WESCO International (NYSE:WCC) Stock Bumped Down to Hold by Zacks Research

Zacks Research lowered shares of WESCO International (NYSE:WCC) from a strong-buy rating to a hold rating in a report issued on Monday morning,Zacks reports.

WCC has been the topic of a number of other reports. Barclays raised their price target on WESCO International from $390.00 to $437.00 and gave the company an “overweight” rating in a report on Monday, October 12th. Stephens upgraded shares of WESCO International from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $350.00 to $400.00 in a research note on Tuesday, July 14th. Wall Street Zen downgraded shares of WESCO International from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Royal Bank Of Canada increased their target price on shares of WESCO International from $430.00 to $435.00 and gave the company an “outperform” rating in a research report on Wednesday, October 14th. Finally, Weiss Ratings upgraded shares of WESCO International from a “hold (c+)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $402.83.

WESCO International Stock Performance

Shares of WCC stock opened at $341.95 on Monday. WESCO International has a 12-month low of $213.48 and a 12-month high of $388.64. The firm has a market capitalization of $16.66 billion, a price-to-earnings ratio of 23.63, a price-to-earnings-growth ratio of 2.04 and a beta of 1.54. The business has a 50 day simple moving average of $353.14 and a 200 day simple moving average of $343.67. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.09 and a quick ratio of 1.23.

WESCO International (NYSE:WCC) last posted its earnings results on Thursday, July 30th. The technology company reported $4.57 EPS for the quarter, beating the consensus estimate of $3.98 by $0.59. WESCO International had a return on equity of 14.95% and a net margin of 2.84%. The firm had revenue of $6.67 billion for the quarter, compared to analysts’ expectations of $6.44 billion. During the same period last year, the firm earned $3.83 EPS. The firm’s revenue was up 13.0% compared to the same quarter last year. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. On average, equities research analysts anticipate that WESCO International will post 16.77 EPS for the current year.

WESCO International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Friday, September 11th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, September 11th. This represents a $2.00 annualized dividend and a yield of 0.6%. WESCO International’s payout ratio is presently 13.82%.

Insiders Place Their Bets

In other WESCO International news, Director Laura Thompson sold 270 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $368.45, for a total value of $99,481.50. Following the completion of the sale, the director directly owned 10,720 shares in the company, valued at $3,949,784. This represents a 2.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Akash Khurana sold 3,400 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $366.78, for a total value of $1,247,052.00. Following the transaction, the executive vice president directly owned 27,404 shares of the company’s stock, valued at approximately $10,051,239.12. The trade was a 11.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.60% of the stock is currently owned by insiders.

Institutional Trading of WESCO International

Several institutional investors have recently modified their holdings of the company. Sequoia Financial Advisors LLC increased its holdings in shares of WESCO International by 28.8% in the second quarter. Sequoia Financial Advisors LLC now owns 23,336 shares of the technology company’s stock valued at $8,061,000 after buying an additional 5,224 shares in the last quarter. Engineers Gate Manager LP acquired a new stake in shares of WESCO International during the 2nd quarter valued at $8,338,000. BlackRock Inc. acquired a new stake in shares of WESCO International during the 2nd quarter valued at $3,094,634,000. Bank of America Corp DE bought a new stake in shares of WESCO International during the 2nd quarter worth $296,304,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of WESCO International during the 2nd quarter worth $2,243,000. Institutional investors and hedge funds own 93.75% of the company’s stock.

WESCO International Company Profile

WESCO International, Inc is a business-to-business provider of electrical, communications, security, and supply chain solutions. The company distributes products used in electrical and electronic systems, including wire and cable, lighting, circuit protection, automation and control equipment, data communications infrastructure, security products, and other electrical and industrial supplies.

WESCO serves a broad range of customers, including electrical and data communications contractors, industrial companies, original equipment manufacturers, utilities, commercial and institutional businesses, government entities, and telecommunications providers.