WESCO International (NYSE:WCC) Upgraded by Stephens to Overweight Rating

WESCO International (NYSE:WCC) was upgraded by analysts at Stephens from an “equal weight” rating to an “overweight” rating in a note issued to investors on Tuesday. The brokerage presently has a $400.00 price objective on the technology company’s stock. Stephens’ price target would indicate a potential upside of 21.02% from the company’s previous close.

A number of other brokerages have also issued reports on WCC. KeyCorp lifted their target price on WESCO International from $340.00 to $415.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Weiss Ratings raised shares of WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Royal Bank Of Canada boosted their price objective on shares of WESCO International from $352.00 to $411.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. DA Davidson assumed coverage on shares of WESCO International in a report on Tuesday, June 16th. They set a “buy” rating and a $440.00 target price for the company. Finally, Wall Street Zen downgraded shares of WESCO International from a “buy” rating to a “hold” rating in a research report on Sunday. One investment analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $340.11.

WESCO International Price Performance

WCC stock opened at $330.51 on Tuesday. The stock has a 50-day moving average price of $350.03 and a two-hundred day moving average price of $307.67. WESCO International has a 1 year low of $195.43 and a 1 year high of $377.90. The stock has a market cap of $16.10 billion, a PE ratio of 23.49, a price-to-earnings-growth ratio of 2.10 and a beta of 1.54. The company has a current ratio of 2.12, a quick ratio of 1.22 and a debt-to-equity ratio of 1.13.

WESCO International (NYSE:WCC) last issued its quarterly earnings results on Thursday, April 30th. The technology company reported $3.37 EPS for the quarter, beating analysts’ consensus estimates of $2.88 by $0.49. The company had revenue of $6.08 billion for the quarter, compared to analyst estimates of $5.86 billion. WESCO International had a return on equity of 13.82% and a net margin of 2.79%.The company’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.21 earnings per share. WESCO International has set its FY 2026 guidance at 15.000-17.000 EPS. Equities analysts forecast that WESCO International will post 15.94 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO David S. Schulz sold 31,951 shares of the firm’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $360.44, for a total value of $11,516,418.44. Following the completion of the transaction, the chief financial officer directly owned 77,038 shares of the company’s stock, valued at approximately $27,767,576.72. This trade represents a 29.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Akash Khurana sold 4,000 shares of the firm’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $359.13, for a total transaction of $1,436,520.00. Following the completion of the transaction, the executive vice president directly owned 30,775 shares of the company’s stock, valued at $11,052,225.75. This represents a 11.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 144,486 shares of company stock worth $51,846,641 in the last quarter. 2.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On WESCO International

A number of institutional investors and hedge funds have recently modified their holdings of WCC. Cornerstone Planning Group LLC grew its holdings in WESCO International by 92.7% during the fourth quarter. Cornerstone Planning Group LLC now owns 106 shares of the technology company’s stock worth $26,000 after purchasing an additional 51 shares during the period. Brown Brothers Harriman & Co. increased its holdings in shares of WESCO International by 166.0% during the 3rd 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. Torren Management LLC bought a new stake in WESCO International in the 4th quarter valued at $32,000. Hilton Head Capital Partners LLC acquired a new stake in WESCO International during the 4th quarter valued at $39,000. Finally, V Square Quantitative Management LLC acquired a new stake in WESCO International during the 4th quarter valued at $52,000. 93.75% of the stock is owned by 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.