Insider Selling: WESCO International (NYSE:WCC) CAO Sells 790 Shares of Stock

WESCO International, Inc. (NYSE:WCC) CAO Matthew Kulasa sold 790 shares of the company’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $253.18, for a total value of $200,012.20. Following the completion of the sale, the chief accounting officer owned 3,320 shares of the company’s stock, valued at $840,557.60. This represents a 19.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

WESCO International Trading Down 1.0%

Shares of WESCO International stock traded down $2.68 during trading on Friday, hitting $254.70. 434,639 shares of the company were exchanged, compared to its average volume of 703,649. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.09 and a quick ratio of 1.19. The firm has a market capitalization of $12.39 billion, a P/E ratio of 19.94, a price-to-earnings-growth ratio of 1.77 and a beta of 1.79. The firm’s fifty day moving average price is $221.31 and its 200 day moving average price is $198.88. WESCO International, Inc. has a 1-year low of $125.21 and a 1-year high of $263.37.

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

WESCO International Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Rothschild Investment LLC boosted its stake in shares of WESCO International by 788.2% during the 3rd quarter. Rothschild Investment LLC now owns 151 shares of the technology company’s stock worth $32,000 after buying an additional 134 shares during the last quarter. Root Financial Partners LLC bought a new stake in WESCO International during the third quarter worth about $37,000. Whittier Trust Co. boosted its position in WESCO International by 46.8% during the first quarter. Whittier Trust Co. now owns 279 shares of the technology company’s stock valued at $43,000 after purchasing an additional 89 shares during the last quarter. First Horizon Advisors Inc. grew its stake in WESCO International by 129.7% in the second quarter. First Horizon Advisors Inc. now owns 232 shares of the technology company’s stock valued at $43,000 after purchasing an additional 131 shares in the last quarter. Finally, Parallel Advisors LLC increased its position in shares of WESCO International by 13.4% during the 2nd quarter. Parallel Advisors LLC now owns 507 shares of the technology company’s stock worth $94,000 after purchasing an additional 60 shares during the last quarter. Institutional investors own 93.75% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on WCC shares. Loop Capital lifted their target price on WESCO International from $220.00 to $235.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Royal Bank Of Canada raised their price target on WESCO International from $222.00 to $262.00 and gave the stock a “sector perform” rating in a research report on Friday, October 31st. KeyCorp boosted their price objective on WESCO International from $258.00 to $300.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. Stephens downgraded shares of WESCO International from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $190.00 to $200.00 in a report on Wednesday, July 16th. Finally, Oppenheimer lifted their price target on shares of WESCO International from $225.00 to $255.00 and gave the company an “outperform” rating in a research note on Friday, September 5th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, WESCO International has an average rating of “Moderate Buy” and a consensus price target of $248.89.

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).