David S. Schulz Sells 14,938 Shares of WESCO International, Inc. (NYSE:WCC) Stock

WESCO International, Inc. (NYSE:WCC) CFO David S. Schulz sold 14,938 shares of the business’s stock in a transaction dated 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 directly owns 104,471 shares of the company’s stock, valued at $21,578,485.05. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

WESCO International Trading Up 1.4 %

Shares of WCC opened at $207.21 on Thursday. The firm’s 50-day moving average price is $174.64 and its 200-day moving average price is $170.16. The firm has a market capitalization of $10.15 billion, a price-to-earnings ratio of 16.59, a PEG ratio of 1.67 and a beta of 2.01. WESCO International, Inc. has a 1-year low of $132.37 and a 1-year high of $213.41. The company has a current ratio of 2.21, a quick ratio of 1.29 and a debt-to-equity ratio of 0.99.

WESCO International (NYSE:WCC) last issued its quarterly earnings results on Thursday, October 31st. The technology company reported $3.58 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $5.46 billion. During the same quarter in the prior year, the business posted $4.49 earnings per share. The business’s quarterly revenue was down 2.7% on a year-over-year basis. Sell-side analysts anticipate that WESCO International, Inc. will post 12.22 EPS for the current year.

WESCO International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a dividend of $0.4125 per share. This represents a $1.65 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend was Friday, September 13th. WESCO International’s payout ratio is 13.21%.

Institutional Investors Weigh In On WESCO International

Institutional investors have recently added to or reduced their stakes in the stock. Whittier Trust Co. of Nevada Inc. increased its position in WESCO International by 71.1% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 166 shares of the technology company’s stock worth $26,000 after purchasing an additional 69 shares during the period. Fifth Third Wealth Advisors LLC raised its stake in shares of WESCO International by 1.7% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 4,335 shares of the technology company’s stock valued at $728,000 after acquiring an additional 71 shares during the period. MetLife Investment Management LLC lifted its stake in shares of WESCO International by 0.4% during the third quarter. MetLife Investment Management LLC now owns 23,102 shares of the technology company’s stock worth $3,881,000 after purchasing an additional 85 shares in the last quarter. UMB Bank n.a. increased its holdings in WESCO International by 18.3% during the 3rd quarter. UMB Bank n.a. now owns 633 shares of the technology company’s stock worth $106,000 after purchasing an additional 98 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in WESCO International by 65.4% during the second quarter. GAMMA Investing LLC now owns 253 shares of the technology company’s stock worth $40,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 93.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on WCC shares. Baird R W raised shares of WESCO International from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. Royal Bank of Canada lifted their price objective on WESCO International from $186.00 to $199.00 and gave the stock a “sector perform” rating in a report on Friday, November 1st. Loop Capital upped their target price on shares of WESCO International from $190.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Stephens lifted their price objective on WESCO International from $190.00 to $205.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Finally, Robert W. Baird lifted their price objective on WESCO International from $215.00 to $223.00 and gave the company an “outperform” rating in a report on Friday, November 1st. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $208.86.

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).