WESCO International (NYSE:WCC) Reaches New 52-Week High – Should You Buy?

WESCO International, Inc. (NYSE:WCC) shares reached a new 52-week high during trading on Monday . The company traded as high as $213.90 and last traded at $213.29, with a volume of 7927 shares changing hands. The stock had previously closed at $209.86.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. StockNews.com raised shares of WESCO International from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. KeyCorp lifted their target price on shares of WESCO International from $195.00 to $225.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Baird R W upgraded WESCO International from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. Robert W. Baird upped their target price on WESCO International from $215.00 to $223.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Royal Bank of Canada increased their price target on shares of WESCO International from $186.00 to $199.00 and gave the stock a “sector perform” rating in a research note on Friday, November 1st. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $208.86.

WESCO International Trading Down 1.0 %

The business’s 50-day simple moving average is $182.85 and its two-hundred day simple moving average is $172.43. 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 company has a market capitalization of $10.34 billion, a PE ratio of 16.89, a PEG ratio of 1.74 and a beta of 2.01.

WESCO International (NYSE:WCC) last posted its quarterly earnings data on Thursday, October 31st. The technology company reported $3.58 earnings per share (EPS) for the quarter, topping 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 company had revenue of $5.49 billion for the quarter, compared to the consensus estimate of $5.46 billion. During the same period in the previous year, the business earned $4.49 EPS. WESCO International’s revenue for the quarter was down 2.7% compared to the same quarter last year. On average, analysts predict that WESCO International, Inc. will post 12.24 earnings per share for the current year.

WESCO International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a $0.4125 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.65 annualized dividend and a dividend yield of 0.78%. WESCO International’s payout ratio is currently 13.21%.

Insider Transactions at WESCO International

In other WESCO International news, EVP Nelson John Squires III sold 10,000 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now directly owns 54,621 shares in the company, valued at approximately $10,377,990. The trade was a 15.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO David S. Schulz sold 14,938 shares of the firm’s 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 transaction, the chief financial officer now owns 104,471 shares in the company, valued at $21,578,485.05. This represents a 12.51 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 33,586 shares of company stock worth $6,565,762. Company insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On WESCO International

Several large investors have recently modified their holdings of the stock. Pacer Advisors Inc. boosted its position in WESCO International by 23,727.4% during the 2nd quarter. Pacer Advisors Inc. now owns 1,589,048 shares of the technology company’s stock worth $251,896,000 after acquiring an additional 1,582,379 shares during the period. Clearbridge Investments LLC acquired a new stake in shares of WESCO International in the second quarter worth about $52,782,000. Thompson Siegel & Walmsley LLC boosted its stake in shares of WESCO International by 341.8% during 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 in the last quarter. Neo Ivy Capital Management bought a new stake in WESCO International during the second quarter worth approximately $5,916,000. Finally, Geode Capital Management LLC lifted its position in WESCO International by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 762,653 shares of the technology company’s stock worth $128,143,000 after acquiring an additional 22,080 shares during the last quarter. 93.76% of the stock is owned by institutional investors.

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).