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 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 completion of the transaction, the chief financial officer now directly owns 104,471 shares of the company’s stock, valued at approximately $21,578,485.05. This trade represents a 12.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

WESCO International Stock Up 0.4 %

WCC stock opened at $207.78 on Friday. WESCO International, Inc. has a fifty-two week low of $132.37 and a fifty-two week high of $213.75. The stock’s 50 day simple moving average is $175.75 and its 200 day simple moving average is $170.42. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.29 and a current ratio of 2.21. The company has a market cap of $10.18 billion, a P/E ratio of 16.64, a price-to-earnings-growth ratio of 1.67 and a beta of 2.01.

WESCO International (NYSE:WCC) last posted its earnings results 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. The firm had revenue of $5.49 billion during the quarter, compared to analyst estimates of $5.46 billion. WESCO International had a net margin of 3.19% and a return on equity of 13.19%. The business’s revenue was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.49 EPS. On average, research analysts expect that WESCO International, Inc. will post 12.22 earnings per share for the current fiscal year.

WESCO International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a $0.4125 dividend. This represents a $1.65 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend was Friday, September 13th. WESCO International’s dividend payout ratio (DPR) is currently 13.21%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on WCC. KeyCorp raised their price target on WESCO International from $195.00 to $225.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Loop Capital raised their price objective on shares of WESCO International from $190.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Royal Bank of Canada lifted their price objective 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. Robert W. Baird boosted their target price on shares of WESCO International from $215.00 to $223.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Baird R W raised shares of WESCO International from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $208.86.

Institutional Trading of WESCO International

Institutional investors have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. raised its stake in 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 in the last quarter. Clearbridge Investments LLC bought a new stake in shares of WESCO International in the second quarter worth about $52,782,000. Thompson Siegel & Walmsley LLC increased its stake in shares of WESCO International by 341.8% during the third quarter. Thompson Siegel & Walmsley LLC now owns 258,486 shares of the technology company’s stock valued at $43,420,000 after buying an additional 199,975 shares during the period. Neo Ivy Capital Management bought a new position in WESCO International in the 2nd quarter worth $5,916,000. Finally, Russell Investments Group Ltd. raised its stake in WESCO International by 74.8% in the first quarter. Russell Investments Group Ltd. now owns 72,897 shares of the technology company’s stock worth $12,486,000 after buying an additional 31,200 shares in the last quarter. Hedge funds and other institutional investors own 93.76% of the company’s stock.

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).