Wesco International, Inc (NYSE: WCC) is -15.99% lower on its value in year-to-date trading and has touched a low of $125.21 and a high of $216.17 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 $162.96 in the last trading session, with the day’s loss setting it -10.93%.
Currently trading at $152.03, the stock is 1.04% and -5.34% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.56 million and changing -6.71% at the moment leaves the stock -12.99% off its SMA200. WCC registered -3.87% loss for a year compared to 6-month loss of -15.28%. The firm has a 50-day simple moving average (SMA 50) of $160.6112 and a 200-day simple moving average (SMA200) of $174.73175.
The stock witnessed a -2.81% gain in the last 1 month and extending the period to 3 months gives it a -19.73%, and is -5.52% 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 3.70% over the week and 6.16% over the month.
Wesco International, Inc (WCC) has around 20000 employees, a market worth around $7.42B and $21.82B in sales. Current P/E ratio is 11.63 and Fwd P/E is 9.47. Profit margin for the company is 3.02%. Distance from 52-week low is 21.42% and -29.67% from its 52-week high. The company has generated returns on investments over the last 12 months (6.21%).
with sales reaching $5.7B over the same period.The EPS is expected to grow by 10.13% this year, but quarterly earnings will post 2.70% year-over-year. Quarterly sales are estimated to grow 4.01% in year-over-year returns.
722.0 institutions hold shares in Wesco International, Inc (WCC), with institutional investors hold 101.30% of the company’s shares. The shares outstanding are 48.79M, and float is at 47.74M with Short Float at 3.26%. Institutions hold 99.39% 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 9.5119 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 9.3132 of the shares outstanding. The other top investors are LEONARD GREEN & PARTNERS, L.P. which holds 3.55 million shares representing 7.0652 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 Kulasa Matthew S, the company’s SVP, Corp. Controller & CAO. SEC filings show that Kulasa Matthew S sold 278 shares of the company’s common stock on Nov 22 ’24 at a price of $208.62 per share for a total of $57996.0. Following the sale, the insider now owns 3282.0 shares.
Wesco International, Inc disclosed in a document filed with the SEC on Nov 25 ’24 that Wolf Christine Ann (EVP & CHRO) sold a total of 2,038 shares of the company’s common stock. The trade occurred on Nov 25 ’24 and was made at $213.46 per share for $0.44 million. Following the transaction, the insider now directly holds 30320.0 shares of the WCC stock.
Still, SEC filings show that on Nov 25 ’24, Squires Nelson John III (EVP & GM, EES) disposed off 5,000 shares at an average price of $215.00 for $1.07 million. The insider now directly holds 44,621 shares of Wesco International, Inc (WCC).
