lazzaris sold 7,522 shares of the business’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $256.00, for a total transaction of $1,925,632.00. Following the transaction, the executive vice president directly owned 45,401 shares in the company, valued at approximately $11,622,656. The trade was a 14.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Christine Ann Wolf sold 4,685 shares of the stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $259.52, for a total transaction of $1,215,851.20. Following the completion of the sale, the executive vice president owned 30,195 shares of the company’s stock, valued at approximately $7,836,206.40. This represents a 13.43% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 17,036 shares of company stock valued at $4,385,254. 3.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On WESCO International

A number of institutional investors have recently bought and sold shares of WCC. United Services Automobile Association acquired a new stake in shares of WESCO International in the first quarter valued at approximately $455,000. Strs Ohio bought a new position in shares of WESCO International in the first quarter valued at about $5,036,000. Parallel Advisors LLC lifted its stake in shares of WESCO International by 13.4% during the 2nd quarter. Parallel Advisors LLC now owns 507 shares of the technology company’s stock worth $94,000 after buying an additional 60 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of WESCO International by 45.4% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 26,010 shares of the technology company’s stock worth $4,817,000 after buying an additional 8,122 shares during the period. Finally, Norman Fields Gottscho Capital Management LLC bought a new stake in shares of WESCO International during the 2nd quarter worth about $1,200,000. Institutional investors and hedge funds own 93.75% of the company’s stock.

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.