Stephens upgraded shares of Wesco International Inc. (NYSE:WCC) from an equal weight rating to an overweight rating in a report published on Monday morning.

WCC has been the subject of several other research reports. Longbow Research raised shares of Wesco International from a neutral rating to a buy rating and set a $72.00 price target for the company in a research report on Wednesday, August 24th. Standpoint Research raised shares of Wesco International from a hold rating to a buy rating and set a $68.00 price target for the company in a research report on Thursday, August 25th. Macquarie started coverage on shares of Wesco International in a research report on Thursday, August 25th. They issued a neutral rating and a $64.00 price target for the company. Buckingham Research raised shares of Wesco International from a neutral rating to a buy rating and set a $66.00 target price for the company in a research report on Tuesday, November 1st. Finally, Zacks Investment Research cut shares of Wesco International from a buy rating to a hold rating in a research report on Friday, October 28th. Twelve research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $60.13.

Shares of Wesco International (NYSE:WCC) traded down 0.23% on Monday, hitting $64.50. 245,751 shares of the stock traded hands. The company has a market cap of $3.13 billion, a PE ratio of 30.10 and a beta of 1.65. The stock has a 50 day moving average of $59.33 and a 200 day moving average of $57.62. Wesco International has a one year low of $34.00 and a one year high of $65.45.

Wesco International (NYSE:WCC) last announced its quarterly earnings results on Thursday, October 27th. The company reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.11 by $0.06. Wesco International had a return on equity of 9.75% and a net margin of 1.39%. The business earned $1.86 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same period in the previous year, the company posted $1.28 EPS. Wesco International’s revenue for the quarter was down 3.6% on a year-over-year basis. Equities analysts anticipate that Wesco International will post $3.79 earnings per share for the current year.

In other news, Director James Louis Singleton sold 2,638 shares of the firm’s stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $63.29, for a total value of $166,959.02. Following the transaction, the director now directly owns 12,305 shares of the company’s stock, valued at $778,783.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.00% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in WCC. Selway Asset Management boosted its stake in Wesco International by 0.8% in the second quarter. Selway Asset Management now owns 24,600 shares of the company’s stock valued at $1,267,000 after buying an additional 200 shares during the last quarter. UBS Asset Management Americas Inc. boosted its stake in Wesco International by 0.6% in the third quarter. UBS Asset Management Americas Inc. now owns 47,351 shares of the company’s stock valued at $2,911,000 after buying an additional 300 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Wesco International by 8.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 6,414 shares of the company’s stock valued at $330,000 after buying an additional 500 shares during the last quarter. Neuberger Berman Group LLC boosted its stake in Wesco International by 11.6% in the third quarter. Neuberger Berman Group LLC now owns 7,233 shares of the company’s stock valued at $445,000 after buying an additional 751 shares during the last quarter. Finally, California State Teachers Retirement System boosted its stake in Wesco International by 0.9% in the third quarter. California State Teachers Retirement System now owns 92,390 shares of the company’s stock valued at $5,681,000 after buying an additional 800 shares during the last quarter.

Wesco International Company Profile

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.

5 Day Chart for NYSE:WCC

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