WESCO International (NYSE:WCC) EVP Diane Lazzaris Sells 4,039 Shares

WESCO International, Inc. (NYSE:WCC) EVP Diane Lazzaris sold 4,039 shares of the business’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $258.42, for a total value of $1,043,758.38. Following the completion of the sale, the executive vice president directly owned 45,401 shares of the company’s stock, valued at $11,732,526.42. The trade was a 8.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Diane Lazzaris also recently made the following trade(s):

• On Tuesday, November 4th, Diane Lazzaris sold 7,522 shares of WESCO International stock. The stock was sold at an average price of $256.00, for a total value of $1,925,632.00.
• On Tuesday, August 26th, Diane Lazzaris sold 3,160 shares of WESCO International stock. The shares were sold at an average price of $226.27, for a total value of $715,013.20.
• On Thursday, August 28th, Diane Lazzaris sold 4,260 shares of WESCO International stock. The shares were sold at an average price of $226.77, for a total value of $966,040.20.

WESCO International Stock Performance

Shares of WCC traded up $0.66 during mid-day trading on Thursday, reaching $257.25. 486,961 shares of the company’s stock were exchanged, compared to its average volume of 704,912. The business’s fifty day simple moving average is $220.68 and its 200-day simple moving average is $198.47. The stock has a market capitalization of $12.52 billion, a PE ratio of 20.14, a price-to-earnings-growth ratio of 1.77 and a beta of 1.79. WESCO International, Inc. has a 52-week low of $125.21 and a 52-week high of $263.37. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.09 and a quick ratio of 1.19.

WESCO International (NYSE:WCC) last released its quarterly earnings results on Thursday, October 30th. The technology company reported $3.92 EPS for the quarter, beating the consensus estimate of $3.75 by $0.17. WESCO International had a net margin of 2.98% and a return on equity of 12.96%. The firm had revenue of $6.20 billion during the quarter, compared to the consensus estimate of $5.91 billion. During the same quarter in the prior year, the firm earned $3.58 EPS. WESCO International’s revenue for the quarter 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, equities research analysts expect that WESCO International, Inc. will post 13.3 earnings per share for the current year.

WESCO International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 12th were paid a dividend of $0.4538 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $1.82 annualized dividend and a yield of 0.7%. WESCO International’s dividend payout ratio is currently 14.20%.

Hedge Funds Weigh In On WESCO International

Several hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in WESCO International by 27.7% during the first quarter. GAMMA Investing LLC now owns 479 shares of the technology company’s stock worth $74,000 after purchasing an additional 104 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of WESCO International by 88.2% in the first quarter. Bank of New York Mellon Corp now owns 758,786 shares of the technology company’s stock valued at $117,839,000 after buying an additional 355,570 shares in the last quarter. TD Private Client Wealth LLC raised its stake in shares of WESCO International by 4,600.0% during the 1st quarter. TD Private Client Wealth LLC now owns 1,974 shares of the technology company’s stock worth $307,000 after buying an additional 1,932 shares during the last quarter. Greenleaf Trust boosted its position in shares of WESCO International by 3.7% in the 1st quarter. Greenleaf Trust now owns 2,360 shares of the technology company’s stock worth $367,000 after buying an additional 84 shares in the last quarter. Finally, Whittier Trust Co. grew its stake in WESCO International by 46.8% in the 1st quarter. Whittier Trust Co. now owns 279 shares of the technology company’s stock valued at $43,000 after acquiring an additional 89 shares during the last quarter. 93.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on WCC. KeyCorp increased their price objective on WESCO International from $258.00 to $300.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Stephens downgraded shares of WESCO International from an “overweight” rating to an “equal weight” rating and upped their price objective for the stock from $190.00 to $200.00 in a research report on Wednesday, July 16th. Royal Bank Of Canada lifted their target price on shares of WESCO International from $222.00 to $262.00 and gave the company a “sector perform” rating in a report on Friday, October 31st. Wall Street Zen upgraded shares of WESCO International from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Finally, Loop Capital raised their price objective on shares of WESCO International from $220.00 to $235.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $248.89.

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).