DA Davidson Initiates Coverage on WESCO International (NYSE:WCC)

Equities researchers at DA Davidson assumed coverage on shares of WESCO International (NYSE:WCC) in a note issued to investors on Tuesday. The firm set a “buy” rating and a $440.00 price target on the technology company’s stock. DA Davidson’s target price would indicate a potential upside of 26.40% from the company’s current price.

A number of other equities analysts have also commented on WCC. Stephens raised their price objective on shares of WESCO International from $275.00 to $350.00 and gave the company an “equal weight” rating in a research report on Monday, May 4th. Barclays lifted their target price on shares of WESCO International from $313.00 to $375.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. KeyCorp lifted their price objective on shares of WESCO International from $340.00 to $415.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Weiss Ratings raised shares of WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Finally, Royal Bank Of Canada lifted their price objective on shares of WESCO International from $352.00 to $411.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, WESCO International presently has a consensus rating of “Buy” and a consensus price target of $334.56.

WESCO International Price Performance

WCC stock opened at $348.09 on Tuesday. The firm has a 50 day moving average of $337.50 and a 200-day moving average of $297.03. The company has a current ratio of 2.12, a quick ratio of 1.22 and a debt-to-equity ratio of 1.13. WESCO International has a 12 month low of $171.36 and a 12 month high of $377.90. The firm has a market capitalization of $16.96 billion, a P/E ratio of 24.74, a price-to-earnings-growth ratio of 2.18 and a beta of 1.53.

WESCO International (NYSE:WCC) last released its quarterly earnings data on Thursday, April 30th. The technology company reported $3.37 EPS for the quarter, beating analysts’ consensus estimates of $2.88 by $0.49. WESCO International had a net margin of 2.79% and a return on equity of 13.82%. The company had revenue of $6.08 billion during the quarter, compared to analyst estimates of $5.86 billion. During the same period last year, the business earned $2.21 earnings per share. WESCO International’s revenue was up 13.8% compared to the same quarter last year. WESCO International has set its FY 2026 guidance at 15.000-17.000 EPS. As a group, sell-side analysts predict that WESCO International will post 15.9 earnings per share for the current fiscal year.

Insider Activity at WESCO International

In related news, EVP Hemant Porwal sold 4,445 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of $363.21, for a total transaction of $1,614,468.45. Following the transaction, the executive vice president owned 16,618 shares of the company’s stock, valued at approximately $6,035,823.78. This trade represents a 21.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO David S. Schulz sold 31,951 shares of the stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $360.44, for a total transaction of $11,516,418.44. Following the transaction, the chief financial officer directly owned 77,038 shares in the company, valued at approximately $27,767,576.72. This represents a 29.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 144,486 shares of company stock worth $51,846,641 in the last 90 days. Corporate insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Arkadios Wealth Advisors increased its stake in shares of WESCO International by 5.0% in the first quarter. Arkadios Wealth Advisors now owns 2,138 shares of the technology company’s stock worth $585,000 after buying an additional 102 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of WESCO International by 33.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,457 shares of the technology company’s stock worth $399,000 after buying an additional 368 shares during the last quarter. California State Teachers Retirement System grew its position in shares of WESCO International by 22.3% in the 1st quarter. California State Teachers Retirement System now owns 56,353 shares of the technology company’s stock worth $15,419,000 after buying an additional 10,267 shares during the last quarter. Bessemer Group Inc. grew its position in shares of WESCO International by 2.4% in the 1st quarter. Bessemer Group Inc. now owns 2,214 shares of the technology company’s stock worth $606,000 after buying an additional 51 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of WESCO International by 10.3% in the 1st quarter. Bank of New York Mellon Corp now owns 907,473 shares of the technology company’s stock worth $248,303,000 after buying an additional 84,905 shares during the last quarter. 93.75% of the stock is owned by hedge funds and other institutional investors.

About WESCO International

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.