WESCO International, Inc. (NYSE:WCC) Given Consensus Rating of “Buy” by Brokerages

Shares of WESCO International, Inc. (NYSE:WCC) have been assigned an average rating of “Buy” from the nine brokerages that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $218.88.

A number of equities analysts have weighed in on WCC shares. Stephens boosted their price objective on WESCO International from $205.00 to $215.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. KeyCorp boosted their price objective on WESCO International from $225.00 to $245.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Jefferies Financial Group boosted their price objective on WESCO International from $225.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. StockNews.com lowered WESCO International from a “buy” rating to a “hold” rating in a research note on Wednesday, February 12th. Finally, Royal Bank of Canada boosted their price objective on WESCO International from $212.00 to $213.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 12th.

WESCO International Stock Performance

Shares of NYSE:WCC opened at $171.38 on Thursday. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.20 and a quick ratio of 1.27. The business’s 50 day moving average price is $185.70 and its 200-day moving average price is $182.40. The firm has a market capitalization of $8.36 billion, a PE ratio of 13.11, a P/E/G ratio of 1.45 and a beta of 2.00. WESCO International has a 1 year low of $143.06 and a 1 year high of $216.17.

WESCO International (NYSE:WCC) last issued its quarterly earnings results on Tuesday, February 11th. The technology company reported $3.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.07). WESCO International had a return on equity of 13.63% and a net margin of 3.29%. As a group, equities research analysts expect that WESCO International will post 13.3 earnings per share for the current fiscal year.

WESCO International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.4538 dividend. This represents a $1.82 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from WESCO International’s previous quarterly dividend of $0.41. WESCO International’s payout ratio is currently 13.85%.

Institutional Investors Weigh In On WESCO International

Institutional investors and hedge funds have recently modified their holdings of the company. V Square Quantitative Management LLC raised its holdings in shares of WESCO International by 39.9% in the 4th quarter. V Square Quantitative Management LLC now owns 235 shares of the technology company’s stock valued at $43,000 after buying an additional 67 shares during the period. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of WESCO International by 43.5% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 267 shares of the technology company’s stock valued at $48,000 after buying an additional 81 shares during the period. GAMMA Investing LLC raised its holdings in shares of WESCO International by 25.0% in the 4th quarter. GAMMA Investing LLC now owns 375 shares of the technology company’s stock valued at $68,000 after buying an additional 75 shares during the period. Millstone Evans Group LLC purchased a new stake in shares of WESCO International in the 4th quarter valued at $122,000. Finally, Raiffeisen Bank International AG purchased a new stake in shares of WESCO International in the 4th quarter valued at $180,000. Hedge funds and other institutional investors own 93.76% of the company’s stock.

WESCO International Company Profile

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).