WESCO International (NYSE:WCC) Upgraded by Wall Street Zen to “Buy” Rating

WESCO International (NYSE:WCC) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Several other brokerages have also recently weighed in on WCC. Weiss Ratings upgraded WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 4th. KeyCorp increased their price target on WESCO International from $340.00 to $415.00 and gave the company an “overweight” rating in a report on Friday, May 1st. DA Davidson started coverage on WESCO International in a research report on Tuesday, June 16th. They set a “buy” rating and a $440.00 price objective on the stock. Stephens boosted their price objective on WESCO International from $275.00 to $350.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Finally, Royal Bank Of Canada upped their target price on WESCO International from $352.00 to $411.00 and gave the company an “outperform” rating in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, WESCO International has an average rating of “Buy” and an average price target of $334.56.

WESCO International Price Performance

Shares of NYSE WCC opened at $308.56 on Friday. The firm has a 50-day simple moving average of $349.54 and a 200-day simple moving average of $304.36. The company has a quick ratio of 1.22, a current ratio of 2.12 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $15.03 billion, a price-to-earnings ratio of 21.93, a price-to-earnings-growth ratio of 1.93 and a beta of 1.54. WESCO International has a 52 week low of $188.96 and a 52 week high of $377.90.

WESCO International (NYSE:WCC) last posted its quarterly earnings results on Thursday, April 30th. The technology company reported $3.37 earnings per share for the quarter, topping analysts’ consensus estimates of $2.88 by $0.49. WESCO International had a net margin of 2.79% and a return on equity of 13.82%. The firm had revenue of $6.08 billion for the quarter, compared to analyst estimates of $5.86 billion. During the same period in the previous year, the business posted $2.21 earnings per share. WESCO International’s quarterly revenue was up 13.8% on a year-over-year basis. WESCO International has set its FY 2026 guidance at 15.000-17.000 EPS. On average, equities analysts predict that WESCO International will post 15.94 earnings per share for the current fiscal year.

Insider Transactions at WESCO International

In related news, EVP Diane Lazzaris sold 9,910 shares of the stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $359.48, for a total transaction of $3,562,446.80. Following the transaction, the executive vice president owned 19,611 shares of the company’s stock, valued at approximately $7,049,762.28. This represents a 33.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Akash Khurana sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $359.13, for a total value of $1,436,520.00. Following the transaction, the executive vice president owned 30,775 shares of the company’s stock, valued at $11,052,225.75. This trade represents a 11.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 144,486 shares of company stock worth $51,846,641. 2.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On WESCO International

Several large investors have recently added to or reduced their stakes in WCC. Greenleaf Trust boosted its position in WESCO International by 1.6% in the 4th quarter. Greenleaf Trust now owns 2,646 shares of the technology company’s stock valued at $647,000 after buying an additional 41 shares during the period. Cornerstone Planning Group LLC increased its position in shares of WESCO International by 92.7% during the fourth quarter. Cornerstone Planning Group LLC now owns 106 shares of the technology company’s stock worth $26,000 after acquiring an additional 51 shares during the period. Bessemer Group Inc. increased its position in shares of WESCO International by 2.4% during the first quarter. Bessemer Group Inc. now owns 2,214 shares of the technology company’s stock worth $606,000 after acquiring an additional 51 shares during the period. Lazard Asset Management LLC raised its stake in shares of WESCO International by 1.4% in the second quarter. Lazard Asset Management LLC now owns 4,006 shares of the technology company’s stock valued at $740,000 after acquiring an additional 54 shares in the last quarter. Finally, Parallel Advisors LLC boosted its holdings in WESCO International by 11.5% in the fourth quarter. Parallel Advisors LLC now owns 581 shares of the technology company’s stock valued at $142,000 after purchasing an additional 60 shares during the period. 93.75% of the stock is owned by hedge funds and other institutional investors.

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.