WESCO International (NYSE:WCC) Hits New 1-Year High – Should You Buy?

Shares of WESCO International, Inc. (NYSE:WCC) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $213.75 and last traded at $211.03, with a volume of 200966 shares trading hands. The stock had previously closed at $207.05.

Analyst Ratings Changes

A number of brokerages recently commented on WCC. Royal Bank of Canada raised their target price on WESCO International from $186.00 to $199.00 and gave the company a “sector perform” rating in a report on Friday, November 1st. Stephens raised their price target on shares of WESCO International from $190.00 to $205.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Baird R W upgraded WESCO International from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. Oppenheimer boosted their price objective 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, Loop Capital raised their target price on shares of WESCO International from $190.00 to $210.00 and gave the company a “buy” rating in a report on Friday, September 27th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $208.86.

WESCO International Stock Up 0.3 %

The firm has a 50-day moving average of $174.64 and a two-hundred day moving average of $170.16. 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 firm has a market capitalization of $10.17 billion, a PE ratio of 16.59, a price-to-earnings-growth ratio of 1.67 and a beta of 2.01.

WESCO International (NYSE:WCC) last released its quarterly earnings data on Thursday, October 31st. The technology company reported $3.58 earnings per share for the quarter, beating the consensus estimate of $3.22 by $0.36. WESCO International had a return on equity of 13.19% and a net margin of 3.19%. The business had revenue of $5.49 billion for the quarter, compared to analyst estimates of $5.46 billion. During the same period in the previous year, the company posted $4.49 EPS. The company’s revenue was down 2.7% compared to the same quarter last year. On average, equities research analysts forecast that WESCO International, Inc. will post 12.22 EPS for the current year.

WESCO International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a $0.4125 dividend. This represents a $1.65 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend was Friday, September 13th. WESCO International’s dividend payout ratio is presently 13.21%.

Insider Buying and Selling

In other WESCO International news, CFO David S. Schulz sold 14,938 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $206.55, for a total value of $3,085,443.90. Following the transaction, the chief financial officer now directly owns 104,471 shares of the company’s stock, valued at $21,578,485.05. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CFO David S. Schulz sold 14,938 shares of WESCO International stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $206.55, for a total transaction of $3,085,443.90. Following the sale, the chief financial officer now owns 104,471 shares in the company, valued at $21,578,485.05. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Nelson John Squires III sold 10,000 shares of the company’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $190.00, for a total transaction of $1,900,000.00. Following the completion of the transaction, the executive vice president now owns 54,621 shares of the company’s stock, valued at $10,377,990. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 33,586 shares of company stock valued at $6,565,762. Company insiders own 3.10% of the company’s stock.

Institutional Trading of WESCO International

Hedge funds have recently made changes to their positions in the stock. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of WESCO International by 71.1% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 166 shares of the technology company’s stock valued at $26,000 after acquiring an additional 69 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in WESCO International in the third quarter worth $28,000. GAMMA Investing LLC increased its stake in WESCO International by 65.4% during the second quarter. GAMMA Investing LLC now owns 253 shares of the technology company’s stock valued at $40,000 after purchasing an additional 100 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of WESCO International by 18.3% during the third quarter. UMB Bank n.a. now owns 633 shares of the technology company’s stock worth $106,000 after purchasing an additional 98 shares during the period. Finally, Innealta Capital LLC bought a new position in shares of WESCO International in the 2nd quarter worth about $152,000. Institutional investors and hedge funds own 93.76% 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).