Insider Selling: WESCO International, Inc. (NYSE:WCC) EVP Sells 2,829 Shares of Stock

WESCO International, Inc. (NYSE:WCC) EVP William Clayton Geary sold 2,829 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $205.73, for a total value of $582,010.17. Following the completion of the transaction, the executive vice president now directly owns 35,063 shares in the company, valued at approximately $7,213,510.99. This represents a 7.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

WESCO International Stock Performance

NYSE WCC opened at $204.25 on Friday. The company has a market cap of $10.01 billion, a P/E ratio of 16.35, a P/E/G ratio of 1.69 and a beta of 2.01. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.29 and a current ratio of 2.21. The business’s 50 day moving average price is $176.84 and its 200-day moving average price is $170.74. WESCO International, Inc. has a fifty-two week low of $132.37 and a fifty-two week high of $213.75.

WESCO International (NYSE:WCC) last announced its quarterly earnings data on Thursday, October 31st. The technology company reported $3.58 EPS for the quarter, beating the consensus estimate of $3.22 by $0.36. The company had revenue of $5.49 billion for the quarter, compared to the consensus estimate of $5.46 billion. WESCO International had a return on equity of 13.19% and a net margin of 3.19%. WESCO International’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.49 EPS. Sell-side analysts predict that WESCO International, Inc. will post 12.22 earnings per share for the current year.

WESCO International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a $0.4125 dividend. This represents a $1.65 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend was Friday, September 13th. WESCO International’s dividend payout ratio (DPR) is presently 13.21%.

Hedge Funds Weigh In On WESCO International

Several hedge funds have recently bought and sold shares of WCC. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of WESCO International by 71.1% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 166 shares of the technology company’s stock worth $26,000 after buying an additional 69 shares during the period. Fifth Third Wealth Advisors LLC lifted its holdings in shares of WESCO International by 1.7% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 4,335 shares of the technology company’s stock worth $728,000 after buying an additional 71 shares during the period. MetLife Investment Management LLC lifted its holdings in shares of WESCO International by 0.4% in the 3rd quarter. MetLife Investment Management LLC now owns 23,102 shares of the technology company’s stock worth $3,881,000 after buying an additional 85 shares during the period. UMB Bank n.a. lifted its holdings in shares of WESCO International by 18.3% in the 3rd 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 period. Finally, GAMMA Investing LLC lifted its holdings in shares of WESCO International by 65.4% in the 2nd 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 period. Institutional investors own 93.76% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WCC. Royal Bank of Canada upped their price objective on WESCO International from $186.00 to $199.00 and gave the stock a “sector perform” rating in a report on Friday, November 1st. Oppenheimer upped 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. Stephens upped their price objective on WESCO International from $190.00 to $205.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Robert W. Baird upped their price objective on WESCO International from $215.00 to $223.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, StockNews.com raised WESCO International from a “hold” rating to a “buy” rating in a report on Monday, November 4th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, WESCO International has a consensus rating of “Buy” and a consensus target price of $208.86.

WESCO International Company Profile

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).