WESCO International, Inc. (NYSE:WCC) EVP Sells $663,100.00 in Stock

WESCO International, Inc. (NYSE:WCCGet Free Report) EVP Nelson John Squires III sold 3,490 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $190.00, for a total value of $663,100.00. Following the sale, the executive vice president now directly owns 54,385 shares of the company’s stock, valued at $10,333,150. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

WESCO International Stock Up 1.6 %

WCC opened at $193.83 on Monday. WESCO International, Inc. has a 12 month low of $121.90 and a 12 month high of $193.96. The stock has a market capitalization of $9.90 billion, a P/E ratio of 12.93, a P/E/G ratio of 1.16 and a beta of 2.11. The business has a 50 day simple moving average of $173.25 and a 200-day simple moving average of $157.50. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.36 and a quick ratio of 1.39.

WESCO International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.77%. The ex-dividend date was Thursday, December 14th. WESCO International’s payout ratio is currently 10.01%.

Analyst Ratings Changes

A number of analysts have weighed in on WCC shares. StockNews.com raised WESCO International from a “hold” rating to a “buy” rating in a research report on Thursday, February 1st. Royal Bank of Canada raised their price target on WESCO International from $187.00 to $203.00 and gave the company an “outperform” rating in a report on Thursday, January 4th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $191.86.

Read Our Latest Stock Analysis on WCC

Hedge Funds Weigh In On WESCO International

Hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC increased its stake in WESCO International by 6.8% in the 2nd quarter. Geode Capital Management LLC now owns 657,472 shares of the technology company’s stock valued at $117,727,000 after purchasing an additional 41,589 shares in the last quarter. First Hawaiian Bank increased its stake in WESCO International by 2.1% in the 3rd quarter. First Hawaiian Bank now owns 5,501 shares of the technology company’s stock valued at $791,000 after purchasing an additional 113 shares in the last quarter. Amalgamated Bank increased its stake in WESCO International by 16.1% in the 3rd quarter. Amalgamated Bank now owns 34,221 shares of the technology company’s stock valued at $4,922,000 after purchasing an additional 4,733 shares in the last quarter. Thompson Siegel & Walmsley LLC increased its stake in WESCO International by 2.6% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 54,985 shares of the technology company’s stock valued at $7,908,000 after purchasing an additional 1,390 shares in the last quarter. Finally, New York State Teachers Retirement System purchased a new position in WESCO International during the second quarter worth $2,392,000. 99.15% of the stock is owned by hedge funds and other institutional investors.

About WESCO International

(Get Free Report)

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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Insider Buying and Selling by Quarter for WESCO International (NYSE:WCC)

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