Shares of WESCO International, Inc. (NYSE:WCC) have been assigned an average recommendation of “Hold” from the twelve research firms that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $64.17.

WCC has been the subject of a number of research reports. TheStreet cut shares of WESCO International from a “b-” rating to a “c+” rating in a research report on Friday, May 24th. Northcoast Research restated a “buy” rating on shares of WESCO International in a research note on Friday, May 3rd. Wells Fargo & Co set a $2,100.00 price objective on shares of Amazon.com and gave the company a “buy” rating in a research note on Monday, March 18th. Zacks Investment Research lowered shares of German American Bancorp. from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Finally, ValuEngine upgraded shares of Valmont Industries from a “sell” rating to a “hold” rating in a research note on Friday.

WCC traded up $1.27 on Friday, reaching $50.18. The company had a trading volume of 306,253 shares, compared to its average volume of 507,084. WESCO International has a 1 year low of $43.94 and a 1 year high of $63.20. The company has a market cap of $2.19 billion, a PE ratio of 10.41, a PEG ratio of 0.91 and a beta of 1.74. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.18 and a quick ratio of 1.31. The stock’s 50-day simple moving average is $49.15.

WESCO International (NYSE:WCC) last announced its quarterly earnings results on Thursday, May 2nd. The technology company reported $0.93 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.02). WESCO International had a net margin of 2.77% and a return on equity of 10.34%. The company had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $2 billion. During the same period last year, the firm earned $0.93 earnings per share. WESCO International’s revenue was down 1.6% on a year-over-year basis. On average, equities analysts expect that WESCO International will post 5.39 earnings per share for the current year.

In related news, Director John K. Morgan sold 3,077 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $51.29, for a total transaction of $157,819.33. Following the transaction, the director now owns 25,984 shares of the company’s stock, valued at $1,332,719.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lynn M. Utter sold 1,513 shares of the stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $48.97, for a total transaction of $74,091.61. Following the transaction, the director now directly owns 11,151 shares in the company, valued at approximately $546,064.47. The disclosure for this sale can be found here. Corporate insiders own 2.80% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in WESCO International during the 4th quarter valued at $37,803,000. New York State Common Retirement Fund grew its holdings in WESCO International by 16.6% during the 1st quarter. New York State Common Retirement Fund now owns 208,584 shares of the technology company’s stock valued at $11,057,000 after purchasing an additional 29,766 shares in the last quarter. Parametric Portfolio Associates LLC grew its holdings in WESCO International by 12.4% during the 1st quarter. Parametric Portfolio Associates LLC now owns 190,375 shares of the technology company’s stock valued at $10,092,000 after purchasing an additional 20,960 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in WESCO International by 75.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 293,472 shares of the technology company’s stock valued at $15,557,000 after purchasing an additional 125,940 shares in the last quarter. Finally, Frontier Capital Management Co. LLC grew its holdings in WESCO International by 1.8% during the 1st quarter. Frontier Capital Management Co. LLC now owns 555,285 shares of the technology company’s stock valued at $29,436,000 after purchasing an additional 9,678 shares in the last quarter. 98.48% of the stock is owned by institutional investors and hedge funds.

WESCO International Company Profile

WESCO International, Inc distributes electrical, industrial, and communications maintenance, repair and operating (MRO) and original equipment manufacturers products and construction materials in North America and internationally. The company sells general supplies, such as wiring devices, fuses, terminals, connectors, boxes, enclosures, fittings, lugs, terminations, wraps, splicing and marking equipment, tools and testers, safety, personal protection, sealants, cutting tools, adhesives, consumables, fasteners, janitorial, and other MRO supplies.

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Analyst Recommendations for WESCO International (NYSE:WCC)

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