Christine Ann Wolf Sells 4,685 Shares of WESCO International (NYSE:WCC) Stock

WESCO International, Inc. (NYSE:WCC) EVP Christine Ann Wolf sold 4,685 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $259.52, for a total value of $1,215,851.20. Following the completion of the transaction, the executive vice president owned 30,195 shares in the company, valued at $7,836,206.40. This represents a 13.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Christine Ann Wolf also recently made the following trade(s):

• On Wednesday, August 27th, Christine Ann Wolf sold 2,098 shares of WESCO International stock. The stock was sold at an average price of $224.92, for a total value of $471,882.16.

WESCO International Trading Down 3.4%

NYSE WCC opened at $258.00 on Friday. The company has a current ratio of 2.09, a quick ratio of 1.19 and a debt-to-equity ratio of 1.19. The business has a fifty day simple moving average of $225.40 and a 200 day simple moving average of $202.54. WESCO International, Inc. has a 12 month low of $125.21 and a 12 month high of $268.27. The firm has a market capitalization of $12.55 billion, a P/E ratio of 20.20, a PEG ratio of 1.77 and a beta of 1.79.

WESCO International (NYSE:WCC) last posted its quarterly earnings data on Thursday, October 30th. The technology company reported $3.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.75 by $0.17. The firm had revenue of $6.20 billion for the quarter, compared to the consensus estimate of $5.91 billion. WESCO International had a net margin of 2.98% and a return on equity of 12.96%. The business’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.58 EPS. WESCO International has set its FY 2025 guidance at 13.100-13.600 EPS. On average, analysts predict that WESCO International, Inc. will post 13.3 EPS for the current fiscal year.

WESCO International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 12th were given a $0.4538 dividend. This represents a $1.82 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Friday, September 12th. WESCO International’s dividend payout ratio is presently 14.20%.

Wall Street Analysts Forecast Growth

WCC has been the topic of several recent analyst reports. Barclays lifted their target price on shares of WESCO International from $258.00 to $274.00 and gave the stock an “overweight” rating in a research report on Thursday. KeyCorp lifted their price target on WESCO International from $258.00 to $300.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. Weiss Ratings reissued a “hold (c+)” rating on shares of WESCO International in a research report on Wednesday, October 8th. Royal Bank Of Canada raised their target price on WESCO International from $222.00 to $262.00 and gave the company a “sector perform” rating in a research report on Friday, October 31st. Finally, Wall Street Zen cut WESCO International from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, WESCO International presently has an average rating of “Moderate Buy” and an average price target of $250.67.

Institutional Trading of WESCO International

Several hedge funds have recently made changes to their positions in the company. Vaughan Nelson Investment Management L.P. bought a new stake in shares of WESCO International in the second quarter valued at approximately $75,136,000. ARGA Investment Management LP grew its stake in WESCO International by 125.5% in the 2nd quarter. ARGA Investment Management LP now owns 25,140 shares of the technology company’s stock valued at $4,656,000 after buying an additional 13,989 shares in the last quarter. Applied Finance Capital Management LLC bought a new stake in WESCO International during the 2nd quarter valued at $227,000. Norman Fields Gottscho Capital Management LLC purchased a new stake in shares of WESCO International during the second quarter worth $1,200,000. Finally, Harbor Capital Advisors Inc. boosted its holdings in shares of WESCO International by 51.4% in the second quarter. Harbor Capital Advisors Inc. now owns 17,366 shares of the technology company’s stock worth $3,216,000 after acquiring an additional 5,896 shares during the period. 93.75% 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).