WESCO International (NYSE:WCC) Reaches New 1-Year High – Time to Buy?

WESCO International, Inc. (NYSE:WCC)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $374.69 and last traded at $372.84, with a volume of 59545 shares traded. The stock had previously closed at $363.57.

Analysts Set New Price Targets

Several research firms recently commented on WCC. Weiss Ratings upgraded WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. KeyCorp lifted their price target on WESCO International from $340.00 to $415.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Stephens boosted their price objective on WESCO International from $275.00 to $350.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Barclays raised their target price on shares of WESCO International from $313.00 to $375.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Finally, Royal Bank Of Canada raised their target price on shares of WESCO International from $352.00 to $411.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $321.38.

WESCO International Price Performance

The company has a current ratio of 2.12, a quick ratio of 1.22 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $17.76 billion, a P/E ratio of 25.92, a P/E/G ratio of 2.35 and a beta of 1.54. The business’s fifty day moving average price is $314.05 and its 200-day moving average price is $287.80.

WESCO International (NYSE:WCC) last posted its quarterly earnings results on Thursday, April 30th. The technology company reported $3.37 earnings per share for the quarter, topping the consensus estimate of $2.88 by $0.49. The business had revenue of $6.08 billion during the quarter, compared to the consensus estimate of $5.86 billion. WESCO International had a net margin of 2.79% and a return on equity of 13.82%. The firm’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.21 earnings per share. WESCO International has set its FY 2026 guidance at 15.000-17.000 EPS. As a group, sell-side analysts predict that WESCO International, Inc. will post 15.9 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other WESCO International news, EVP Diane Lazzaris sold 9,910 shares of the business’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $359.48, for a total value of $3,562,446.80. Following the completion of the sale, the executive vice president directly owned 19,611 shares of the company’s stock, valued at $7,049,762.28. The trade was a 33.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO David S. Schulz sold 31,951 shares of the business’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $360.44, for a total transaction of $11,516,418.44. Following the completion of the sale, the chief financial officer directly owned 77,038 shares of the company’s stock, valued at $27,767,576.72. This represents a 29.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 144,486 shares of company stock valued at $51,846,641 over the last three months. 2.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Arkadios Wealth Advisors grew its position in shares of WESCO International by 5.0% in the 1st quarter. Arkadios Wealth Advisors now owns 2,138 shares of the technology company’s stock worth $585,000 after buying an additional 102 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in WESCO International by 33.8% in the first quarter. EverSource Wealth Advisors LLC now owns 1,457 shares of the technology company’s stock worth $399,000 after acquiring an additional 368 shares during the period. California State Teachers Retirement System increased its position in WESCO International by 22.3% during the 1st quarter. California State Teachers Retirement System now owns 56,353 shares of the technology company’s stock valued at $15,419,000 after purchasing an additional 10,267 shares during the period. Bessemer Group Inc. increased its position in WESCO International by 2.4% during the 1st quarter. Bessemer Group Inc. now owns 2,214 shares of the technology company’s stock valued at $606,000 after purchasing an additional 51 shares during the period. Finally, Bank of New York Mellon Corp increased its position in WESCO International by 10.3% during the 1st quarter. Bank of New York Mellon Corp now owns 907,473 shares of the technology company’s stock valued at $248,303,000 after purchasing an additional 84,905 shares during the period. Institutional investors own 93.75% of the company’s stock.

About WESCO International

WESCO International, Inc is a leading global distributor of electrical, industrial, communications and utility products, serving a diverse customer base across maintenance, repair and operations (MRO), original equipment manufacturing (OEM) and construction markets. The company offers a comprehensive portfolio of products ranging from power distribution and automation solutions to data communications, security systems and lighting controls. Through an extensive branch network, WESCO provides critical components and value‐added services that help organizations streamline operations and improve reliability in their facilities and infrastructure.

In addition to its broad product offering, WESCO delivers advanced supply chain management and logistics solutions designed to optimize inventory levels, reduce downtime and lower overall procurement costs.