WESCO International (NYSE:WCC) Sets New 52-Week Low – Time to Sell?

WESCO International, Inc. (NYSE:WCC) reached a new 52-week low during trading on Thursday . The company traded as low as $141.30 and last traded at $143.20, with a volume of 1374916 shares. The stock had previously closed at $162.39.

Analyst Ratings Changes

Several research firms recently weighed in on WCC. Royal Bank of Canada increased their price target on shares of WESCO International from $212.00 to $213.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 12th. Jefferies Financial Group increased their target price on shares of WESCO International from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, December 6th. StockNews.com cut shares of WESCO International from a “buy” rating to a “hold” rating in a report on Wednesday, February 12th. KeyCorp reduced their price objective on WESCO International from $245.00 to $205.00 and set an “overweight” rating for the company in a report on Monday, March 17th. Finally, Stephens boosted their target price on WESCO International from $205.00 to $215.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, WESCO International has a consensus rating of “Moderate Buy” and an average target price of $219.43.

WESCO International Trading Down 11.5 %

The firm has a 50-day simple moving average of $176.32 and a 200-day simple moving average of $182.82. The company has a quick ratio of 1.27, a current ratio of 2.20 and a debt-to-equity ratio of 1.02. The stock has a market cap of $7.01 billion, a PE ratio of 10.99, a P/E/G ratio of 1.45 and a beta of 2.00.

WESCO International (NYSE:WCC) last issued its quarterly earnings data on Tuesday, February 11th. The technology company reported $3.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.07). WESCO International had a return on equity of 13.63% and a net margin of 3.29%. Equities analysts forecast that WESCO International, Inc. will post 13.3 earnings per share for the current year.

WESCO International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a $0.4538 dividend. This is a positive change from WESCO International’s previous quarterly dividend of $0.41. This represents a $1.82 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date was Friday, March 14th. WESCO International’s dividend payout ratio (DPR) is 13.85%.

Institutional Trading of WESCO International

A number of hedge funds and other institutional investors have recently bought and sold shares of WCC. Covestor Ltd grew its position in shares of WESCO International by 5.5% during the 4th quarter. Covestor Ltd now owns 1,198 shares of the technology company’s stock valued at $216,000 after purchasing an additional 62 shares in the last quarter. V Square Quantitative Management LLC grew its position in WESCO International by 39.9% during the fourth quarter. V Square Quantitative Management LLC now owns 235 shares of the technology company’s stock worth $43,000 after buying an additional 67 shares in the last quarter. GAMMA Investing LLC increased its stake in WESCO International by 25.0% in the 4th quarter. GAMMA Investing LLC now owns 375 shares of the technology company’s stock worth $68,000 after acquiring an additional 75 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of WESCO International by 43.5% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 267 shares of the technology company’s stock valued at $48,000 after acquiring an additional 81 shares in the last quarter. Finally, Van ECK Associates Corp boosted its position in shares of WESCO International by 1.7% during the 4th quarter. Van ECK Associates Corp now owns 30,178 shares of the technology company’s stock valued at $5,461,000 after acquiring an additional 512 shares during the last quarter. Institutional investors own 93.76% of the company’s stock.

About WESCO International

WESCO International, Inc provides business-to-business distribution, logistics services, and supply chain solutions in the United States, Canada, and internationally. It operates through three segments: Electrical & Electronic Solutions (EES), Communications & Security Solutions (CSS), and Utility and Broadband Solutions (UBS).