WESCO International (NYSE:WCC) Lowered to Hold Rating by StockNews.com

StockNews.com downgraded shares of WESCO International (NYSE:WCC) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning.

Other analysts also recently issued research reports about the company. Robert W. Baird raised their price target on WESCO International from $215.00 to $223.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Baird R W raised WESCO International from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. Oppenheimer lifted their target price on WESCO International from $205.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Stephens lifted their target price on WESCO International from $190.00 to $205.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Finally, Jefferies Financial Group lifted their target price on WESCO International from $225.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $217.63.

WESCO International Trading Up 2.5 %

Shares of NYSE WCC opened at $193.22 on Wednesday. The company has a market cap of $9.47 billion, a price-to-earnings ratio of 15.47, a price-to-earnings-growth ratio of 1.34 and a beta of 2.01. WESCO International has a 12-month low of $132.37 and a 12-month high of $216.17. 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’s 50 day simple moving average is $187.14 and its 200 day simple moving average is $179.65.

WESCO International (NYSE:WCC) last announced its quarterly earnings results on Tuesday, February 11th. The technology company reported $3.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.23 by ($0.07). WESCO International had a return on equity of 13.19% and a net margin of 3.19%. Equities research analysts expect that WESCO International will post 12.3 EPS for the current year.

WESCO International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a $0.4125 dividend. This represents a $1.65 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date was Friday, December 13th. WESCO International’s dividend payout ratio is presently 13.21%.

Institutional Trading of WESCO International

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC raised its stake in shares of WESCO International by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 762,653 shares of the technology company’s stock worth $128,143,000 after buying an additional 22,080 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of WESCO International by 2.5% in the 4th quarter. Bank of New York Mellon Corp now owns 403,216 shares of the technology company’s stock worth $72,966,000 after buying an additional 10,016 shares in the last quarter. Thompson Siegel & Walmsley LLC grew its holdings in shares of WESCO International by 341.8% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 258,486 shares of the technology company’s stock worth $43,420,000 after acquiring an additional 199,975 shares during the last quarter. Davis Selected Advisers grew its holdings in shares of WESCO International by 0.4% in the 4th quarter. Davis Selected Advisers now owns 256,987 shares of the technology company’s stock worth $46,504,000 after acquiring an additional 967 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. grew its holdings in shares of WESCO International by 0.4% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 195,731 shares of the technology company’s stock worth $35,419,000 after acquiring an additional 752 shares during the last quarter. Institutional investors own 93.76% of the company’s stock.

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).