The neutral rating from WESCO International (WCC) was confirmed by Robert W. Baird

Robert W. Baird maintained a neutral recommendation for the company’s shares WESCO International (NYSE:WCC – Free Report) Marketbeat.com reports in a report published on Wednesday. The company currently has a $195.00 price target on shares of the technology company, down from its prior price target of $200.00.

Other analysts have also recently published reports on the company. Loop Capital increased their target price on WESCO International from $190.00 to $200.00 and gave the stock a buy rating in a research report on Monday, May 6th. Royal Bank of Canada lowered their target price on WESCO International from $176.00 to $172.00 and set a rating on the stock in a research report on Friday, May 3rd. Oppenheimer increased their price target on WESCO International from $190.00 to $200.00 and gave the company an outperform rating in a research report on Friday, May 3rd. On Friday, May 3, StockNews.com upgraded WESCO International from hold to buy. Finally, KeyCorp raised their price target on WESCO International from $190.00 to $205.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. Three investment analysts rated the company’s shares with a hold rating and four with a buy rating. The stock has a consensus rating of Moderate Buy and an average price target of $191.17, according to MarketBeat.com.

Read our latest research report on WCC

WESCO International Price Results

NYSE WCC shares opened Wednesday at $176.82. WESCO International has a 1-year low of $122.30 and a 1-year high of $195.43. The company has a 50-day moving average of $170.73 and a 200-day moving average of $166.26. The company has a debt to equity ratio of 1.04, a current ratio of 2.21 and a quick ratio of 1.33. The company has a market capitalization of $8.99 billion, a price-to-earnings ratio of 14.72, a PEG ratio of 1.36 and a beta of 2.07.

WESCO International (NYSE:WCC – Get Free Report) last released its quarterly earnings results on Thursday, May 2nd. The technology company reported EPS of $2.30 for the quarter, missing analyst estimates of $2.43 by ($0.13). The company had revenue of $5.35 billion for the quarter, compared to analyst expectations of $5.30 billion. WESCO International achieved a net margin of 3.08% and a return on equity of 15.10%. The company’s revenue for the quarter was down 3.1% year-over-year. During the same period last year, the company saw an EPS of $3.75. Equities analysts expect WESCO International to post an average of 14.07 EPS for the current fiscal year.

Buying and selling confidential information

In other news, VP James Cameron sold 5,352 shares of WESCO International stock on Monday, March 11th. The shares were sold at an average price of $156.39, for a total transaction amount of $836,999.28. Following the transaction, the executive vice president now owns 33,595 shares of the company’s stock, valued at $5,253,922.05. The sale was disclosed in a filing with the Securities and Exchange Commission, available at this link. In other news, VP James Cameron sold 5,352 shares of WESCO International stock on Monday, March 11th. The shares were sold at an average price of $156.39, for a total transaction amount of $836,999.28. Following the transaction, the executive vice president now owns 33,595 shares of the company’s stock, valued at $5,253,922.05. The sale was disclosed in a filing with the Securities and Exchange Commission, available at this link. CAO Matthew S. Kulasa also sold 474 shares of WESCO International on Friday, May 24. The shares were sold at an average price of $191.69, for a total value of $90,861.06. Following the transaction, the chief accounting officer now owns 3,555 shares of the company’s stock, valued at approximately $681,457.95. The announcement of this sale can be found here. Over the last three months, insiders sold 1,760,312 shares of company stock worth $304,565,784. Currently, insiders own 3.10% of the shares.

Institutional inflows and outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Lyrical Asset Management LP increased its holdings in WESCO International by 2,583.9% during the 4th quarter. Lyrical Asset Management LP now owns 765,124 shares of the technology company’s stock worth $133,040,000 after purchasing an additional 736,616 shares in the last quarter. River Road Asset Management LLC acquired a new stake in shares of WESCO International during the 4th quarter worth approximately $79,404,000. Farmers & Merchants Investments Inc. increased its position in shares of WESCO International by 0.4% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 190,759 shares of the technology company’s stock valued at $33,169,000 after purchasing an additional 790 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of WESCO International by 74.8% during the first quarter. Russell Investments Group Ltd. now owns 72,897 shares of the technology company’s stock valued at $12,486,000 after purchasing an additional 31,200 shares in the last quarter. Finally, the New York State Joint Retirement Fund increased its position in shares of WESCO International by 29.8% during the third quarter. The New York State Retirement Fund now owns 69,402 shares of the technology company’s stock valued at $9,981,000 after purchasing an additional 15,916 shares in the last quarter. Hedge funds and other institutional investors hold 93.76% of the company’s shares.

About WESCO International

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WESCO International, Inc provides business-to-business distribution services, logistics services and supply chain solutions in the United States, Canada and around the world. It operates in three segments: Electrical and Electronic Solutions (EES), Communications and Security Solutions (CSS), and Utility and Broadband Solutions (UBS).

WESCO International Price Results

Buying and selling confidential information

Institutional inflows and outflows

About WESCO International

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