WESCO International (NYSE:WCC) Reaches New 12-Month High – Time to Buy?

Shares of WESCO International, Inc. (NYSE:WCC) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $268.48 and last traded at $267.3980, with a volume of 110005 shares trading hands. The stock had previously closed at $264.58.

Analyst Ratings Changes

Several research analysts recently issued reports on WCC shares. Barclays raised their target price on WESCO International from $258.00 to $274.00 and gave the stock an “overweight” rating in a research report on Thursday, November 13th. KeyCorp lifted their price objective on WESCO International from $258.00 to $300.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st. Oppenheimer upped their target price on WESCO International from $225.00 to $255.00 and gave the company an “outperform” rating in a report on Friday, September 5th. Loop Capital raised their price target on shares of WESCO International from $220.00 to $235.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Finally, JPMorgan Chase & Co. boosted their price target on shares of WESCO International from $225.00 to $245.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $255.11.

WESCO International Price Performance

The business has a 50-day moving average of $234.34 and a 200 day moving average of $209.99. The company has a current ratio of 2.09, a quick ratio of 1.19 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $13.01 billion, a P/E ratio of 20.94, a price-to-earnings-growth ratio of 1.77 and a beta of 1.79.

WESCO International (NYSE:WCC) last announced its quarterly earnings results on Thursday, October 30th. The technology company reported $3.92 EPS for the quarter, beating analysts’ consensus estimates of $3.75 by $0.17. WESCO International had a net margin of 2.98% and a return on equity of 12.96%. The business had revenue of $6.20 billion during the quarter, compared to analyst estimates of $5.91 billion. During the same quarter in the previous year, the business posted $3.58 EPS. WESCO International’s quarterly revenue was up 12.9% on a year-over-year basis. WESCO International has set its FY 2025 guidance at 13.100-13.600 EPS. On average, sell-side analysts predict that WESCO International, Inc. will post 13.3 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Nelson John Squires III sold 13,780 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $219.59, for a total value of $3,025,950.20. Following the completion of the transaction, the executive vice president directly owned 48,625 shares of the company’s stock, valued at $10,677,563.75. This represents a 22.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Christine Ann Wolf sold 4,685 shares of the company’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $259.52, for a total value of $1,215,851.20. Following the completion of the transaction, the executive vice president owned 30,195 shares of the company’s stock, valued at $7,836,206.40. This trade represents a 13.43% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 30,816 shares of company stock valued at $7,411,204. 3.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On WESCO International

Large investors have recently added to or reduced their stakes in the company. Lazard Asset Management LLC boosted its stake in WESCO International by 1.4% in the 2nd quarter. Lazard Asset Management LLC now owns 4,006 shares of the technology company’s stock worth $740,000 after purchasing an additional 54 shares in the last quarter. Parallel Advisors LLC raised its holdings in WESCO International by 13.4% in the second quarter. Parallel Advisors LLC now owns 507 shares of the technology company’s stock worth $94,000 after buying an additional 60 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in WESCO International by 6.3% in the third quarter. Farther Finance Advisors LLC now owns 1,340 shares of the technology company’s stock worth $283,000 after buying an additional 79 shares during the last quarter. Third Avenue Management LLC lifted its stake in shares of WESCO International by 0.6% in the first quarter. Third Avenue Management LLC now owns 14,822 shares of the technology company’s stock worth $2,302,000 after buying an additional 83 shares in the last quarter. Finally, Brown Brothers Harriman & Co. grew its holdings 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 valued at $28,000 after buying an additional 83 shares during the last quarter. Hedge funds and other institutional investors own 93.75% of the company’s stock.

WESCO International Company Profile

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).