WESCO International (NYSE:WCC) Sets New 1-Year High – Should You Buy?

WESCO International, Inc. (NYSE:WCC)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $285.66 and last traded at $283.2310, with a volume of 111967 shares. The stock had previously closed at $276.16.

Wall Street Analysts Forecast Growth

WCC has been the topic of several recent analyst reports. Royal Bank Of Canada raised WESCO International from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $262.00 to $302.00 in a research note on Wednesday, November 19th. KeyCorp lifted their price target on WESCO International from $258.00 to $300.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. JPMorgan Chase & Co. upped their price objective on WESCO International from $260.00 to $290.00 and gave the company an “overweight” rating in a research report on Friday, January 16th. Weiss Ratings restated a “hold (c+)” rating on shares of WESCO International in a research report on Wednesday, October 8th. Finally, Wall Street Zen downgraded shares of WESCO International from a “buy” rating to a “hold” rating in a research note on Saturday. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $265.50.

WESCO International Stock Performance

The company has a quick ratio of 1.20, a current ratio of 2.09 and a debt-to-equity ratio of 1.18. The firm has a 50 day moving average price of $262.09 and a 200 day moving average price of $233.05. The stock has a market cap of $13.90 billion, a PE ratio of 22.41, a price-to-earnings-growth ratio of 1.79 and a beta of 1.45.

WESCO International (NYSE:WCC) last released its quarterly earnings results on Thursday, October 30th. The technology company reported $3.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.75 by $0.17. WESCO International had a net margin of 2.81% and a return on equity of 13.12%. The business had revenue of $6.20 billion for the quarter, compared to analyst estimates of $5.91 billion. During the same period in the previous year, the company earned $3.58 earnings per share. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. WESCO International has set its FY 2025 guidance at 13.100-13.600 EPS. As a group, research analysts forecast that WESCO International, Inc. will post 13.3 earnings per share for the current year.

WESCO International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were given a dividend of $0.4538 per share. The ex-dividend date was Friday, December 12th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 0.6%. WESCO International’s dividend payout ratio (DPR) is 14.27%.

Insider Buying and Selling at WESCO International

In related news, EVP Diane Lazzaris sold 7,522 shares of the company’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $256.00, for a total transaction of $1,925,632.00. Following the completion of the sale, the executive vice president owned 45,401 shares of the company’s stock, valued at approximately $11,622,656. This represents a 14.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Christine Ann Wolf sold 4,685 shares of WESCO International stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $259.52, for a total value of $1,215,851.20. Following the transaction, the executive vice president owned 30,195 shares in the company, valued at approximately $7,836,206.40. The trade was a 13.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 17,036 shares of company stock valued at $4,385,254 over the last ninety days. Corporate insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On WESCO International

A number of hedge funds have recently modified their holdings of the company. SG Americas Securities LLC increased its position in shares of WESCO International by 172.5% during the 3rd quarter. SG Americas Securities LLC now owns 10,742 shares of the technology company’s stock worth $2,272,000 after purchasing an additional 6,800 shares during the last quarter. Norman Fields Gottscho Capital Management LLC increased its position in shares of WESCO International by 112.7% during the third quarter. Norman Fields Gottscho Capital Management LLC now owns 13,785 shares of the technology company’s stock valued at $2,916,000 after acquiring an additional 7,303 shares during the last quarter. Regency Capital Management Inc. DE acquired a new position in shares of WESCO International in the 3rd quarter worth approximately $3,215,000. Third Avenue Management LLC increased its holdings in WESCO International by 35.6% in the 2nd quarter. Third Avenue Management LLC now owns 20,093 shares of the technology company’s stock valued at $3,721,000 after purchasing an additional 5,271 shares during the last quarter. Finally, Pacer Advisors Inc. purchased a new stake in WESCO International in the third quarter valued at approximately $1,923,000. Hedge funds and other institutional investors own 93.75% of the company’s stock.

WESCO International Company Profile

WESCO International, Inc is a leading global distributor of electrical, industrial, communications and utility products, serving a diverse customer base across maintenance, repair and operations (MRO), original equipment manufacturing (OEM) and construction markets. The company offers a comprehensive portfolio of products ranging from power distribution and automation solutions to data communications, security systems and lighting controls. Through an extensive branch network, WESCO provides critical components and value‐added services that help organizations streamline operations and improve reliability in their facilities and infrastructure.

In addition to its broad product offering, WESCO delivers advanced supply chain management and logistics solutions designed to optimize inventory levels, reduce downtime and lower overall procurement costs.