WESCO International (NYSE:WCC) Downgraded by Wall Street Zen to Hold

Wall Street Zen downgraded shares of WESCO International (NYSE:WCC) from a buy rating to a hold rating in a research note published on Saturday.

Several other analysts also recently commented on WCC. JPMorgan Chase & Co. increased their price objective on WESCO International from $260.00 to $290.00 and gave the stock an “overweight” rating in a research note on Friday. Royal Bank Of Canada raised WESCO International from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $262.00 to $302.00 in a research report on Wednesday, November 19th. Barclays lifted their price objective on shares of WESCO International from $274.00 to $302.00 and gave the stock an “overweight” rating in a report on Monday, January 12th. Weiss Ratings reiterated a “hold (c+)” rating on shares of WESCO International in a report on Wednesday, October 8th. Finally, KeyCorp upped their price objective on shares of WESCO International from $258.00 to $300.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $265.50.

WESCO International Stock Down 0.8%

WESCO International stock opened at $281.77 on Friday. The company’s 50-day moving average price is $261.32 and its two-hundred day moving average price is $231.59. The company has a quick ratio of 1.20, a current ratio of 2.09 and a debt-to-equity ratio of 1.18. The stock has a market cap of $13.71 billion, a P/E ratio of 22.10, a P/E/G ratio of 1.79 and a beta of 1.45. WESCO International has a twelve month low of $125.21 and a twelve month high of $285.20.

WESCO International (NYSE:WCC) last issued its earnings results on Thursday, October 30th. The technology company reported $3.92 earnings per share for the quarter, beating analysts’ consensus estimates of $3.75 by $0.17. The firm had revenue of $6.20 billion for the quarter, compared to the consensus estimate of $5.91 billion. WESCO International had a return on equity of 13.12% and a net margin of 2.81%.The company’s revenue was up 12.9% compared to the same quarter last year. During the same quarter last year, the business posted $3.58 EPS. WESCO International has set its FY 2025 guidance at 13.100-13.600 EPS. As a group, analysts expect that WESCO International will post 13.3 EPS for the current year.

WESCO International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were issued a dividend of $0.4538 per share. The ex-dividend date was Friday, December 12th. This represents a $1.82 annualized dividend and a yield of 0.6%. WESCO International’s dividend payout ratio is currently 14.27%.

Insider Buying and Selling

In related news, EVP Christine Ann Wolf sold 4,685 shares of the firm’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $259.52, for a total value of $1,215,851.20. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Diane Lazzaris sold 7,522 shares of the business’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $256.00, for a total transaction of $1,925,632.00. Following the sale, the executive vice president owned 45,401 shares in the company, valued at approximately $11,622,656. This trade represents a 14.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 17,036 shares of company stock valued at $4,385,254 over the last three months. 3.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On WESCO International

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Brown Brothers Harriman & Co. lifted its holdings in 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 purchasing an additional 83 shares in the last quarter. Rothschild Investment LLC raised its holdings in 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 acquiring an additional 134 shares during the period. Root Financial Partners LLC purchased a new position in shares of WESCO International in the third quarter valued at about $37,000. First Horizon Advisors Inc. boosted its stake in shares of WESCO International by 129.7% in the second quarter. First Horizon Advisors Inc. now owns 232 shares of the technology company’s stock worth $43,000 after acquiring an additional 131 shares during the period. Finally, Rossby Financial LCC grew its position in shares of WESCO International by 117.4% during the third quarter. Rossby Financial LCC now owns 200 shares of the technology company’s stock worth $43,000 after purchasing an additional 108 shares in the last quarter. Hedge funds and other institutional investors own 93.75% of the company’s stock.

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.