Brokerages Set WESCO International, Inc. (NYSE:WCC) PT at $218.88

Shares of WESCO International, Inc. (NYSE:WCC) have been given an average rating of “Buy” by the nine brokerages that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $218.88.

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

WESCO International Stock Down 1.7 %

Shares of NYSE:WCC opened at $164.96 on Thursday. The business has a 50-day moving average price of $185.01 and a 200 day moving average price of $182.44. The company has a current ratio of 2.20, a quick ratio of 1.27 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $8.05 billion, a price-to-earnings ratio of 12.62, a PEG ratio of 1.45 and a beta of 2.00. WESCO International has a 12-month low of $143.06 and a 12-month high of $216.17.

WESCO International (NYSE:WCC) last issued its quarterly earnings data 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%. Sell-side analysts expect that WESCO International will post 13.3 EPS for the current year.

WESCO International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.4538 per share. The ex-dividend date is Friday, March 14th. This is an increase from WESCO International’s previous quarterly dividend of $0.41. This represents a $1.82 dividend on an annualized basis and a dividend yield of 1.10%. WESCO International’s payout ratio is currently 13.85%.

Hedge Funds Weigh In On WESCO International

Institutional investors and hedge funds have recently made changes to their positions in the stock. V Square Quantitative Management LLC grew its position in shares of WESCO International by 39.9% during the fourth quarter. V Square Quantitative Management LLC now owns 235 shares of the technology company’s stock worth $43,000 after buying an additional 67 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in WESCO International by 43.5% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 267 shares of the technology company’s stock worth $48,000 after purchasing an additional 81 shares during the last quarter. GAMMA Investing LLC lifted its stake in WESCO International by 25.0% during the fourth quarter. GAMMA Investing LLC now owns 375 shares of the technology company’s stock worth $68,000 after purchasing an additional 75 shares during the last quarter. Millstone Evans Group LLC purchased a new stake in WESCO International during the fourth quarter worth approximately $122,000. Finally, Raiffeisen Bank International AG purchased a new stake in WESCO International during the fourth quarter worth approximately $180,000. 93.76% of the stock is owned by institutional investors and hedge funds.

About WESCO International

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).