WESCO International, Inc. (NYSE:WCC) Receives $180.50 Consensus Target Price from Analysts

Shares of WESCO International, Inc. (NYSE:WCC) have earned a consensus recommendation of “Moderate Buy” from the five research firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $180.50.

A number of analysts have recently issued reports on WCC shares. Oppenheimer raised their price objective on WESCO International from $175.00 to $190.00 and gave the company an “outperform” rating in a research report on Thursday, March 7th. KeyCorp lowered their target price on WESCO International from $185.00 to $165.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 14th. Royal Bank of Canada lowered WESCO International from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $202.00 to $173.00 in a research note on Tuesday, February 13th. JPMorgan Chase & Co. lowered their target price on WESCO International from $180.00 to $175.00 and set an “overweight” rating on the stock in a research note on Friday, March 15th. Finally, Robert W. Baird lowered their target price on WESCO International from $203.00 to $170.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 14th.

WESCO International Stock Performance

Shares of NYSE WCC opened at $170.81 on Thursday. The stock has a 50 day moving average price of $163.50 and a 200 day moving average price of $156.79. WESCO International has a 52 week low of $121.90 and a 52 week high of $195.43. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.42 and a current ratio of 2.48. The stock has a market capitalization of $8.70 billion, a PE ratio of 12.62, a price-to-earnings-growth ratio of 1.18 and a beta of 2.05.

WESCO International (NYSE:WCC) last released its quarterly earnings data on Tuesday, February 13th. The technology company reported $2.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.86 by ($1.21). WESCO International had a net margin of 3.42% and a return on equity of 17.01%. The business had revenue of $5.50 billion during the quarter, compared to analyst estimates of $5.59 billion. During the same period in the previous year, the business earned $4.13 earnings per share. The business’s quarterly revenue was down 1.8% on a year-over-year basis. Analysts predict that WESCO International will post 14.23 earnings per share for the current fiscal year.

WESCO International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be paid a dividend of $0.4125 per share. This represents a $1.65 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Thursday, March 14th. This is a positive change from WESCO International’s previous quarterly dividend of $0.38. WESCO International’s dividend payout ratio (DPR) is 12.19%.

Insiders Place Their Bets

In other WESCO International news, EVP James Cameron sold 5,352 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $156.39, for a total transaction of $836,999.28. Following the transaction, the executive vice president now owns 33,595 shares in the company, valued at approximately $5,253,922.05. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other WESCO International news, EVP James Cameron sold 5,352 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $156.39, for a total value of $836,999.28. Following the sale, the executive vice president now owns 33,595 shares of the company’s stock, valued at approximately $5,253,922.05. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Nelson John Squires III sold 3,490 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $190.00, for a total value of $663,100.00. Following the completion of the sale, the executive vice president now directly owns 54,385 shares in the company, valued at approximately $10,333,150. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On WESCO International

Several hedge funds have recently modified their holdings of WCC. AEGON ASSET MANAGEMENT UK Plc acquired a new position in WESCO International during the 4th quarter worth about $2,256,000. Geode Capital Management LLC lifted its holdings in WESCO International by 6.8% during the 2nd quarter. Geode Capital Management LLC now owns 657,472 shares of the technology company’s stock worth $117,727,000 after buying an additional 41,589 shares during the period. First Hawaiian Bank lifted its holdings in WESCO International by 2.1% during the 3rd quarter. First Hawaiian Bank now owns 5,501 shares of the technology company’s stock worth $791,000 after buying an additional 113 shares during the period. Amalgamated Bank lifted its holdings in WESCO International by 16.1% during the 3rd quarter. Amalgamated Bank now owns 34,221 shares of the technology company’s stock worth $4,922,000 after buying an additional 4,733 shares during the period. Finally, Thompson Siegel & Walmsley LLC lifted its holdings in WESCO International by 2.6% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 54,985 shares of the technology company’s stock worth $7,908,000 after buying an additional 1,390 shares during the period. Institutional investors and hedge funds 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).