Wesco International Inc. (NYSE:WCC) fell 3.6% during trading on Friday . The stock traded as low as $55.57 and last traded at $55.74, with a volume of 1,149,381 shares changing hands. The stock had previously closed at $57.84.

Several research firms have commented on WCC. Morgan Stanley reaffirmed a “hold” rating and set a $58.00 price objective on shares of Wesco International in a report on Friday, April 29th. Zacks Investment Research upgraded Wesco International from a “sell” rating to a “hold” rating in a research report on Thursday, July 14th. Credit Suisse Group AG reiterated an “outperform” rating and set a $68.00 price target on shares of Wesco International in a research report on Friday, June 17th. Susquehanna upped their price target on Wesco International from $43.00 to $52.00 and gave the company a “neutral” rating in a research report on Thursday, April 14th. Finally, Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of Wesco International in a research report on Monday, May 16th. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Wesco International currently has a consensus rating of “Hold” and a consensus price target of $56.91.

The firm has a market cap of $2.35 billion and a price-to-earnings ratio of 13.69. The company’s 50-day moving average price is $54.30 and its 200 day moving average price is $51.32.

Wesco International (NYSE:WCC) last announced its earnings results on Thursday, July 28th. The company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.05. During the same period in the previous year, the business posted $1.00 earnings per share. The firm earned $1.91 billion during the quarter, compared to analysts’ expectations of $1.88 billion. The company’s revenue for the quarter was down .3% on a year-over-year basis. On average, equities analysts predict that Wesco International Inc. will post $3.98 EPS for the current fiscal year.

A number of hedge funds and institutional investors have recently made changes to their positions in the company. Cornerstone Capital Management Holdings LLC. purchased a new position in shares of Wesco International during the fourth quarter valued at about $1,104,000. Russell Frank Co boosted its position in shares of Wesco International by 364.2% in the fourth quarter. Russell Frank Co now owns 28,820 shares of the company’s stock valued at $1,278,000 after buying an additional 22,612 shares during the last quarter. Rhumbline Advisers boosted its position in shares of Wesco International by 1.1% in the fourth quarter. Rhumbline Advisers now owns 31,338 shares of the company’s stock valued at $1,369,000 after buying an additional 348 shares during the last quarter. Pear Tree Advisors Inc. purchased a new position in shares of Wesco International during the fourth quarter valued at about $1,498,000. Finally, California Public Employees Retirement System boosted its position in shares of Wesco International by 7.9% in the fourth quarter. California Public Employees Retirement System now owns 124,300 shares of the company’s stock valued at $5,429,000 after buying an additional 9,100 shares during the last quarter.

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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