Zacks Research Upgrades WESCO International (NYSE:WCC) to Strong-Buy

WESCO International (NYSE:WCC) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

Other equities analysts have also issued research reports about the stock. DA Davidson started coverage on shares of WESCO International in a research report on Tuesday, June 16th. They set a “buy” rating and a $440.00 price target for the company. Weiss Ratings downgraded shares of WESCO International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday. KeyCorp boosted their target price on shares of WESCO International from $340.00 to $415.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Barclays upped their target price on shares of WESCO International from $376.00 to $390.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Wall Street Zen cut WESCO International from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $374.29.

WESCO International Trading Up 3.5%

NYSE:WCC opened at $374.13 on Monday. The firm has a market capitalization of $18.22 billion, a P/E ratio of 25.86, a P/E/G ratio of 2.16 and a beta of 1.54. The business has a 50 day simple moving average of $343.00 and a 200 day simple moving average of $316.15. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.09 and a quick ratio of 1.23. WESCO International has a 12-month low of $200.60 and a 12-month high of $377.90.

WESCO International (NYSE:WCC) last issued its earnings results on Thursday, July 30th. The technology company reported $4.57 earnings per share for the quarter, topping the consensus estimate of $3.98 by $0.59. The firm had revenue of $6.67 billion for the quarter, compared to analyst estimates of $6.44 billion. WESCO International had a return on equity of 14.95% and a net margin of 2.84%.The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period last year, the company earned $3.83 earnings per share. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. Equities research analysts predict that WESCO International will post 16.69 EPS for the current year.

Insider Buying and Selling at WESCO International

In related news, EVP Hemant Porwal sold 4,445 shares of WESCO International stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $363.21, for a total transaction of $1,614,468.45. Following the sale, the executive vice president directly owned 16,618 shares in the company, valued at $6,035,823.78. The trade was a 21.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On WESCO International

Several large investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC lifted its stake in shares of WESCO International by 95.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 753 shares of the technology company’s stock worth $139,000 after acquiring an additional 368 shares during the period. Gamco Investors INC. ET AL acquired a new position in shares of WESCO International during the second quarter valued at approximately $573,000. California State Teachers Retirement System raised its holdings in WESCO International by 0.8% during the second quarter. California State Teachers Retirement System now owns 45,604 shares of the technology company’s stock worth $8,446,000 after purchasing an additional 365 shares in the last quarter. BNP Paribas Financial Markets lifted its position in WESCO International by 516.8% in the second quarter. BNP Paribas Financial Markets now owns 41,354 shares of the technology company’s stock worth $7,659,000 after purchasing an additional 34,649 shares during the period. Finally, Lazard Asset Management LLC lifted its position in WESCO International by 1.4% in the second quarter. Lazard Asset Management LLC now owns 4,006 shares of the technology company’s stock worth $740,000 after purchasing an additional 54 shares during the period. Institutional investors and hedge funds own 93.75% of the company’s stock.

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.