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

A number of brokerages have recently issued reports on WCC. Morgan Stanley reissued a “hold” rating and issued a $58.00 price objective on shares of Wesco International in a research note on Friday, April 29th. Zacks Investment Research raised shares of Wesco International from a “sell” rating to a “hold” rating in a research note on Thursday, July 14th. Credit Suisse Group AG reissued an “outperform” rating and issued a $68.00 price objective on shares of Wesco International in a research note on Friday, June 17th. Susquehanna increased their price objective on shares of Wesco International from $43.00 to $52.00 and gave the stock a “neutral” rating in a research note on Thursday, April 14th. Finally, Oppenheimer Holdings Inc. reissued a “buy” rating on shares of Wesco International in a research note on Monday, May 16th. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $56.91.

The company’s 50-day moving average is $54.30 and its 200-day moving average is $51.32. The firm has a market capitalization of $2.71 billion and a price-to-earnings ratio of 13.64.

Wesco International (NYSE:WCC) last posted its earnings results on Thursday, July 28th. The company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.05. The firm earned $1.91 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the prior year, the firm earned $1.00 earnings per share. The business’s revenue for the quarter was down .3% on a year-over-year basis. Equities research analysts forecast that Wesco International Inc. will post $3.66 EPS for the current fiscal year.

Other institutional investors have recently bought and sold shares of the company. Eagle Asset Management purchased a new position in Wesco International during the third quarter valued at about $26,438,000. California Public Employees Retirement System boosted its position in 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 in the last quarter. Russell Frank Co boosted its position in 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 in the last quarter. Rhumbline Advisers boosted its position in 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 in the last quarter. Finally, Pear Tree Advisors Inc. purchased a new position in Wesco International during the fourth quarter valued at about $1,498,000.

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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