WESCO International (NYSE:WCC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of WESCO International (NYSE:WCC) from a hold rating to a buy rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.

Other analysts also recently issued reports about the company. Barclays increased their price target on WESCO International from $390.00 to $437.00 and gave the company an “overweight” rating in a research report on Monday, October 12th. Stephens raised WESCO International from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $350.00 to $400.00 in a research report on Tuesday, July 14th. Royal Bank Of Canada boosted their price objective on WESCO International from $430.00 to $435.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 14th. Zacks Research downgraded WESCO International from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 19th. Finally, Weiss Ratings raised WESCO International from a “hold (c+)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, WESCO International currently has an average rating of “Moderate Buy” and a consensus price target of $402.83.

WESCO International Stock Up 3.9%

WCC opened at $330.44 on Friday. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.09 and a quick ratio of 1.23. The company’s 50-day moving average is $350.77 and its 200 day moving average is $325.41. WESCO International has a fifty-two week low of $219.62 and a fifty-two week high of $388.64. The firm has a market capitalization of $16.10 billion, a P/E ratio of 22.84, a PEG ratio of 1.90 and a beta of 1.54.

WESCO International (NYSE:WCC) last issued its quarterly earnings data on Thursday, July 30th. The technology company reported $4.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.98 by $0.59. The business had revenue of $6.67 billion during the quarter, compared to the consensus estimate of $6.44 billion. WESCO International had a net margin of 2.84% and a return on equity of 14.95%. The firm’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.83 EPS. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. Research analysts expect that WESCO International will post 16.77 earnings per share for the current fiscal year.

WESCO International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Friday, September 11th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, September 11th. WESCO International’s payout ratio is 13.82%.

Insider Buying and Selling

In related news, Director Laura Thompson sold 270 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $368.45, for a total value of $99,481.50. Following the transaction, the director owned 10,720 shares in the company, valued at approximately $3,949,784. This represents a 2.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Daniel J. Castillo acquired 960 shares of WESCO International stock in a transaction on Tuesday, August 4th. The shares were purchased at an average cost of $365.89 per share, with a total value of $351,254.40. Following the completion of the acquisition, the executive vice president owned 16,305 shares of the company’s stock, valued at $5,965,836.45. This trade represents a 6.26% increase in their position. The SEC filing for this purchase provides additional information. 2.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Sequoia Financial Advisors LLC raised its holdings in shares of WESCO International by 28.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 23,336 shares of the technology company’s stock valued at $8,061,000 after acquiring an additional 5,224 shares in the last quarter. Engineers Gate Manager LP bought a new stake in shares of WESCO International during the 2nd quarter valued at about $8,338,000. BlackRock Inc. bought a new stake in shares of WESCO International during the 2nd quarter valued at about $3,094,634,000. Bank of America Corp DE purchased a new position in shares of WESCO International during the second quarter worth about $296,304,000. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of WESCO International during the second quarter worth about $2,243,000. Hedge funds and other institutional investors own 93.75% of the company’s stock.

WESCO International Company Profile

WESCO International, Inc is a business-to-business provider of electrical, communications, security, and supply chain solutions. The company distributes products used in electrical and electronic systems, including wire and cable, lighting, circuit protection, automation and control equipment, data communications infrastructure, security products, and other electrical and industrial supplies.

WESCO serves a broad range of customers, including electrical and data communications contractors, industrial companies, original equipment manufacturers, utilities, commercial and institutional businesses, government entities, and telecommunications providers.