WESCO International, Inc. (NYSE:WCC – Get Free Report) EVP Diane Lazzaris sold 17,294 shares of WESCO International stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $305.00, for a total value of $5,274,670.00. Following the sale, the executive vice president directly owned 29,065 shares in the company, valued at approximately $8,864,825. This trade represents a 37.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Diane Lazzaris also recently made the following trade(s):
- On Wednesday, February 18th, Diane Lazzaris sold 2,747 shares of WESCO International stock. The stock was sold at an average price of $302.61, for a total value of $831,269.67.
WESCO International Stock Performance
Shares of NYSE:WCC traded up $1.27 during trading on Wednesday, hitting $302.19. 600,212 shares of the stock were exchanged, compared to its average volume of 664,907. The company has a market capitalization of $14.70 billion, a price-to-earnings ratio of 23.14, a price-to-earnings-growth ratio of 1.93 and a beta of 1.45. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.27 and a current ratio of 2.20. WESCO International, Inc. has a 1-year low of $125.21 and a 1-year high of $319.67. The company’s fifty day simple moving average is $276.68 and its 200-day simple moving average is $246.33.
WESCO International Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a $0.4538 dividend. This represents a $1.82 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Friday, December 12th. WESCO International’s dividend payout ratio is currently 13.94%.
Analyst Upgrades and Downgrades
Several analysts recently commented on the company. Barclays boosted their price target on WESCO International from $302.00 to $313.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. KeyCorp set a $340.00 price objective on WESCO International in a report on Wednesday, February 11th. JPMorgan Chase & Co. upped their target price on shares of WESCO International from $260.00 to $290.00 and gave the stock an “overweight” rating in a report on Friday, January 16th. Wall Street Zen cut shares of WESCO International from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of WESCO International in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, WESCO International currently has an average rating of “Moderate Buy” and an average target price of $276.00.
Read Our Latest Research Report on WCC
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. Cornerstone Planning Group LLC lifted its position in WESCO International by 92.7% during the 4th quarter. Cornerstone Planning Group LLC now owns 106 shares of the technology company’s stock worth $26,000 after buying an additional 51 shares in the last quarter. Torren Management LLC bought a new position in shares of WESCO International in the fourth quarter worth about $32,000. Brown Brothers Harriman & Co. lifted its position in shares of WESCO International by 166.0% during the third quarter. Brown Brothers Harriman & Co. now owns 133 shares of the technology company’s stock worth $28,000 after purchasing an additional 83 shares in the last quarter. Rothschild Investment LLC grew its stake in shares of WESCO International by 788.2% during the third quarter. Rothschild Investment LLC now owns 151 shares of the technology company’s stock valued at $32,000 after purchasing an additional 134 shares during the last quarter. Finally, Hilton Head Capital Partners LLC bought a new stake in shares of WESCO International during the fourth quarter valued at approximately $39,000. 93.75% of the stock is owned by institutional investors.
WESCO International Company Profile
WESCO International, Inc is a leading global distributor of electrical, industrial, communications and utility products, serving a diverse customer base across maintenance, repair and operations (MRO), original equipment manufacturing (OEM) and construction markets. The company offers a comprehensive portfolio of products ranging from power distribution and automation solutions to data communications, security systems and lighting controls. Through an extensive branch network, WESCO provides critical components and value‐added services that help organizations streamline operations and improve reliability in their facilities and infrastructure.
In addition to its broad product offering, WESCO delivers advanced supply chain management and logistics solutions designed to optimize inventory levels, reduce downtime and lower overall procurement costs.
Further Reading
- Five stocks we like better than WESCO International
- Your Bank Account Is No Longer Safe
- What a Former CIA Agent Knows About the Coming Collapse
- Have $500? Invest in Elon’s AI Masterplan
- Is Trump Done? Shocking leak…
- [How To] Invest Pre-IPO In SpaceX With $100!
Receive News & Ratings for WESCO International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WESCO International and related companies with MarketBeat.com's FREE daily email newsletter.
