Institutional Investors Are Crazy For Wesco International Inc (NYSE:WCC)

July 17, 2017 - By Migdalia James

 Institutional Investors Are Crazy  For Wesco International Inc (NYSE:WCC)

Sentiment for Wesco International Inc (NYSE:WCC)

Wesco International Inc (NYSE:WCC) institutional sentiment increased to 1.5 in Q4 2016. Its up 0.50, from 1 in 2016Q3. The ratio is positive, as 141 institutional investors started new and increased positions, while 94 sold and reduced their stakes in Wesco International Inc. The institutional investors in our partner’s database now hold: 47.43 million shares, down from 48.77 million shares in 2016Q3. Also, the number of institutional investors holding Wesco International Inc in their top 10 positions was flat from 2 to 2 for the same number . Sold All: 27 Reduced: 67 Increased: 88 New Position: 53.

WESCO International, Inc. is a distributor of products and well-known provider of supply chain management and logistics services used in industrial, construction, utility and commercial, institutional and government markets. The company has market cap of $2.75 billion. The Firm is a well-known provider of electrical, industrial and communications maintenance, repair and operating (MRO) and original equipment manufacturers (OEM) products, construction materials, and supply chain management and logistics services. It has a 27.93 P/E ratio. The Company’s product categories include general supplies, wire, cable and conduit, communications and security, electrical distribution and controls, lighting and sustainability, and automation, controls and motors.

It closed at $56.45 lastly. It is down 13.26% since July 17, 2016 and is uptrending. It has underperformed by 3.44% the S&P500.

Analysts expect WESCO International, Inc. (NYSE:WCC) to report $0.99 EPS on July, 27.They anticipate $0.03 EPS change or 2.94 % from last quarter’s $1.02 EPS. WCC’s profit would be $48.23 million giving it 14.26 P/E if the $0.99 EPS is correct. After having $0.76 EPS previously, WESCO International, Inc.’s analysts see 30.26 % EPS growth.

Edgepoint Investment Group Inc. holds 5.06% of its portfolio in WESCO International, Inc. for 4.52 million shares. Peconic Partners Llc owns 347,693 shares or 3.06% of their US portfolio. Moreover, Polaris Capital Management Llc has 2.39% invested in the company for 555,211 shares. The New York-based Olstein Capital Management L.P. has invested 1.35% in the stock. Profit Investment Management Llc, a Maryland-based fund reported 20,902 shares.#img1#

Since January 1, 0001, it had 1 insider buy, and 2 sales for $5.05 million activity.

WESCO International, Inc. (NYSE:WCC) Ratings Coverage

Ratings analysis reveals 35% of Wesco International Inc.’s analysts are positive. Out of 17 Wall Street analysts rating Wesco International Inc., 6 give it “Buy”, 0 “Sell” rating, while 11 recommend “Hold”. The lowest target is $4 while the high is $76. The stock’s average target of $60.15 is 6.55% above today’s ($56.45) share price. WCC was included in 45 notes of analysts from July 24, 2015. As per Thursday, April 14, the company rating was maintained by Susquehanna. As per Tuesday, November 1, the company rating was upgraded by Buckingham Research. On Tuesday, March 22 the stock rating was maintained by Oppenheimer with “Outperform”. Credit Suisse initiated WESCO International, Inc. (NYSE:WCC) rating on Tuesday, September 15. Credit Suisse has “Outperform” rating and $76 target. The stock of WESCO International, Inc. (NYSE:WCC) earned “Sector Perform” rating by RBC Capital Markets on Wednesday, December 14. The firm has “Outperform” rating by Oppenheimer given on Friday, January 29. Oppenheimer maintained WESCO International, Inc. (NYSE:WCC) rating on Wednesday, October 7. Oppenheimer has “Outperform” rating and $56 target. On Wednesday, December 16 the stock rating was maintained by Oppenheimer with “Outperform”. The rating was downgraded by RBC Capital Markets to “Sector Perform” on Wednesday, January 6. The company was reinitiated on Friday, June 17 by Credit Suisse.

More important recent WESCO International, Inc. (NYSE:WCC) news were published by: Gurufocus.com which released: “Vaughan Nelson Investment Management, Lp Buys Nexstar Media Group Inc, The …” on July 17, 2017, also Prnewswire.com published article titled: “WESCO International, Inc. Reports First Quarter 2017 Results”, Prnewswire.com published: “WESCO International, Inc. Announces Its Second Quarter Earnings Call and …” on June 19, 2017. More interesting news about WESCO International, Inc. (NYSE:WCC) was released by: Nasdaq.com and their article: “The Zacks Analyst Blog Highlights: MSCI, TE Connectivity, WESCO International …” with publication date: July 11, 2017.

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