WESCO International
About: Wesco International is an industrial distributor that has three reportable segments, electrical and electronic solutions, communications and security solutions, and utility and broadband solutions. The company offers more than 1.5 million products to its 140,000 active customers through a distribution network of 800 branches, warehouses, and sales offices, including 43 distribution centers. Wesco generates approximately 74% of its sales in the United States, but it has a global reach, with operations in 50 other countries.
Employees: 20,000
0
Funds holding %
of 6,823 funds
0
Analysts bullish %
of 6 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
477% more call options, than puts
Call options by funds: $598M | Put options by funds: $104M
49% more first-time investments, than exits
New positions opened: 76 | Existing positions closed: 51
4% more funds holding
Funds holding: 475 [Q2] → 494 (+19) [Q3]
7% more repeat investments, than reductions
Existing positions increased: 183 | Existing positions reduced: 171
1% less capital invested
Capital invested by funds: $7.8B [Q2] → $7.71B (-$90.7M) [Q3]
6.62% less ownership
Funds ownership: 96.9% [Q2] → 90.29% (-6.62%) [Q3]
23% less funds holding in top 10
Funds holding in top 10: 13 [Q2] → 10 (-3) [Q3]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$199
4%
upside
Avg. target
$224
17%
upside
High target
$245
28%
upside
6 analyst ratings
5 positive
83%
1 neutral
17%
0 negative
0%
Keybanc Ken Newman 53% 1-year accuracy 9 / 17 met price target | 28%upside $245 | Overweight Maintained | 9 Dec 2024 |
Jefferies Stephen Volkmann 27% 1-year accuracy 3 / 11 met price target | 28%upside $245 | Buy Maintained | 6 Dec 2024 |
Stephens & Co. Tommy Moll 86% 1-year accuracy 18 / 21 met price target | 7%upside $205 | Overweight Maintained | 5 Nov 2024 |
RBC Capital Deane Dray 48% 1-year accuracy 30 / 62 met price target | 4%upside $199 | Sector Perform Maintained | 1 Nov 2024 |
Oppenheimer Christopher Glynn 63% 1-year accuracy 17 / 27 met price target | 17%upside $225 | Outperform Maintained | 1 Nov 2024 |
Financial journalist opinion
Neutral
PRNewsWire
1 month ago
Wesco International Finalizes Purchase of Ascent, a Premier Provider of Data Center Facility Management Services
PITTSBURGH , Dec. 6, 2024 /PRNewswire/ -- Wesco International (NYSE: WCC) today announced it has completed its purchase of Ascent, a privately held company headquartered in St. Louis, Missouri and a premier provider of data center facility management services. Wesco previously announced its plan to acquire Ascent on October 31.
Neutral
GlobeNewsWire
1 month ago
WESCO International Tech Activities Company Profile 2024 - Digital Transformation Strategies and Innovation Programs
Dublin, Dec. 04, 2024 (GLOBE NEWSWIRE) -- The "Enterprise Tech Ecosystem Series: WESCO, International, Inc. - 2024" company profile has been added to ResearchAndMarkets.com's offering.
Neutral
PRNewsWire
1 month ago
Wesco Declares Quarterly Dividend on Common Stock and Preferred Stock
PITTSBURGH , Dec. 2, 2024 /PRNewswire/ -- The Board of Directors of Wesco International (NYSE: WCC) today declared a quarterly cash dividend on all of the issued and outstanding shares of common stock, in an amount equal to $0.4125 per share. The dividend is payable on December 31, 2024 to the holders of record of the common stock at the close of business on December 13, 2024.
Positive
Zacks Investment Research
2 months ago
WESCO Q3 Earnings & Revenues Beat Estimates: Buy, Sell, or Hold Stock?
WCC's third-quarter 2024 results reflect challenges in the EES and UBS segments. Robust data center growth and new contracts are tailwinds.
Neutral
Seeking Alpha
2 months ago
WESCO International, Inc. (WCC) Q3 2024 Earnings Call Transcript
WESCO International, Inc. (NYSE:WCC ) Q3 2024 Earnings Conference Call October 31, 2024 10:00 AM ET Company Participants Scott Gaffner – Senior Vice President-Investor Relations John Engel – President and Chief Executive Officer Dave Schulz – Executive Vice President and Chief Financial Officer Conference Call Participants Nigel Coe – Wolfe Research Sam Darkatsh – Raymond James David Manthey – Baird Deane Dray – RBC Capital Markets Christopher Glynn – Oppenheimer Ken Newman – KeyBanc Capital Markets Patrick Baumann – JPMorgan Operator Hello, and welcome to WESCO's 2024 Third Quarter Earnings Call. I'd like to remind you that all lines are in a listen-only mode throughout the presentation.
Neutral
PRNewsWire
2 months ago
Wesco International Announces Agreement to Acquire Ascent, a Premier Provider of Data Center Facility Management Services
PITTSBURGH , Oct. 31, 2024 /PRNewswire/ -- Wesco International (NYSE:WCC) today announced it has entered a definitive agreement to acquire Ascent LLC., a privately held company headquartered in St. Louis, Missouri and a premier provider of data center facility management services for a cash-free, debt-free purchase price of $185 million.
Neutral
Zacks Investment Research
2 months ago
Wesco International (WCC) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
While the top- and bottom-line numbers for Wesco International (WCC) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Positive
Zacks Investment Research
2 months ago
Wesco International (WCC) Beats Q3 Earnings and Revenue Estimates
Wesco International (WCC) came out with quarterly earnings of $3.58 per share, beating the Zacks Consensus Estimate of $3.22 per share. This compares to earnings of $4.49 per share a year ago.
Neutral
PRNewsWire
2 months ago
Wesco International Reports Third Quarter 2024 Results
Third quarter reported net sales down 2.7% YOY due primarily to the Wesco Integrated Supply divestiture Organic sales down 0.6% YOY and up 0.1% sequentially Third quarter operating profit of $336 million; operating margin of 6.1% Gross margin of 22.1%, up 50 basis points YOY and up 20 basis points sequentially Adjusted EBITDA margin of 7.3%, down 80 basis points YOY and flat sequentially Operating cash flow of $302 million in the third quarter and $825 million for the first nine months of 2024, up from $424 million in the first nine months of 2023 Reaffirming full-year outlook PITTSBURGH , Oct. 31, 2024 /PRNewswire/ -- Wesco International (NYSE: WCC), a leading provider of business-to-business distribution, logistics services and supply chain solutions, announces its results for the third quarter of 2024. "We had a strong close to our third quarter, with sales slightly up compared to the second quarter driven by accelerating momentum in our Communications and Security Solutions segment, including double-digit sales growth in our global data center business.
Negative
Zacks Investment Research
2 months ago
Analysts Estimate Wesco International (WCC) to Report a Decline in Earnings: What to Look Out for
Wesco International (WCC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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