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

WESCO International (NYSE:WCC) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Sunday.

A number of other research firms also recently commented on WCC. Weiss Ratings raised shares of WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Barclays increased their price target on WESCO International from $313.00 to $375.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. KeyCorp raised their price target on shares of WESCO International from $340.00 to $415.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Stephens raised their price objective on WESCO International from $275.00 to $350.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Finally, Royal Bank Of Canada boosted their target price on shares of WESCO International from $352.00 to $411.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $334.56.

WESCO International Price Performance

Shares of WCC traded up $6.68 during mid-day trading on Friday, hitting $335.59. 960,013 shares of the stock were exchanged, compared to its average volume of 601,163. The firm has a 50-day moving average of $350.41 and a two-hundred day moving average of $306.75. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.22 and a current ratio of 2.12. The company has a market cap of $16.35 billion, a PE ratio of 23.85, a price-to-earnings-growth ratio of 2.10 and a beta of 1.54. WESCO International has a 52-week low of $195.43 and a 52-week high of $377.90.

WESCO International (NYSE:WCC) last issued its quarterly earnings results on Thursday, April 30th. The technology company reported $3.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.88 by $0.49. WESCO International had a return on equity of 13.82% and a net margin of 2.79%.The company had revenue of $6.08 billion during the quarter, compared to the consensus estimate of $5.86 billion. During the same period last year, the company earned $2.21 earnings per share. WESCO International’s revenue was up 13.8% on a year-over-year basis. WESCO International has set its FY 2026 guidance at 15.000-17.000 EPS. On average, equities analysts predict that WESCO International will post 15.94 earnings per share for the current year.

Insider Activity at WESCO International

In related news, EVP Christine Ann Wolf sold 2,549 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $355.25, for a total transaction of $905,532.25. Following the completion of the sale, the executive vice president directly owned 29,570 shares of the company’s stock, valued at approximately $10,504,742.50. This trade represents a 7.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Akash Khurana sold 4,000 shares of WESCO International stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $359.13, for a total transaction of $1,436,520.00. Following the completion of the sale, the executive vice president owned 30,775 shares of the company’s stock, valued at $11,052,225.75. This trade represents a 11.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 144,486 shares of company stock valued at $51,846,641 over the last 90 days. Corporate insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On WESCO International

Several hedge funds have recently added to or reduced their stakes in WCC. Cornerstone Planning Group LLC grew its position in shares of WESCO International by 92.7% during the fourth quarter. Cornerstone Planning Group LLC now owns 106 shares of the technology company’s stock worth $26,000 after acquiring an additional 51 shares during the last quarter. Torren Management LLC purchased a new position in shares of WESCO International during the 4th quarter worth approximately $32,000. Brown Brothers Harriman & Co. raised its position in WESCO International by 166.0% in the third quarter. Brown Brothers Harriman & Co. now owns 133 shares of the technology company’s stock worth $28,000 after acquiring an additional 83 shares in the last quarter. Hilton Head Capital Partners LLC acquired a new stake in shares of WESCO International in the fourth quarter valued at about $39,000. Finally, V Square Quantitative Management LLC acquired a new stake in shares of WESCO International during the 4th quarter valued at approximately $52,000. 93.75% of the stock is currently owned by hedge funds and other institutional investors.

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.