WESCO International, Inc. (NYSE:WCC - Get Free Report) EVP William Clayton Geary sold 2,829 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $205.73, for a total transaction of $582,010.17. Following the sale, the executive vice president now directly owns 35,063 shares in the company, valued at $7,213,510.99. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
WESCO International Trading Up 1.4 %
Shares of NYSE:WCC opened at $207.21 on Thursday. The stock's 50-day simple moving average is $174.64 and its two-hundred day simple moving average is $170.16. The stock has a market capitalization of $10.15 billion, a price-to-earnings ratio of 16.59, a PEG ratio of 1.67 and a beta of 2.01. WESCO International, Inc. has a 52-week low of $132.37 and a 52-week high of $213.41. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.29 and a current ratio of 2.21.
WESCO International (NYSE:WCC - Get Free Report) last announced its earnings results on Thursday, October 31st. The technology company reported $3.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.36. WESCO International had a net margin of 3.19% and a return on equity of 13.19%. The company had revenue of $5.49 billion during the quarter, compared to analyst estimates of $5.46 billion. During the same period in the previous year, the business posted $4.49 earnings per share. The firm's quarterly revenue was down 2.7% compared to the same quarter last year. Analysts expect that WESCO International, Inc. will post 12.22 EPS for the current year.
WESCO International Dividend Announcement
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The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a dividend of $0.4125 per share. This represents a $1.65 annualized dividend and a yield of 0.80%. The ex-dividend date was Friday, September 13th. WESCO International's dividend payout ratio is presently 13.21%.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the stock. Pacer Advisors Inc. increased its holdings in WESCO International by 23,727.4% in the 2nd quarter. Pacer Advisors Inc. now owns 1,589,048 shares of the technology company's stock worth $251,896,000 after acquiring an additional 1,582,379 shares in the last quarter. Clearbridge Investments LLC purchased a new stake in shares of WESCO International in the second quarter worth $52,782,000. Thompson Siegel & Walmsley LLC raised its position in shares of WESCO International by 341.8% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 258,486 shares of the technology company's stock valued at $43,420,000 after purchasing an additional 199,975 shares during the period. Neo Ivy Capital Management purchased a new position in shares of WESCO International during the 2nd quarter valued at $5,916,000. Finally, Russell Investments Group Ltd. boosted its holdings in WESCO International by 74.8% in the 1st quarter. Russell Investments Group Ltd. now owns 72,897 shares of the technology company's stock worth $12,486,000 after buying an additional 31,200 shares during the period. Institutional investors own 93.76% of the company's stock.
Wall Street Analysts Forecast Growth
WCC has been the topic of several analyst reports. Baird R W upgraded shares of WESCO International from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 16th. Stephens increased their target price on WESCO International from $190.00 to $205.00 and gave the company an "overweight" rating in a research note on Tuesday, November 5th. StockNews.com raised WESCO International from a "hold" rating to a "buy" rating in a report on Monday, November 4th. Royal Bank of Canada upped their price target on WESCO International from $186.00 to $199.00 and gave the company a "sector perform" rating in a report on Friday, November 1st. Finally, Loop Capital boosted their target price on WESCO International from $190.00 to $210.00 and gave the stock a "buy" rating in a research report on Friday, September 27th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $208.86.
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WESCO International Company Profile
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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).
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