WESCO International (NYSE:WCC) Share Price Passes Above 200-Day Moving Average – Should You Sell?

WESCO International, Inc. (NYSE:WCC)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $175.42 and traded as high as $185.55. WESCO International shares last traded at $184.12, with a volume of 534,736 shares trading hands.

Wall Street Analyst Weigh In

WCC has been the topic of several recent research reports. Jefferies Financial Group increased their price objective on shares of WESCO International from $225.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. StockNews.com raised WESCO International from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Loop Capital boosted their price objective on WESCO International from $190.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Robert W. Baird raised their target price on shares of WESCO International from $215.00 to $223.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, Royal Bank of Canada lifted their price target on shares of WESCO International from $186.00 to $199.00 and gave the company a “sector perform” rating in a report on Friday, November 1st. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $215.88.

WESCO International Stock Down 0.5 %

The company has a fifty day moving average price of $195.51 and a 200-day moving average price of $175.48. The stock has a market capitalization of $8.98 billion, a P/E ratio of 14.67, a PEG ratio of 1.55 and a beta of 2.02. The company has a quick ratio of 1.29, a current ratio of 2.21 and a debt-to-equity ratio of 0.99.

WESCO International (NYSE:WCC) last issued 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 business had revenue of $5.49 billion for the quarter, compared to analysts’ expectations of $5.46 billion. During the same period in the prior year, the firm earned $4.49 EPS. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. As a group, research analysts forecast that WESCO International, Inc. will post 12.3 EPS for the current fiscal year.

WESCO International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a dividend of $0.4125 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.65 annualized dividend and a yield of 0.90%. WESCO International’s payout ratio is currently 13.21%.

Insider Buying and Selling at WESCO International

In other WESCO International news, EVP William Clayton Geary sold 2,829 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $205.73, for a total value of $582,010.17. Following the completion of the sale, the executive vice president now owns 35,063 shares of the company’s stock, valued at $7,213,510.99. This trade represents a 7.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO David S. Schulz sold 14,938 shares of the company’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 value of $3,085,443.90. Following the transaction, the chief financial officer now directly owns 104,471 shares in the company, valued at approximately $21,578,485.05. This represents a 12.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,767 shares of company stock worth $5,567,454 over the last ninety days. Company insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in WCC. Thompson Siegel & Walmsley LLC boosted its position in WESCO International by 0.3% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 58,511 shares of the technology company’s stock valued at $9,275,000 after buying an additional 173 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of WESCO International by 23,727.4% in the second quarter. Pacer Advisors Inc. now owns 1,589,048 shares of the technology company’s stock valued at $251,896,000 after purchasing an additional 1,582,379 shares during the period. Clearbridge Investments LLC bought a new position in WESCO International in the second quarter worth approximately $52,782,000. Heritage Wealth Management Inc. purchased a new position in WESCO International during the 2nd quarter worth $723,000. Finally, UMB Bank n.a. raised its position in WESCO International by 18.3% during the 3rd quarter. UMB Bank n.a. now owns 633 shares of the technology company’s stock valued at $106,000 after purchasing an additional 98 shares in the last quarter. 93.76% of the stock is currently owned by institutional investors.

WESCO International Company Profile

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).