Notable Price Action: What’s in WESCO International, Inc. After Today’s Big Increase?

Notable Price Action: What's in WESCO International, Inc. After Today's Big Increase?

The stock of WESCO International, Inc. (NYSE:WCC) is a huge mover today! About 228,481 shares traded hands. WESCO International, Inc. (NYSE:WCC) has risen 19.73% since April 28, 2016 and is uptrending. It has outperformed by 13.81% the S&P500.
The move comes after 8 months positive chart setup for the $3.55 billion company. It was reported on Dec, 1 by Barchart.com. We have $76.73 PT which if reached, will make NYSE:WCC worth $284.00 million more.

Analysts await WESCO International, Inc. (NYSE:WCC) to report earnings on January, 26. They expect $0.94 EPS, down 8.74% or $0.09 from last year’s $1.03 per share. WCC’s profit will be $46.97M for 18.90 P/E if the $0.94 EPS becomes a reality. After $1.05 actual EPS reported by WESCO International, Inc. for the previous quarter, Wall Street now forecasts -10.48% negative EPS growth.

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

Out of 13 analysts covering Wesco International Inc. (NYSE:WCC), 4 rate it a “Buy”, 0 “Sell”, while 9 “Hold”. This means 31% are positive. Wesco International Inc. has been the topic of 34 analyst reports since July 24, 2015 according to StockzIntelligence Inc. As per Wednesday, January 6, the company rating was downgraded by RBC Capital Markets. The firm has “Buy” rating given on Saturday, August 8 by TheStreet. The firm has “Outperform” rating given on Friday, June 17 by Credit Suisse. The company was initiated on Thursday, September 17 by UBS. The stock has “Outperform” rating given by RBC Capital Markets on Wednesday, December 16. The firm has “Equal Weight” rating by Barclays Capital given on Wednesday, December 16. Credit Suisse initiated WESCO International, Inc. (NYSE:WCC) on Tuesday, September 15 with “Outperform” rating. The stock has “Equal-Weight” rating given by Barclays Capital on Monday, October 5. The company was maintained on Thursday, May 12 by UBS. RBC Capital Markets maintained it with “Outperform” rating and $59 target price in Friday, October 23 report.

According to Zacks Investment Research, “Wesco International, Inc. is a leading provider of electrical products and other industrial MRO supplies and services in North America. The company is also a provider of Integrated Supply services. Their Integrated Supply solutions and outsourcing services fulfill all of a customer’s industrial MRO procurement needs through a highly automated, proprietary electronic procurement and inventory replenishment system.”

Insitutional Activity: The institutional sentiment decreased to 1 in Q2 2016. Its down 0.36, from 1.36 in 2016Q1. The ratio turned negative, as 19 funds sold all WESCO International, Inc. shares owned while 64 reduced positions. 40 funds bought stakes while 73 increased positions. They now own 51.25 million shares or 2.06% less from 52.33 million shares in 2016Q1.
Swiss Bank & Trust last reported 0.01% of its portfolio in the stock. Northern last reported 0% of its portfolio in the stock. Pacad Inv Ltd has 0.07% invested in the company for 10,300 shares. Gsa Partners Llp owns 16,077 shares or 0.05% of their US portfolio. Kcg Inc last reported 21,731 shares in the company. Chicago Equity Lc holds 0.01% of its portfolio in WESCO International, Inc. (NYSE:WCC) for 8,550 shares. The Switzerland-based Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% in WESCO International, Inc. (NYSE:WCC). Commercial Bank Of America De has 416,371 shares for 0% of their US portfolio. Cubist Systematic Strategies Limited Com last reported 17,875 shares in the company. Adage Capital Partners Gp holds 0.06% of its portfolio in WESCO International, Inc. (NYSE:WCC) for 402,427 shares. Winslow Evans Crocker Incorporated holds 0% or 3,742 shares in its portfolio. Pear Tree, a Massachusetts-based fund reported 34,300 shares. First Advisors Lp last reported 82,270 shares in the company. Royal Natl Bank Of Canada, a Ontario – Canada-based fund reported 34,794 shares. The Minnesota-based Ameriprise Incorporated has invested 0% in WESCO International, Inc. (NYSE:WCC).

Insider Transactions: Since September 6, 2016, the stock had 0 insider purchases, and 2 selling transactions for $492,017 net activity. On Monday, November 21 the insider Lazzaris Diane sold $325,060. $166,957 worth of WESCO International, Inc. (NYSE:WCC) was sold by Singleton James Louis.

More notable recent WESCO International, Inc. (NYSE:WCC) news were published by: Prnewswire.com which released: “WESCO International, Inc. Names New Chief Financial Officer” on October 17, 2016, also Prnewswire.com with their article: “WESCO International, Inc. Announces Its Fourth Quarter 2016 Investor …” published on November 02, 2016, Fool.com published: “How WESCO International Surprised the Stock Market” on October 28, 2016. More interesting news about WESCO International, Inc. (NYSE:WCC) were released by: Prnewswire.com and their article: “WESCO International, Inc. Announces Redemption of 6.0% Convertible Senior …” published on August 11, 2016 as well as Prnewswire.com‘s news article titled: “WESCO International, Inc. Announces Hibbard Retirement” with publication date: October 21, 2016.

WCC Company Profile

WESCO International, Inc., incorporated on September 17, 1993, 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 (CIG) markets. 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. The Company’s primary product categories include general electrical and industrial supplies, wire, cable and conduit, data and broadband communications, power distribution equipment, lighting and lighting control systems, control and automation, motors, and safety. The Firm serves over 80,000 clients across the globe through approximately 500 service branches located in North America, with activities in over 10 additional countries and approximately nine distribution centers located in the United States and Canada. It distributes over 1,000,000 products, grouped into six categories, from approximately 25,000 suppliers utilizing an automated, electronic procurement and inventory replenishment system. In addition, it offers a portfolio of capabilities, which includes supply chain management, logistics and transportation, procurement, warehousing and inventory management, as well as kitting, limited assembly of products and system installation.

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