Wall Street Zen Downgrades WESCO International (NYSE:WCC) to Hold

by · The Cerbat Gem

WESCO International (NYSE:WCC – Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

A number of other research analysts also recently commented on WCC. 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 research report on Friday. Barclays increased their price objective on shares of WESCO International from $274.00 to $302.00 and gave the company an “overweight” rating in a research report on Monday, January 12th. Royal Bank Of Canada raised shares of WESCO International from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $262.00 to $302.00 in a research note on Wednesday, November 19th. KeyCorp upped their target price on shares of WESCO International from $258.00 to $300.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of WESCO International in a report on Wednesday, October 8th. One equities research 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. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $265.50.

Check Out Our Latest Analysis on WCC

WESCO International Trading Down 0.8%

Shares of WESCO International stock opened at $281.77 on Friday. WESCO International has a twelve month low of $125.21 and a twelve month high of $285.20. 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 business has a 50-day moving average price of $261.32 and a 200-day moving average price of $231.86. The firm has a market cap of $13.71 billion, a price-to-earnings ratio of 22.10, a PEG ratio of 1.79 and a beta of 1.45.

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

Insider Buying and Selling at WESCO International

In related news, CAO Matthew S. Kulasa sold 790 shares of the firm’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $253.18, for a total transaction of $200,012.20. Following the completion of the sale, the chief accounting officer directly owned 3,320 shares of the company’s stock, valued at approximately $840,557.60. This trade represents a 19.22% 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 Diane Lazzaris sold 7,522 shares of the business’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $256.00, for a total value of $1,925,632.00. Following the transaction, the executive vice president owned 45,401 shares of the company’s stock, valued at approximately $11,622,656. The trade was a 14.21% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 17,036 shares of company stock worth $4,385,254 over the last 90 days. Company insiders own 3.30% of the company’s stock.

Institutional Trading of WESCO International

Large investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp grew its holdings in shares of WESCO International by 4.9% in the second quarter. Bank of New York Mellon Corp now owns 795,629 shares of the technology company’s stock worth $147,351,000 after purchasing an additional 36,843 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its position in WESCO International by 19.5% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 686,630 shares of the technology company’s stock valued at $145,222,000 after buying an additional 111,930 shares during the period. River Road Asset Management LLC grew its stake in WESCO International by 56.0% in the 2nd quarter. River Road Asset Management LLC now owns 605,918 shares of the technology company’s stock worth $112,216,000 after acquiring an additional 217,417 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in shares of WESCO International during the second quarter worth approximately $75,136,000. Finally, Ameriprise Financial Inc. increased its position in shares of WESCO International by 6.2% during the third quarter. Ameriprise Financial Inc. now owns 324,068 shares of the technology company’s stock worth $68,541,000 after acquiring an additional 19,056 shares during the period. 93.75% of the stock is owned by hedge funds and other institutional investors.

WESCO International Company Profile

(Get Free Report)

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.

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