WESCO International (NYSE:WCC) Share Price Crosses Above 200 Day Moving Average – What’s Next?
by Jessica Moore · The Cerbat GemWESCO International, Inc. (NYSE:WCC – Get Free Report) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $261.46 and traded as high as $303.70. WESCO International shares last traded at $299.6610, with a volume of 503,782 shares.
Analysts Set New Price Targets
A number of brokerages recently commented on WCC. Weiss Ratings cut shares of WESCO International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. Barclays raised their price objective on WESCO International from $302.00 to $313.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. KeyCorp set a $340.00 price objective on WESCO International in a report on Wednesday, February 11th. JPMorgan Chase & Co. increased their target price on WESCO International from $260.00 to $290.00 and gave the company an “overweight” rating in a report on Friday, January 16th. Finally, Wall Street Zen lowered WESCO International from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $276.00.
Check Out Our Latest Stock Analysis on WCC
WESCO International Price Performance
The stock has a market cap of $14.78 billion, a PE ratio of 23.26, a PEG ratio of 1.93 and a beta of 1.44. The business’s 50-day simple moving average is $283.30 and its 200-day simple moving average is $262.10. The company has a quick ratio of 1.27, a current ratio of 2.20 and a debt-to-equity ratio of 1.15.
WESCO International (NYSE:WCC – Get Free Report) last announced its quarterly earnings results on Tuesday, February 10th. The technology company reported $3.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.82 by ($0.42). WESCO International had a net margin of 2.72% and a return on equity of 13.00%. The business had revenue of $6.07 billion for the quarter, compared to analysts’ expectations of $6.03 billion. During the same quarter in the prior year, the firm earned $3.16 EPS. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. WESCO International has set its FY 2026 guidance at 14.500-16.500 EPS. On average, research analysts expect that WESCO International, Inc. will post 13.3 EPS for the current fiscal year.
WESCO International Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 13th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, March 13th. This is an increase from WESCO International’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 0.7%. WESCO International’s payout ratio is currently 15.31%.
Insider Activity at WESCO International
In other WESCO International news, EVP Daniel J. Castillo bought 1,400 shares of WESCO International stock in a transaction dated Tuesday, March 31st. The shares were purchased at an average cost of $266.06 per share, with a total value of $372,484.00. Following the transaction, the executive vice president directly owned 15,300 shares of the company’s stock, valued at $4,070,718. This represents a 10.07% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Diane Lazzaris sold 17,294 shares of WESCO International stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $305.00, for a total transaction of $5,274,670.00. Following the transaction, the executive vice president directly owned 29,065 shares of the company’s stock, valued at approximately $8,864,825. This trade represents a 37.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 20,114 shares of company stock valued at $6,128,353 in the last three months. Corporate insiders own 3.30% of the company’s stock.
Hedge Funds Weigh In On WESCO International
Large investors have recently made changes to their positions in the business. Cornerstone Planning Group LLC grew its stake in shares of WESCO International by 92.7% in the 4th quarter. Cornerstone Planning Group LLC now owns 106 shares of the technology company’s stock worth $26,000 after buying an additional 51 shares during the last quarter. Torren Management LLC bought a new stake in WESCO International in the fourth quarter worth $32,000. Brown Brothers Harriman & Co. grew its stake in shares of WESCO International by 166.0% in the third quarter. Brown Brothers Harriman & Co. now owns 133 shares of the technology company’s stock worth $28,000 after acquiring an additional 83 shares during the last quarter. Rothschild Investment LLC increased its holdings in shares of WESCO International by 788.2% during the third quarter. Rothschild Investment LLC now owns 151 shares of the technology company’s stock valued at $32,000 after acquiring an additional 134 shares in the last quarter. Finally, Hilton Head Capital Partners LLC purchased a new position in shares of WESCO International in the 4th quarter worth about $39,000. 93.75% of the stock is currently owned by hedge funds and other institutional investors.
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.