Wesco International, Inc. (NYSE: WCC) is -1.02% lower on its value in year-to-date trading and has touched a low of $122.30 and a high of $195.43 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The WCC stock was last observed hovering at around $163.23 in the last trading session, with the day’s gains setting it 8.88%.
Currently trading at $172.11, the stock is 7.01% and 6.38% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.44 million and changing 5.44% at the moment leaves the stock 3.44% off its SMA200. WCC registered 17.47% gain for a year compared to 6-month loss of 0.74%. The firm has a 50-day simple moving average (SMA 50) of $161.71 and a 200-day simple moving average (SMA200) of $166.43616.
The stock witnessed a 5.25% gain in the last 1 month and extending the period to 3 months gives it a 8.72%, and is -0.34% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.88% over the week and 2.87% over the month.
Wesco International, Inc. (WCC) has around 20000 employees, a market worth around $8.46B and $21.95B in sales. Current P/E ratio is 13.36 and Fwd P/E is 11.94. Profit margin for the company is 3.03%. Distance from 52-week low is 40.73% and -11.93% from its 52-week high. The company has generated returns on investments over the last 12 months (6.22%).
The EPS is expected to shrink by -16.87% this year
640.0 institutions hold shares in Wesco International, Inc. (WCC), with institutional investors hold 103.74% of the company’s shares. The shares outstanding are 50.90M, and float is at 44.62M with Short Float at 4.50%. Institutions hold 101.95% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 4.77 million shares valued at $756.93 million. The investor’s holdings represent 9.3811 of the WCC Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 4.68 million shares valued at $741.12 million to account for 9.1851 of the shares outstanding. The other top investors are LEONARD GREEN & PARTNERS, L.P. which holds 3.55 million shares representing 6.968 and valued at over $562.23 million, while DIMENSIONAL FUND ADVISORS LP holds 3.3547 of the shares totaling 1.71 million with a market value of $270.68 million.
Wesco International, Inc. (WCC) Insider Activity
Wesco International, Inc. disclosed in a document filed with the SEC on May 24 ’24 that Kulasa Matthew S (SVP, Corp. Controller & CAO) sold a total of 474 shares of the company’s common stock. The trade occurred on May 24 ’24 and was made at $191.69 per share for $90861.0. Following the transaction, the insider now directly holds 3555.0 shares of the WCC stock.
Still, SEC filings show that on May 24 ’24, Wolf Christine Ann (EVP & CHRO) disposed off 4,486 shares at an average price of $190.13 for $0.85 million. The insider now directly holds 30,304 shares of Wesco International, Inc. (WCC).
