How Many WESCO International, Inc. (NYSE:WCC)’s Analysts Are Bearish?

July 17, 2017 - By Marry Poplack

 How Many WESCO International, Inc. (NYSE:WCC)'s Analysts Are Bearish?
Investors sentiment increased to 1.5 in Q4 2016. Its up 0.50, from 1 in 2016Q3. It is positive, as 27 investors sold WESCO International, Inc. shares while 67 reduced holdings. 53 funds opened positions while 88 raised stakes. 47.43 million shares or 2.74% less from 48.77 million shares in 2016Q3 were reported.
Highline Mgmt L P accumulated 0.9% or 475,000 shares. Ameriprise Incorporated owns 34,943 shares for 0% of their portfolio. The New York-based Clinton Group Incorporated has invested 0.04% in WESCO International, Inc. (NYSE:WCC). 137,179 are owned by Savings Bank Of America De. New Hampshire-based Pax Ww Ltd Company has invested 0.8% in WESCO International, Inc. (NYSE:WCC). Spot Trading Ltd Liability Com reported 0.01% of its portfolio in WESCO International, Inc. (NYSE:WCC). Seizert Capital Prns Ltd stated it has 81,893 shares or 0.19% of all its holdings. Olstein Capital Limited Partnership has invested 1.35% in WESCO International, Inc. (NYSE:WCC). 257,215 were accumulated by Tocqueville Asset Mngmt Lp. New Jersey-based Jacobs Levy Equity Mngmt has invested 0.1% in WESCO International, Inc. (NYSE:WCC). Blackrock Invest Management Ltd invested in 27,871 shares or 0% of the stock. Harris Associates L P owns 814,897 shares. Northern Tru holds 0% or 218,057 shares. Nine Chapters Capital Mngmt Limited Liability Corporation stated it has 3,300 shares or 0.37% of all its holdings. Verition Fund Mgmt Lc holds 0.09% or 15,321 shares in its portfolio.

Since January 31, 2017, it had 1 buy, and 2 selling transactions for $5.05 million activity. $5.28 million worth of WESCO International, Inc. (NYSE:WCC) was sold by ENGEL JOHN on Tuesday, January 31. Schulz David S. also bought $355,874 worth of WESCO International, Inc. (NYSE:WCC) on Tuesday, January 31. 1,731 shares were sold by LIN SANDRA BEACH, worth $122,019.

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

Among 17 analysts covering Wesco International Inc. (NYSE:WCC), 6 have Buy rating, 0 Sell and 11 Hold. Therefore 35% are positive. Wesco International Inc. had 45 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets with “Hold” on Monday, July 10. Longbow upgraded the shares of WCC in report on Wednesday, August 24 to “Buy” rating. The rating was maintained by Oppenheimer on Wednesday, October 7 with “Outperform”. The stock of WESCO International, Inc. (NYSE:WCC) earned “Sector Perform” rating by RBC Capital Markets on Wednesday, December 14. The firm has “Hold” rating given on Thursday, June 1 by RBC Capital Markets. The rating was upgraded by Buckingham Research to “Buy” on Tuesday, November 1. Susquehanna maintained the stock with “Neutral” rating in Thursday, April 14 report. RBC Capital Markets downgraded it to “Sector Perform” rating and $50 target in Wednesday, January 6 report. The company was initiated on Tuesday, March 22 by Sterne Agee CRT. Longbow downgraded the shares of WCC in report on Monday, December 5 to “Neutral” rating. Below is a list of WESCO International, Inc. (NYSE:WCC) latest ratings and price target changes.

10/07/2017 Broker: RBC Capital Markets Rating: Hold New Target: $72.0000 Maintain
11/07/2017 Broker: Wolfe Research Rating: Outperform New Target: $66 Initiates Coverage On
09/06/2017 Broker: Credit Suisse Rating: Buy New Target: $70.0000
07/06/2017 Broker: Oppenheimer Rating: Hold Maintain
01/06/2017 Broker: RBC Capital Markets Rating: Hold New Target: $72.0000 Maintain
02/05/2017 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Overweight Upgrade

The stock increased 1.60% or $0.9 during the last trading session, reaching $57.3. About 515,084 shares traded. WESCO International, Inc. (NYSE:WCC) has risen 13.26% since July 17, 2016 and is uptrending. It has underperformed by 3.44% the S&P500.

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 $2.79 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 28.35 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.

More notable recent WESCO International, Inc. (NYSE:WCC) news were published by: Prnewswire.com which released: “WESCO International, Inc. Announces Its Second Quarter Earnings Call and …” on June 19, 2017, also Nasdaq.com with their article: “The Zacks Analyst Blog Highlights: MSCI, TE Connectivity, WESCO International …” published on July 11, 2017, Prnewswire.com published: “WESCO International, Inc. Reports First Quarter 2017 Results” on April 27, 2017. More interesting news about WESCO International, Inc. (NYSE:WCC) were released by: Nasdaq.com and their article: “Oversold Conditions For Wesco International (WCC)” published on June 21, 2017 as well as Gurufocus.com‘s news article titled: “Vaughan Nelson Investment Management, Lp Buys Nexstar Media Group Inc, The …” with publication date: July 17, 2017.

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