Wesco International Inc. (WCC) SVP Sells $325,060.20 in Stock
Wesco International Inc. (NYSE:WCC) SVP Diane Lazzaris sold 5,028 shares of the firm’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $64.65, for a total transaction of $325,060.20. Following the transaction, the senior vice president now owns 23,542 shares of the company’s stock, valued at approximately $1,521,990.30. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Wesco International Inc. (NYSE:WCC) traded up 1.47% during trading on Tuesday, reaching $65.60. 1,002,456 shares of the company traded hands. Wesco International Inc. has a 12 month low of $34.00 and a 12 month high of $65.82. The stock has a market cap of $3.19 billion, a P/E ratio of 30.61 and a beta of 1.65. The stock’s 50 day moving average price is $59.33 and its 200-day moving average price is $57.62.
Wesco International (NYSE:WCC) last announced its quarterly earnings data on Thursday, October 27th. The company reported $1.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by $0.06. The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.91 billion. Wesco International had a return on equity of 9.75% and a net margin of 1.39%. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.28 earnings per share. On average, equities research analysts expect that Wesco International Inc. will post $3.79 EPS for the current fiscal year.
Several research firms have recently weighed in on WCC. Wells Fargo & Co. restated a “buy” rating on shares of Wesco International in a research report on Sunday, September 4th. Zacks Investment Research lowered shares of Wesco International from a “buy” rating to a “hold” rating in a research report on Friday, October 28th. Citigroup Inc. lowered shares of Wesco International to a “market perform” rating and set a $65.00 price objective for the company. in a research report on Wednesday, September 7th. They noted that the move was a valuation call. Macquarie began coverage on shares of Wesco International in a research report on Thursday, August 25th. They set a “neutral” rating and a $64.00 price objective for the company. Finally, Standpoint Research upgraded shares of Wesco International from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research report on Thursday, August 25th. Twelve investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $60.13.
Institutional investors have recently bought and sold shares of the company. Nomura Holdings Inc. bought a new position in Wesco International during the second quarter valued at about $524,000. Neuberger Berman Group LLC bought a new position in Wesco International during the second quarter valued at about $334,000. Quantbot Technologies LP bought a new position in Wesco International during the second quarter valued at about $581,000. Panagora Asset Management Inc. raised its position in Wesco International by 27.0% in the first quarter. Panagora Asset Management Inc. now owns 246,731 shares of the company’s stock valued at $13,489,000 after buying an additional 52,503 shares during the last quarter. Finally, Nordea Investment Management AB raised its position in Wesco International by 220.2% in the second quarter. Nordea Investment Management AB now owns 10,774 shares of the company’s stock valued at $555,000 after buying an additional 7,409 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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