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 the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $206.55, for a total transaction of $3,085,443.90. Following the sale, the chief financial officer now directly owns 104,471 shares in the company, valued at approximately $21,578,485.05. The trade was a 12.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

WESCO International Trading Up 0.4 %

NYSE:WCC opened at $207.78 on Friday. The company has a current ratio of 2.21, a quick ratio of 1.29 and a debt-to-equity ratio of 0.99. The firm has a market cap of $10.18 billion, a P/E ratio of 16.64, a PEG ratio of 1.67 and a beta of 2.01. WESCO International, Inc. has a 12-month low of $132.37 and a 12-month high of $213.75. The stock’s 50 day simple moving average is $175.75 and its 200-day simple moving average is $170.42.

WESCO International (NYSE:WCC) last announced its earnings results on Thursday, October 31st. The technology company reported $3.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.22 by $0.36. The company had revenue of $5.49 billion during the quarter, compared to analysts’ expectations of $5.46 billion. WESCO International had a net margin of 3.19% and a return on equity of 13.19%. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.49 earnings per share. Equities analysts anticipate that WESCO International, Inc. will post 12.22 EPS for the current year.

WESCO International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a $0.4125 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 0.79%. WESCO International’s dividend payout ratio (DPR) is presently 13.21%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on WCC shares. Loop Capital raised their price objective on WESCO International from $190.00 to $210.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Stephens upped their target price on shares of WESCO International from $190.00 to $205.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. StockNews.com upgraded shares of WESCO International from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Robert W. Baird raised their price target on WESCO International from $215.00 to $223.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Royal Bank of Canada boosted their target price on shares of WESCO International from $186.00 to $199.00 and gave the stock a “sector perform” rating in a report on Friday, November 1st. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $208.86.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of WCC. Russell Investments Group Ltd. raised its stake in shares of WESCO International by 74.8% during the first quarter. Russell Investments Group Ltd. now owns 72,897 shares of the technology company’s stock valued at $12,486,000 after purchasing an additional 31,200 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in shares of WESCO International by 860.5% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 12,381 shares of the technology company’s stock worth $1,963,000 after purchasing an additional 11,092 shares during the last quarter. Redwood Investment Management LLC acquired a new position in shares of WESCO International during the first quarter valued at $639,000. Fifth Third Wealth Advisors LLC bought a new stake in shares of WESCO International during the second quarter valued at approximately $676,000. Finally, Clearbridge Investments LLC bought a new stake in WESCO International during the 2nd quarter valued at $52,782,000. Hedge funds and other institutional investors own 93.76% of the company’s stock.

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).