Brokerages Set WESCO International, Inc. (NYSE:WCC) PT at $184.67

Shares of WESCO International, Inc. (NYSE:WCC) have been given an average rating of “Moderate Buy” by the five ratings firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $184.67.

WCC has been the subject of a number of research reports. StockNews.com cut shares of WESCO International from a “buy” rating to a “hold” rating in a report on Wednesday, February 14th. Royal Bank of Canada cut shares of WESCO International from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from $202.00 to $173.00 in a report on Tuesday, February 13th. KeyCorp lifted their price objective on shares of WESCO International from $165.00 to $190.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Oppenheimer lifted their price objective on shares of WESCO International from $175.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, March 7th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of WESCO International from $180.00 to $175.00 and set an “overweight” rating for the company in a report on Friday, March 15th.

WESCO International Trading Up 0.4 %

NYSE:WCC opened at $154.01 on Monday. The company has a current ratio of 2.48, a quick ratio of 1.42 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $7.85 billion, a price-to-earnings ratio of 11.37, a PEG ratio of 1.09 and a beta of 2.06. The firm has a fifty day simple moving average of $159.23 and a two-hundred day simple moving average of $158.91. WESCO International has a 12 month low of $121.90 and a 12 month high of $195.43.

WESCO International (NYSE:WCC) last posted its quarterly earnings results on Tuesday, February 13th. The technology company reported $2.65 EPS for the quarter, missing analysts’ consensus estimates of $3.86 by ($1.21). The company had revenue of $5.50 billion during the quarter, compared to analyst estimates of $5.59 billion. WESCO International had a return on equity of 17.01% and a net margin of 3.42%. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.13 earnings per share. Analysts expect that WESCO International will post 14.19 EPS for the current fiscal year.

WESCO International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a dividend of $0.4125 per share. This represents a $1.65 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from WESCO International’s previous quarterly dividend of $0.38. WESCO International’s dividend payout ratio is currently 12.19%.

Insider Buying and Selling

In related news, EVP Nelson John Squires III sold 3,490 shares of the stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $190.00, for a total transaction of $663,100.00. Following the sale, the executive vice president now owns 54,385 shares of the company’s stock, valued at approximately $10,333,150. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Nelson John Squires III sold 3,490 shares of the stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $190.00, for a total transaction of $663,100.00. Following the sale, the executive vice president now owns 54,385 shares of the company’s stock, valued at approximately $10,333,150. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP James Cameron sold 5,352 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $156.39, for a total value of $836,999.28. Following the completion of the sale, the executive vice president now directly owns 33,595 shares in the company, valued at approximately $5,253,922.05. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by insiders.

Institutional Trading of WESCO International

Institutional investors and hedge funds have recently modified their holdings of the business. Rise Advisors LLC purchased a new stake in shares of WESCO International in the 1st quarter valued at about $26,000. KB Financial Partners LLC raised its holdings in shares of WESCO International by 76.8% in the 3rd quarter. KB Financial Partners LLC now owns 198 shares of the technology company’s stock valued at $28,000 after acquiring an additional 86 shares in the last quarter. Anchor Investment Management LLC purchased a new stake in shares of WESCO International in the 4th quarter valued at about $48,000. Park Place Capital Corp increased its position in shares of WESCO International by 41.3% during the 3rd quarter. Park Place Capital Corp now owns 294 shares of the technology company’s stock valued at $42,000 after purchasing an additional 86 shares during the last quarter. Finally, GAMMA Investing LLC bought a new position in shares of WESCO International during the 4th quarter valued at about $56,000. Hedge funds and other institutional investors own 93.76% of the company’s stock.

WESCO International Company Profile

WESCO International, Inc provides business-to-business distribution, logistics services, and supply chain solutions in the United States, Canada, and internationally. It operates through three segments: Electrical & Electronic Solutions (EES), Communications & Security Solutions (CSS), and Utility and Broadband Solutions (UBS).