WESCO International, Inc. (NYSE:WCC) Director Lynn M. Utter Sells 1,513 Shares

WESCO International, Inc. (NYSE:WCC) Director Lynn M. Utter sold 1,513 shares of WESCO International stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $48.97, for a total value of $74,091.61. Following the transaction, the director now owns 11,151 shares of the company’s stock, valued at approximately $546,064.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of NYSE WCC traded up $0.12 during trading on Monday, hitting $50.77. 530,400 shares of the company traded hands, compared to its average volume of 542,646. WESCO International, Inc. has a fifty-two week low of $43.94 and a fifty-two week high of $63.20. The firm has a fifty day moving average of $49.69. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of 10.53, a price-to-earnings-growth ratio of 0.94 and a beta of 1.74. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.18 and a quick ratio of 1.31.

WESCO International (NYSE:WCC) last posted its quarterly earnings data on Thursday, May 2nd. The technology company reported $0.93 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.95 by ($0.02). The company had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $2 billion. WESCO International had a net margin of 2.77% and a return on equity of 10.34%. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.93 EPS. Analysts expect that WESCO International, Inc. will post 5.39 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. TIAA CREF Investment Management LLC boosted its position in shares of WESCO International by 0.5% during the third quarter. TIAA CREF Investment Management LLC now owns 696,223 shares of the technology company’s stock worth $42,783,000 after acquiring an additional 3,449 shares during the last quarter. Xact Kapitalforvaltning AB boosted its position in shares of WESCO International by 72.4% during the fourth quarter. Xact Kapitalforvaltning AB now owns 12,623 shares of the technology company’s stock worth $606,000 after acquiring an additional 5,300 shares during the last quarter. Rhumbline Advisers boosted its position in shares of WESCO International by 3.4% during the fourth quarter. Rhumbline Advisers now owns 43,164 shares of the technology company’s stock worth $2,072,000 after acquiring an additional 1,432 shares during the last quarter. Dean Investment Associates LLC boosted its position in shares of WESCO International by 81.8% during the fourth quarter. Dean Investment Associates LLC now owns 111,845 shares of the technology company’s stock worth $5,369,000 after acquiring an additional 50,340 shares during the last quarter. Finally, Sun Life Financial INC boosted its position in shares of WESCO International by 6.6% during the fourth quarter. Sun Life Financial INC now owns 8,827 shares of the technology company’s stock worth $424,000 after acquiring an additional 548 shares during the last quarter. 98.48% of the stock is currently owned by hedge funds and other institutional investors.

WCC has been the subject of a number of research analyst reports. Wells Fargo & Co boosted their price objective on WESCO International from $60.00 to $65.00 and gave the stock an “outperform” rating in a report on Monday, March 18th. Buckingham Research reduced their price objective on WESCO International from $64.00 to $58.00 and set a “buy” rating for the company in a report on Wednesday, June 19th. TheStreet cut WESCO International from a “b-” rating to a “c+” rating in a report on Friday, May 24th. Northcoast Research restated a “buy” rating on shares of WESCO International in a report on Friday, May 3rd. Finally, Zacks Investment Research downgraded shares of WESCO International from a “hold” rating to a “sell” rating in a research report on Tuesday, April 30th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. WESCO International has a consensus rating of “Hold” and an average price target of $62.71.

WESCO International Company Profile

WESCO International, Inc distributes electrical, industrial, and communications maintenance, repair and operating (MRO) and original equipment manufacturers products and construction materials in North America and internationally. The company sells general supplies, such as wiring devices, fuses, terminals, connectors, boxes, enclosures, fittings, lugs, terminations, wraps, splicing and marking equipment, tools and testers, safety, personal protection, sealants, cutting tools, adhesives, consumables, fasteners, janitorial, and other MRO supplies.

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