WESCO International (NYSE:WCC) Rating Lowered to Hold at Zacks Research

WESCO International (NYSE:WCC) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday, Zacks reports.

A number of other research analysts also recently commented on WCC. Stephens raised shares of WESCO International from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $350.00 to $400.00 in a research report on Tuesday, July 14th. Weiss Ratings upgraded WESCO International from a “hold (c+)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Barclays raised their price target on shares of WESCO International from $390.00 to $437.00 and gave the company an “overweight” rating in a report on Monday, October 12th. Royal Bank Of Canada raised their target price on WESCO International from $430.00 to $435.00 and gave the company an “outperform” rating in a report on Wednesday, October 14th. Finally, Wall Street Zen lowered WESCO International from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $402.83.

WESCO International Stock Down 0.0%

Shares of WESCO International stock opened at $341.95 on Monday. The company has a quick ratio of 1.23, a current ratio of 2.09 and a debt-to-equity ratio of 1.13. WESCO International has a 12-month low of $213.48 and a 12-month high of $388.64. The firm has a market capitalization of $16.66 billion, a PE ratio of 23.63, a price-to-earnings-growth ratio of 2.04 and a beta of 1.54. The stock’s fifty day moving average is $353.14 and its 200-day moving average is $343.67.

WESCO International (NYSE:WCC) last announced its earnings results on Thursday, July 30th. The technology company reported $4.57 EPS for the quarter, topping the consensus estimate of $3.98 by $0.59. WESCO International had a net margin of 2.84% and a return on equity of 14.95%. The company had revenue of $6.67 billion during the quarter, compared to analysts’ expectations of $6.44 billion. During the same period last year, the company posted $3.83 earnings per share. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. Equities analysts anticipate that WESCO International will post 16.77 earnings per share for the current year.

Insider Activity

In other news, EVP Akash Khurana sold 3,400 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $366.78, for a total value of $1,247,052.00. Following the sale, the executive vice president owned 27,404 shares in the company, valued at approximately $10,051,239.12. This trade represents a 11.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Laura Thompson sold 270 shares of the business’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $368.45, for a total transaction of $99,481.50. Following the transaction, the director directly owned 10,720 shares in the company, valued at $3,949,784. This trade represents a 2.46% decrease in their position. The disclosure for this sale is available in the SEC filing. 2.60% of the stock is owned by company insiders.

Institutional Trading of WESCO International

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC lifted its stake in shares of WESCO International by 28.8% in the second quarter. Sequoia Financial Advisors LLC now owns 23,336 shares of the technology company’s stock valued at $8,061,000 after buying an additional 5,224 shares during the period. Engineers Gate Manager LP acquired a new stake in WESCO International during the second quarter worth about $8,338,000. BlackRock Inc. acquired a new stake in WESCO International during the second quarter worth about $3,094,634,000. Bank of America Corp DE bought a new position in WESCO International during the second quarter valued at about $296,304,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in WESCO International during the second quarter valued at about $2,243,000. 93.75% of the stock is currently owned by institutional investors and hedge funds.

WESCO International Company Profile

WESCO International, Inc is a business-to-business provider of electrical, communications, security, and supply chain solutions. The company distributes products used in electrical and electronic systems, including wire and cable, lighting, circuit protection, automation and control equipment, data communications infrastructure, security products, and other electrical and industrial supplies.

WESCO serves a broad range of customers, including electrical and data communications contractors, industrial companies, original equipment manufacturers, utilities, commercial and institutional businesses, government entities, and telecommunications providers.