David S. Schulz Purchases 4,000 Shares of WESCO International, Inc. (WCC) Stock
WESCO International, Inc. (NYSE:WCC) CFO David S. Schulz acquired 4,000 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average price of $51.57 per share, with a total value of $206,280.00. Following the completion of the acquisition, the chief financial officer now owns 9,000 shares in the company, valued at $464,130. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of WESCO International, Inc. (NYSE WCC) traded up 0.98% during midday trading on Monday, hitting $51.60. 285,508 shares of the stock were exchanged. The firm’s 50-day moving average is $54.96 and its 200-day moving average is $63.14. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of 24.47 and a beta of 1.77. WESCO International, Inc. has a 12 month low of $49.05 and a 12 month high of $76.15.
WESCO International (NYSE:WCC) last released its quarterly earnings results on Thursday, July 27th. The technology company reported $1.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.04. The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.91 billion. WESCO International had a net margin of 1.41% and a return on equity of 9.11%. The firm’s revenue was down .1% on a year-over-year basis. During the same quarter last year, the business earned $1.02 earnings per share. Equities research analysts predict that WESCO International, Inc. will post $3.75 earnings per share for the current year.
WCC has been the subject of a number of recent analyst reports. Barclays PLC restated an “equal weight” rating and issued a $68.00 price objective (up from $65.00) on shares of WESCO International in a report on Wednesday, April 19th. Raymond James Financial, Inc. upgraded shares of WESCO International from a “market perform” rating to an “outperform” rating and set a $70.00 price objective for the company in a report on Wednesday, April 19th. Royal Bank Of Canada restated a “hold” rating and issued a $72.00 price objective on shares of WESCO International in a report on Friday, April 28th. Morgan Stanley upgraded shares of WESCO International from an “equal weight” rating to an “overweight” rating and decreased their price objective for the stock from $79.00 to $74.00 in a report on Tuesday, May 2nd. Finally, UBS AG restated a “neutral” rating and issued a $67.00 price objective (down from $69.00) on shares of WESCO International in a report on Tuesday, May 2nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $68.19.
Hedge funds have recently added to or reduced their stakes in the stock. DUPONT CAPITAL MANAGEMENT Corp purchased a new stake in WESCO International during the first quarter valued at approximately $146,000. Janney Capital Management LLC purchased a new stake in WESCO International during the second quarter valued at approximately $202,000. D.A. Davidson & CO. raised its stake in WESCO International by 32.0% in the second quarter. D.A. Davidson & CO. now owns 3,572 shares of the technology company’s stock valued at $204,000 after buying an additional 866 shares in the last quarter. Trust Co. of Vermont purchased a new stake in WESCO International during the second quarter valued at approximately $229,000. Finally, Quantbot Technologies LP purchased a new stake in WESCO International during the second quarter valued at approximately $238,000. Institutional investors own 98.00% of the company’s stock.
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.
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