David S. Schulz Sells 14,938 Shares of WESCO International, Inc. (NYSE:WCC) Stock

WESCO International, Inc. (NYSE:WCC) CFO David S. Schulz sold 14,938 shares of WESCO International stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $206.55, for a total transaction of $3,085,443.90. Following the completion of the transaction, the chief financial officer now directly owns 104,471 shares in the company, valued at $21,578,485.05. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

WESCO International Stock Up 1.4 %

WCC stock traded up $2.86 during midday trading on Wednesday, reaching $207.21. The company had a trading volume of 709,116 shares, compared to its average volume of 708,381. The company has a 50 day moving average of $173.57 and a two-hundred day moving average of $169.90. The company has a current ratio of 2.21, a quick ratio of 1.29 and a debt-to-equity ratio of 0.99. WESCO International, Inc. has a 1 year low of $132.37 and a 1 year high of $213.41. The company has a market capitalization of $10.15 billion, a P/E ratio of 16.63, a PEG ratio of 1.67 and a beta of 2.01.

WESCO International (NYSE:WCC) last released its quarterly earnings data on Thursday, October 31st. The technology company reported $3.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $0.36. WESCO International had a return on equity of 13.19% and a net margin of 3.19%. The firm had revenue of $5.49 billion during the quarter, compared to analysts’ expectations of $5.46 billion. During the same quarter last year, the firm earned $4.49 earnings per share. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. On average, equities research analysts expect that WESCO International, Inc. will post 12.22 earnings per share for the current fiscal year.

WESCO International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a dividend of $0.4125 per share. This represents a $1.65 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend was Friday, September 13th. WESCO International’s payout ratio is presently 13.21%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on WCC shares. KeyCorp lifted their price target on shares of WESCO International from $195.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Robert W. Baird increased their price target on WESCO International from $215.00 to $223.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Oppenheimer boosted their price objective on WESCO International from $205.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. StockNews.com upgraded shares of WESCO International from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Finally, Stephens raised their price objective on shares of WESCO International from $190.00 to $205.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, WESCO International presently has an average rating of “Buy” and a consensus target price of $208.86.

Institutional Trading of WESCO International

Institutional investors have recently added to or reduced their stakes in the business. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of WESCO International by 71.1% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 166 shares of the technology company’s stock valued at $26,000 after purchasing an additional 69 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in WESCO International during the third quarter worth $28,000. GAMMA Investing LLC increased its position in WESCO International by 65.4% during the second quarter. GAMMA Investing LLC now owns 253 shares of the technology company’s stock worth $40,000 after buying an additional 100 shares during the last quarter. UMB Bank n.a. lifted its position in shares of WESCO International by 18.3% in the third quarter. UMB Bank n.a. now owns 633 shares of the technology company’s stock worth $106,000 after buying an additional 98 shares during the last quarter. Finally, Innealta Capital LLC bought a new stake in shares of WESCO International during the 2nd quarter worth about $152,000. 93.76% of the stock is currently owned by institutional investors and hedge funds.

About WESCO International

WESCO International, Inc provides business-to-business distribution, logistics services, and supply chain solutions in the United States, Canada, and internationally. It operates through three segments: Electrical & Electronic Solutions (EES), Communications & Security Solutions (CSS), and Utility and Broadband Solutions (UBS).