WESCO International (NYSE:WCC) CAO Sells $200,012.20 in Stock

WESCO International, Inc. (NYSE:WCC) CAO Matthew Kulasa sold 790 shares of the firm’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $253.18, for a total transaction of $200,012.20. Following the completion of the sale, the chief accounting officer directly owned 3,320 shares of the company’s stock, valued at approximately $840,557.60. This represents a 19.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

WESCO International Stock Performance

Shares of NYSE:WCC opened at $254.70 on Monday. The company has a current ratio of 2.09, a quick ratio of 1.19 and a debt-to-equity ratio of 1.19. WESCO International, Inc. has a 1-year low of $125.21 and a 1-year high of $263.37. The stock has a market capitalization of $12.39 billion, a P/E ratio of 19.94, a P/E/G ratio of 1.77 and a beta of 1.79. The business has a 50-day moving average price of $222.00 and a two-hundred day moving average price of $200.31.

WESCO International (NYSE:WCC) last issued its quarterly earnings results on Thursday, October 30th. The technology company reported $3.92 EPS for the quarter, topping 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 company had revenue of $6.20 billion during the quarter, compared to analysts’ expectations of $5.91 billion. During the same quarter in the previous year, the company earned $3.58 EPS. WESCO International’s 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. Equities analysts predict that WESCO International, Inc. will post 13.3 earnings per share for the current year.

WESCO International Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Rothschild Investment LLC lifted its position in WESCO International by 788.2% in the 3rd quarter. Rothschild Investment LLC now owns 151 shares of the technology company’s stock valued at $32,000 after acquiring an additional 134 shares in the last quarter. Root Financial Partners LLC acquired a new stake in shares of WESCO International in the 3rd quarter valued at about $37,000. Whittier Trust Co. lifted its holdings in shares of WESCO International by 46.8% in the first quarter. Whittier Trust Co. now owns 279 shares of the technology company’s stock valued at $43,000 after purchasing an additional 89 shares in the last quarter. First Horizon Advisors Inc. boosted its position in shares of WESCO International by 129.7% during the second quarter. First Horizon Advisors Inc. now owns 232 shares of the technology company’s stock worth $43,000 after buying an additional 131 shares during the period. Finally, Parallel Advisors LLC grew its holdings in shares of WESCO International by 13.4% during 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 in the last quarter. Institutional investors own 93.75% of the company’s stock.

Wall Street Analysts Forecast Growth

WCC has been the subject of a number of analyst reports. Barclays began coverage on WESCO International in a research note on Wednesday, October 8th. They set an “overweight” rating and a $258.00 price objective for the company. Wall Street Zen downgraded shares of WESCO International from a “buy” rating to a “hold” rating in a research report on Saturday. KeyCorp lifted their price objective on shares of WESCO International from $258.00 to $300.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st. JPMorgan Chase & Co. boosted their price objective on shares of WESCO International from $225.00 to $245.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. Finally, Loop Capital increased their target price 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. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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).