Wesco International Inc. (NYSE:WCC) is set to issue its Q416 quarterly earnings data on Thursday, January 26th. Analysts expect the company to announce earnings of $0.94 per share and revenue of $1.81 billion for the quarter.
Shares of Wesco International Inc. (NYSE:WCC) opened at 72.55 on Wednesday. The company’s 50-day moving average price is $69.33 and its 200 day moving average price is $61.65. Wesco International Inc. has a one year low of $36.47 and a one year high of $73.40. The stock has a market capitalization of $3.52 billion, a PE ratio of 33.85 and a beta of 1.76.
In related news, SVP Diane Lazzaris sold 5,028 shares of the business’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $64.65, for a total value of $325,060.20. Following the completion of the sale, the senior vice president now owns 23,542 shares in the company, valued at $1,521,990.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.00% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the company. TIAA CREF Investment Management LLC raised its stake in Wesco International by 43.0% in the second quarter. TIAA CREF Investment Management LLC now owns 799,748 shares of the company’s stock worth $41,179,000 after buying an additional 240,564 shares in the last quarter. Teachers Advisors Inc. raised its stake in Wesco International by 56.5% in the second quarter. Teachers Advisors Inc. now owns 88,826 shares of the company’s stock worth $4,574,000 after buying an additional 32,071 shares in the last quarter. Parametric Portfolio Associates LLC raised its stake in Wesco International by 22.8% in the second quarter. Parametric Portfolio Associates LLC now owns 116,936 shares of the company’s stock worth $6,021,000 after buying an additional 21,727 shares in the last quarter. Cantab Capital Partners LLP bought a new stake in Wesco International during the second quarter worth $640,000. Finally, Paloma Partners Management Co raised its stake in Wesco International by 82.0% in the second quarter. Paloma Partners Management Co now owns 23,660 shares of the company’s stock worth $1,218,000 after buying an additional 10,660 shares in the last quarter.
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WCC has been the topic of several research analyst reports. Stephens upgraded Wesco International from an “equal weight” rating to an “overweight” rating in a research report on Monday, November 21st. Buckingham Research raised Wesco International from a “neutral” rating to a “buy” rating and set a $66.00 target price on the stock in a report on Tuesday, November 1st. Credit Suisse Group AG raised Wesco International to a “buy” rating and set a $80.00 target price on the stock in a report on Monday, December 19th. Zacks Investment Research cut Wesco International from a “hold” rating to a “sell” rating in a report on Tuesday, January 3rd. Finally, KeyCorp initiated coverage on Wesco International in a report on Wednesday, November 30th. They issued an “overweight” rating and a $76.00 target price on the stock. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $64.24.
About Wesco International
WESCO International, Inc is a distributor of products and provider of supply chain management and logistics services used in industrial, construction, utility and commercial, institutional and government (CIG) markets. The Company is a provider of electrical, industrial and communications maintenance, repair and operating (MRO) and original equipment manufacturers (OEM) products, construction materials, and supply chain management and logistics services.
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