WESCO International (NYSE:WCC) Hits New 12-Month High – Here’s Why

Shares of WESCO International, Inc. (NYSE:WCC) hit a new 52-week high during trading on Tuesday . The stock traded as high as $371.67 and last traded at $356.2810, with a volume of 33296 shares trading hands. The stock had previously closed at $366.30.

Analyst Ratings Changes

WCC has been the subject of several recent analyst reports. Weiss Ratings raised shares of WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Wall Street Zen lowered shares of WESCO International from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. KeyCorp upped their price objective on WESCO International from $340.00 to $415.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Royal Bank Of Canada increased their target price on WESCO International from $352.00 to $411.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. Finally, JPMorgan Chase & Co. boosted their price target on WESCO International from $260.00 to $290.00 and gave the stock an “overweight” rating in a research note on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $321.38.

WESCO International Price Performance

The company has a debt-to-equity ratio of 1.13, a current ratio of 2.12 and a quick ratio of 1.22. The business’s 50 day moving average price is $293.50 and its 200 day moving average price is $277.68. The stock has a market capitalization of $17.29 billion, a P/E ratio of 25.23, a price-to-earnings-growth ratio of 2.26 and a beta of 1.54.

WESCO International (NYSE:WCC) last issued its quarterly earnings data on Thursday, April 30th. The technology company reported $3.37 earnings per share for the quarter, beating analysts’ consensus estimates of $2.88 by $0.49. WESCO International had a net margin of 2.79% and a return on equity of 13.82%. The company had revenue of $6.08 billion for the quarter, compared to the consensus estimate of $5.86 billion. During the same quarter in the prior year, the firm earned $2.21 earnings per share. The firm’s revenue for the quarter was up 13.8% compared to the same quarter last year. WESCO International has set its FY 2026 guidance at 15.000-17.000 EPS. Sell-side analysts forecast that WESCO International, Inc. will post 15.7 EPS for the current year.

WESCO International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th were paid a $0.50 dividend. This is an increase from WESCO International’s previous quarterly dividend of $0.45. The ex-dividend date was Friday, March 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.6%. WESCO International’s dividend payout ratio (DPR) is 14.21%.

Insider Buying and Selling

In other WESCO International news, EVP Akash Khurana sold 4,000 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $359.13, for a total transaction of $1,436,520.00. Following the completion of the sale, the executive vice president directly owned 30,775 shares in the company, valued at $11,052,225.75. The trade was a 11.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO John Engel sold 79,440 shares of the company’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $358.75, for a total transaction of $28,499,100.00. Following the sale, the chief executive officer directly owned 478,946 shares of the company’s stock, valued at $171,821,877.50. The trade was a 14.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 164,600 shares of company stock valued at $57,974,994 over the last ninety days. 2.60% of the stock is owned by insiders.

Institutional Trading of WESCO International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WCC. SG Americas Securities LLC lifted its position in WESCO International by 172.5% during the third quarter. SG Americas Securities LLC now owns 10,742 shares of the technology company’s stock valued at $2,272,000 after purchasing an additional 6,800 shares in the last quarter. Rhumbline Advisers boosted its stake in WESCO International by 4.9% in the 3rd quarter. Rhumbline Advisers now owns 127,991 shares of the technology company’s stock worth $27,070,000 after purchasing an additional 5,961 shares during the period. Impax Asset Management Group plc purchased a new position in WESCO International during the third quarter valued at $1,082,000. Handelsbanken Fonder AB increased its holdings in shares of WESCO International by 10.4% in the third quarter. Handelsbanken Fonder AB now owns 194,893 shares of the technology company’s stock worth $41,220,000 after purchasing an additional 18,377 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new position in WESCO International during the 3rd quarter valued at approximately $416,000. 93.75% of the stock is owned by hedge funds and other institutional investors.

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.