Several other research firms have also weighed in on WCC. Loop Capital boosted their price objective on shares of WESCO International from $160.00 to $170.00 and gave the stock a buy rating in a research note on Wednesday, February 16th. Zacks Investment Research upgraded shares of WESCO International from a hold rating to a strong-buy rating and set a $150.00 price objective on the stock in a research note on Tuesday, May 10th. Five investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Buy and a consensus price target of $158.33.
WCC opened at $120.68 on Tuesday. The stock has a market capitalization of $6.12 billion, a P/E ratio of 11.88, a P/E/G ratio of 0.82 and a beta of 2.17. WESCO International has a 12 month low of $93.80 and a 12 month high of $144.43. The firm’s fifty day simple moving average is $127.07 and its 200 day simple moving average is $126.93. The company has a current ratio of 2.11, a quick ratio of 1.23 and a debt-to-equity ratio of 1.22.
In other WESCO International news, Director Easwaran Sundaram sold 7,344 shares of the business’s stock in a transaction dated Thursday, March 3rd. The shares were sold at an average price of $120.01, for a total value of $881,353.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.60% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. Ellevest Inc. raised its stake in WESCO International by 57.1% during the fourth quarter. Ellevest Inc. now owns 377 shares of the technology company’s stock worth $50,000 after buying an additional 137 shares during the last quarter. O Shaughnessy Asset Management LLC increased its stake in WESCO International by 2,928.6% in the third quarter. O Shaughnessy Asset Management LLC now owns 1,272 shares of the technology company’s stock valued at $147,000 after purchasing an additional 1,230 shares in the last quarter. Toronto Dominion Bank acquired a new position in shares of WESCO International during the fourth quarter valued at about $171,000. James Investment Research Inc. acquired a new position in shares of WESCO International during the fourth quarter valued at about $197,000. Finally, Capital Wealth Alliance LLC purchased a new position in WESCO International in the fourth quarter valued at about $207,000. 92.83% of the stock is owned by institutional investors and hedge funds.
About WESCO International (Get Rating)
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).
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