Insider Selling: WESCO International, Inc. (NYSE:WCC) CFO Sells 14,938 Shares of Stock

WESCO International, Inc. (NYSE:WCC) CFO David S. Schulz sold 14,938 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $206.55, for a total transaction of $3,085,443.90. Following the completion of the sale, the chief financial officer now owns 104,471 shares of the company’s stock, valued at $21,578,485.05. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

WESCO International Price Performance

NYSE:WCC traded up $2.86 during mid-day trading on Wednesday, hitting $207.21. The company’s stock had a trading volume of 709,116 shares, compared to its average volume of 708,381. The company has a current ratio of 2.21, a quick ratio of 1.29 and a debt-to-equity ratio of 0.99. The stock has a fifty day moving average of $173.57 and a 200-day moving average of $169.90. The company has a market capitalization of $10.15 billion, a price-to-earnings ratio of 16.63, a P/E/G ratio of 1.67 and a beta of 2.01. WESCO International, Inc. has a fifty-two week low of $132.37 and a fifty-two week high of $213.41.

WESCO International (NYSE:WCC) last posted its earnings results on Thursday, October 31st. The technology company reported $3.58 EPS for the quarter, topping the consensus estimate of $3.22 by $0.36. The business had revenue of $5.49 billion during the quarter, compared to the consensus estimate of $5.46 billion. WESCO International had a return on equity of 13.19% and a net margin of 3.19%. WESCO International’s revenue was down 2.7% on a year-over-year basis. During the same quarter last year, the company earned $4.49 EPS. As a group, equities analysts forecast that WESCO International, Inc. will post 12.22 EPS for the current fiscal year.

WESCO International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were issued a dividend of $0.4125 per share. This represents a $1.65 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend was Friday, September 13th. WESCO International’s dividend payout ratio is currently 13.21%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on WCC. Stephens boosted their target price on shares of WESCO International from $190.00 to $205.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Robert W. Baird boosted their price objective on WESCO International from $215.00 to $223.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. KeyCorp raised their target price on WESCO International from $195.00 to $225.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Oppenheimer lifted their price target on WESCO International from $205.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Royal Bank of Canada increased their price objective on WESCO International from $186.00 to $199.00 and gave the company a “sector perform” rating in a research report on Friday, November 1st. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $208.86.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of WESCO International by 71.1% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 166 shares of the technology company’s stock worth $26,000 after purchasing an additional 69 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its stake in shares of WESCO International by 1.7% during the third quarter. Fifth Third Wealth Advisors LLC now owns 4,335 shares of the technology company’s stock valued at $728,000 after purchasing an additional 71 shares during the last quarter. UMB Bank n.a. increased its stake in shares of WESCO International by 18.3% in the 3rd quarter. UMB Bank n.a. now owns 633 shares of the technology company’s stock valued at $106,000 after buying an additional 98 shares during the period. GAMMA Investing LLC raised its position in shares of WESCO International by 65.4% during the second quarter. GAMMA Investing LLC now owns 253 shares of the technology company’s stock worth $40,000 after acquiring an additional 100 shares during the last quarter. Finally, Greenleaf Trust lifted its stake in shares of WESCO International by 4.8% during the third quarter. Greenleaf Trust now owns 2,401 shares of the technology company’s stock valued at $403,000 after acquiring an additional 111 shares during the period. 93.76% of the stock is owned by institutional investors and hedge funds.

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).