WESCO International, Inc. (NYSE:WCC) has been assigned an average rating of “Hold” from the twelve research firms that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $61.60.
WCC has been the topic of a number of recent research reports. Royal Bank of Canada reduced their target price on shares of WESCO International to $54.00 and set a “sector perform” rating on the stock in a research report on Friday, August 2nd. Robert W. Baird raised shares of WESCO International from a “neutral” rating to an “outperform” rating and set a $54.00 target price on the stock in a research report on Thursday, August 22nd. William Blair downgraded shares of WESCO International from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 7th. ValuEngine downgraded shares of WESCO International from a “sell” rating to a “strong sell” rating in a research report on Friday, July 12th. Finally, TheStreet downgraded shares of WESCO International from a “b-” rating to a “c+” rating in a research report on Friday, May 24th.
WESCO International stock traded down $0.14 during mid-day trading on Friday, reaching $42.48. 1 shares of the company traded hands, compared to its average volume of 618,979. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.30 and a quick ratio of 1.41. The firm’s 50 day moving average price is $46.79 and its 200 day moving average price is $51.19. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of 8.84, a P/E/G ratio of 0.82 and a beta of 1.73. WESCO International has a 52-week low of $42.03 and a 52-week high of $63.20.
In other news, Director Lynn M. Utter sold 1,513 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $48.97, for a total value of $74,091.61. Following the sale, the director now directly owns 11,151 shares of the company’s stock, valued at approximately $546,064.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.80% of the stock is owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in WCC. Diamond Hill Capital Management Inc. boosted its stake in WESCO International by 6,102.8% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 548,764 shares of the technology company’s stock worth $27,795,000 after purchasing an additional 539,917 shares in the last quarter. Fort Washington Investment Advisors Inc. OH bought a new position in WESCO International in the 1st quarter worth about $14,834,000. Foundry Partners LLC boosted its stake in WESCO International by 1,442.7% in the 2nd quarter. Foundry Partners LLC now owns 138,847 shares of the technology company’s stock worth $7,033,000 after purchasing an additional 129,847 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in WESCO International by 75.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 293,472 shares of the technology company’s stock worth $15,557,000 after purchasing an additional 125,940 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in WESCO International by 19.7% in the 4th quarter. Geode Capital Management LLC now owns 532,778 shares of the technology company’s stock worth $25,573,000 after purchasing an additional 87,644 shares in the last quarter.
WESCO International Company Profile
WESCO International, Inc distributes electrical, industrial, and communications maintenance, repair and operating (MRO) and original equipment manufacturers products and construction materials in North America and internationally. The company sells general supplies, such as wiring devices, fuses, terminals, connectors, boxes, enclosures, fittings, lugs, terminations, wraps, splicing and marking equipment, tools and testers, safety, personal protection, sealants, cutting tools, adhesives, consumables, fasteners, janitorial, and other MRO supplies.
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