Wesco International, Inc. (NYSE: WCC) is 2.25% higher on its value in year-to-date trading and has touched a low of $125.05 and a high of $195.43 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The WCC stock was last observed hovering at around $177.82 in the last trading session, with the day’s loss setting it -0.02%.
Currently trading at $177.80, the stock is 2.45% and 6.48% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.01 million and changing -0.01% at the moment leaves the stock 6.82% off its SMA200. WCC registered 38.77% gain for a year compared to 6-month gain of 15.16%. The firm has a 50-day simple moving average (SMA 50) of $166.9804 and a 200-day simple moving average (SMA200) of $166.4456.
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The stock witnessed a 6.81% loss in the last 1 month and extending the period to 3 months gives it a 12.00%, and is 1.79% up 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 2.08% over the week and 2.12% over the month.
Wesco International, Inc. (WCC) has around 20000 employees, a market worth around $8.74B and $21.95B in sales. Current P/E ratio is 13.80 and Fwd P/E is 12.36. Profit margin for the company is 3.03%. Distance from 52-week low is 42.18% and -9.02% 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 -17.15% this year
647.0 institutions hold shares in Wesco International, Inc. (WCC), with institutional investors hold 104.08% of the company’s shares. The shares outstanding are 50.90M, and float is at 44.63M with Short Float at 2.43%. Institutions hold 102.29% 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
The most recent transaction is an insider sale by RAYMUND STEVEN A, the company’s Director. SEC filings show that RAYMUND STEVEN A sold 5,819 shares of the company’s common stock on Sep 26 ’24 at a price of $171.56 per share for a total of $1.0 million. Following the sale, the insider now owns 27004.0 shares.
Still, SEC filings show that on May 24 ’24, Kulasa Matthew S (SVP, Corp. Controller & CAO) disposed off 474 shares at an average price of $191.69 for $90861.0. The insider now directly holds 3,555 shares of Wesco International, Inc. (WCC).