WESCO International (NYSE:WCC) Stock Rating Upgraded by Wall Street Zen

WESCO International (NYSE:WCC) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

Other analysts also recently issued research reports about the company. Oppenheimer lifted their price target on WESCO International from $225.00 to $255.00 and gave the company an “outperform” rating in a research note on Friday, September 5th. JPMorgan Chase & Co. boosted their target price on WESCO International from $225.00 to $245.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Royal Bank Of Canada raised WESCO International from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $262.00 to $302.00 in a research report on Wednesday, November 19th. Barclays raised their price target on shares of WESCO International from $258.00 to $274.00 and gave the stock an “overweight” rating in a research note on Thursday, November 13th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of WESCO International in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $256.38.

WESCO International Price Performance

NYSE WCC opened at $251.99 on Friday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.20 and a current ratio of 2.09. The stock has a market cap of $12.26 billion, a price-to-earnings ratio of 19.76, a PEG ratio of 1.61 and a beta of 1.45. The business has a 50 day simple moving average of $256.06 and a 200 day simple moving average of $225.62. WESCO International has a 52-week low of $125.21 and a 52-week high of $279.04.

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

Insiders Place Their Bets

In other news, CAO Matthew S. 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 sale, the chief accounting officer directly owned 3,320 shares of the company’s stock, valued at approximately $840,557.60. This represents a 19.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Diane Lazzaris sold 4,039 shares of WESCO International stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $258.42, for a total value of $1,043,758.38. Following the transaction, the executive vice president owned 45,401 shares of the company’s stock, valued at $11,732,526.42. The trade was a 8.17% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 17,036 shares of company stock valued at $4,385,254. 3.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Davis Selected Advisers lifted its position in WESCO International by 0.6% during the third quarter. Davis Selected Advisers now owns 292,570 shares of the technology company’s stock worth $61,879,000 after acquiring an additional 1,824 shares during the last quarter. New Mexico Educational Retirement Board increased its stake in shares of WESCO International by 11.1% during the third quarter. New Mexico Educational Retirement Board now owns 10,000 shares of the technology company’s stock worth $2,115,000 after purchasing an additional 1,000 shares during the period. Danske Bank A S bought a new position in shares of WESCO International during the third quarter worth approximately $127,000. Public Employees Retirement System of Ohio boosted its stake in WESCO International by 0.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 83,734 shares of the technology company’s stock valued at $17,710,000 after purchasing an additional 777 shares during the period. Finally, Dean Capital Management boosted its stake in WESCO International by 17.8% in the 3rd quarter. Dean Capital Management now owns 9,913 shares of the technology company’s stock valued at $2,097,000 after purchasing an additional 1,500 shares during the period. Institutional investors and hedge funds own 93.75% of the company’s stock.

About WESCO International

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.