WESCO International (NYSE:WCC) Rating Increased to Strong-Buy at Zacks Research

WESCO International (NYSE:WCC) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

Several other equities analysts also recently commented on the company. Wall Street Zen downgraded WESCO International from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. KeyCorp upped their target price on WESCO International from $340.00 to $415.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Stephens raised WESCO International from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $350.00 to $400.00 in a research report on Tuesday, July 14th. Weiss Ratings lowered shares of WESCO International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday. Finally, Royal Bank Of Canada raised their price target on shares of WESCO International from $421.00 to $430.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $374.29.

WESCO International Price Performance

Shares of WCC opened at $374.13 on Monday. The firm has a 50 day moving average of $343.00 and a 200 day moving average of $316.15. WESCO International has a twelve month low of $200.60 and a twelve month high of $377.90. The company has a market capitalization of $18.22 billion, a P/E ratio of 25.86, a price-to-earnings-growth ratio of 2.16 and a beta of 1.54. The company has a quick ratio of 1.23, a current ratio of 2.09 and a debt-to-equity ratio of 1.13.

WESCO International (NYSE:WCC) last released its quarterly earnings results on Thursday, July 30th. The technology company reported $4.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.98 by $0.59. The firm had revenue of $6.67 billion for the quarter, compared to the consensus estimate of $6.44 billion. WESCO International had a return on equity of 14.95% and a net margin of 2.84%.The company’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period last year, the business posted $3.83 EPS. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. As a group, equities research analysts anticipate that WESCO International will post 16.69 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Hemant Porwal sold 4,445 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $363.21, for a total transaction of $1,614,468.45. Following the completion of the transaction, the executive vice president directly owned 16,618 shares in the company, valued at $6,035,823.78. This trade represents a 21.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.60% of the stock is owned by company insiders.

Institutional Trading of WESCO International

Several institutional investors and hedge funds have recently bought and sold shares of WCC. Cornerstone Planning Group LLC increased its stake in shares of WESCO International by 92.7% during the fourth quarter. Cornerstone Planning Group LLC now owns 106 shares of the technology company’s stock worth $26,000 after acquiring an additional 51 shares during the period. Brown Brothers Harriman & Co. boosted its holdings in shares of WESCO International by 166.0% during the third quarter. Brown Brothers Harriman & Co. now owns 133 shares of the technology company’s stock worth $28,000 after purchasing an additional 83 shares during the last quarter. Torren Management LLC purchased a new stake in WESCO International in the 4th quarter valued at about $32,000. Hilton Head Capital Partners LLC purchased a new position in shares of WESCO International in the 4th quarter worth about $39,000. Finally, V Square Quantitative Management LLC acquired a new position in WESCO International during the fourth quarter valued at approximately $52,000. Hedge funds and other institutional investors own 93.75% of the company’s stock.

WESCO International Company Profile

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.