William Clayton Geary Sells 2,829 Shares of WESCO International, Inc. (NYSE:WCC) Stock

WESCO International, Inc. (NYSE:WCC) EVP William Clayton Geary sold 2,829 shares of WESCO International stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $205.73, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

WESCO International Stock Up 0.4 %

NYSE WCC opened at $207.78 on Friday. 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, Inc. has a 1-year low of $132.37 and a 1-year high of $213.75. The company has a market cap of $10.18 billion, a price-to-earnings ratio of 16.64, a PEG ratio of 1.69 and a beta of 2.01. The company has a 50 day moving average of $175.75 and a 200-day moving average of $170.42.

WESCO International (NYSE:WCC) last issued its earnings results on Thursday, October 31st. The technology company reported $3.58 earnings per share for the quarter, beating analysts’ consensus estimates of $3.22 by $0.36. WESCO International had a net margin of 3.19% and a return on equity of 13.19%. The firm had revenue of $5.49 billion for the quarter, compared to analyst estimates of $5.46 billion. During the same quarter last year, the business posted $4.49 earnings per share. The company’s quarterly revenue was down 2.7% on a year-over-year basis. On average, equities 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. Shareholders of record on Friday, September 13th were paid a $0.4125 dividend. This represents a $1.65 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend was Friday, September 13th. WESCO International’s dividend payout ratio (DPR) is presently 13.21%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in WCC. Quent Capital LLC boosted its holdings in WESCO International by 9.9% during the first quarter. Quent Capital LLC now owns 3,703 shares of the technology company’s stock worth $634,000 after purchasing an additional 333 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of WESCO International by 74.8% during the 1st quarter. Russell Investments Group Ltd. now owns 72,897 shares of the technology company’s stock valued at $12,486,000 after buying an additional 31,200 shares in the last quarter. Blue Edge Capital LLC bought a new position in shares of WESCO International in the first quarter worth $2,278,000. Redwood Investment Management LLC bought a new stake in shares of WESCO International during the first quarter valued at about $639,000. Finally, Motley Fool Asset Management LLC purchased a new stake in WESCO International in the 1st quarter worth approximately $543,000. Institutional investors own 93.76% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on WCC. KeyCorp lifted their price target on WESCO International from $195.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Stephens increased their target price on WESCO International from $190.00 to $205.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Robert W. Baird raised their price objective 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. Oppenheimer increased their price objective on shares of WESCO International from $205.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Baird R W raised WESCO International from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $208.86.

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).