WESCO International (NYSE:WCC) Reaches New 1-Year High – What’s Next?

Shares of WESCO International, Inc. (NYSE:WCCGet Free Report) hit a new 52-week high on Monday . The company traded as high as $319.67 and last traded at $316.3510, with a volume of 14199 shares. The stock had previously closed at $299.49.

WESCO International News Roundup

Here are the key news stories impacting WESCO International this week:

Analyst Upgrades and Downgrades

A number of analysts recently commented on WCC shares. Barclays lifted their target price on shares of WESCO International from $274.00 to $302.00 and gave the stock an “overweight” rating in a research note on Monday, January 12th. KeyCorp lifted their price objective on shares of WESCO International from $300.00 to $304.00 and gave the stock an “overweight” rating in a research note on Monday, January 26th. Wall Street Zen downgraded WESCO International from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. JPMorgan Chase & Co. raised their target price on WESCO International from $260.00 to $290.00 and gave the stock an “overweight” rating in a research note on Friday, January 16th. Finally, Royal Bank Of Canada raised WESCO International from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $262.00 to $302.00 in a research report on Wednesday, November 19th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, WESCO International currently has a consensus rating of “Moderate Buy” and a consensus price target of $266.00.

Get Our Latest Report on WESCO International

WESCO International Stock Down 5.1%

The company has a quick ratio of 1.20, a current ratio of 2.09 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $13.93 billion, a price-to-earnings ratio of 22.45, a P/E/G ratio of 1.92 and a beta of 1.45. The business’s 50-day moving average is $272.93 and its 200-day moving average is $242.72.

WESCO International (NYSE:WCCGet Free Report) last released its quarterly earnings data on Tuesday, February 10th. The technology company reported $3.40 earnings per share for the quarter, missing analysts’ consensus estimates of $3.82 by ($0.42). The company had revenue of $6.07 billion for the quarter, compared to analysts’ expectations of $6.03 billion. WESCO International had a net margin of 2.81% and a return on equity of 13.12%. The business’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.16 EPS. WESCO International has set its FY 2026 guidance at 14.500-16.500 EPS. As a group, equities analysts predict that WESCO International, Inc. will post 13.3 earnings per share for the current year.

WESCO International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a $0.4538 dividend. This represents a $1.82 annualized dividend and a yield of 0.6%. The ex-dividend date was Friday, December 12th. WESCO International’s dividend payout ratio is currently 14.27%.

Hedge Funds Weigh In On WESCO International

Several institutional investors have recently made changes to their positions in WCC. Cornerstone Planning Group LLC lifted its stake in shares of WESCO International by 92.7% in the 4th quarter. Cornerstone Planning Group LLC now owns 106 shares of the technology company’s stock valued at $26,000 after purchasing an additional 51 shares during the period. Brown Brothers Harriman & Co. increased its holdings in WESCO International by 166.0% in the third quarter. Brown Brothers Harriman & Co. now owns 133 shares of the technology company’s stock valued at $28,000 after buying an additional 83 shares in the last quarter. Rothschild Investment LLC raised its position in shares of WESCO International by 788.2% in the third quarter. Rothschild Investment LLC now owns 151 shares of the technology company’s stock worth $32,000 after acquiring an additional 134 shares during the period. Torren Management LLC purchased a new stake in shares of WESCO International during the 4th quarter worth about $32,000. Finally, Root Financial Partners LLC purchased a new stake in shares of WESCO International during the 3rd quarter worth about $37,000. 93.75% of the stock is owned by hedge funds and other institutional investors.

About WESCO International

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for WESCO International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WESCO International and related companies with MarketBeat.com's FREE daily email newsletter.