The time has not yet come to remove your chips from the table: WESCO International Inc. (WCC)

WESCO International Inc. (NYSE: WCC) stock jumped 4.60% on Thursday to $133.61 against a previous-day closing price of $127.73. With 0.66 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.61 million shares. During the session, the Industrial Distribution company that operates in wider Industrials sector, reached to the highest price of $133.81 whereas the lowest price it dropped to was $128.21. The 52-week range on WCC shows that it touched its highest point at $175.00 and its lowest point at $99.00 during that stretch. It currently has a 1-year price target of $185.88. With its current market cap of 6.96 billion, WCC has annualized dividend of $1.50 while the current yield stands at 1.12%. Beta for the stock currently stands at 1.96.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of WCC was down-trending over the past week, with a drop of -1.94%, but this was down by -2.42% over a month. Three-month performance dropped to -18.47% while six-month performance rose 5.09%. The stock gained 17.44% in the past year, while it has gained 6.72% so far this year. A look at the trailing 12-month EPS for WCC yields 15.63 with Next year EPS estimates of 18.72. For the next quarter, that number is 4.44. This implies an EPS growth rate of 95.50% for this year and 7.93% for next year. EPS is expected to grow by 10.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 31.30%.

Float and Shares Shorts:

At present, 51.00 million WCC shares are outstanding with a float of 37.09 million shares on hand for trading. On Apr 27, 2023, short shares totaled 1.41 million, which was 2.75% higher than short shares on Mar 30, 2023. In addition to Mr. John J. Engel as the firm’s Chairman, Pres & CEO, Mr. David S. Schulz serves as its Exec. VP & CFO.

Institutional Ownership:

Through their ownership of 95.88% of WCC’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 44.45% of WCC, in contrast to 41.51% held by mutual funds. Shares owned by individuals account for 40.50%. As the largest shareholder in WCC with 9.40% of the stake, The Vanguard Group, Inc. holds 4,801,277 shares worth 4,801,277. A second-largest stockholder of WCC, Peconic Partners LLC, holds 2,485,143 shares, controlling over 4.86% of the firm’s shares. Dimensional Fund Advisors LP is the third largest shareholder in WCC, holding 2,157,854 shares or 4.22% stake. With a 3.10% stake in WCC, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 1,584,646 shares are owned by the mutual fund manager. The Vanguard Small Cap Index Fund, which owns about 2.62% of WCC stock, is the second-largest Mutual Fund holder. It holds 1,336,905 shares valued at 192.51 million. Vanguard Small Cap Value Index Fu holds 1.84% of the stake in WCC, owning 937,919 shares worth 135.06 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, WCC reported revenue of $5.48B and operating income of $370.71M. The EBITDA in the recently reported quarter was $415.38M and diluted EPS was $3.95.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for WCC since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With WCC analysts setting a high price target of $210.00 and a low target of $170.00, the average target price over the next 12 months is $185.80. Based on these targets, WCC could surge 57.17% to reach the target high and rise by 27.24% to reach the target low. Reaching the average price target will result in a growth of 39.06% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded WCC stock several times over the past three months with 20 Buys and 10 Sells. In these transactions, 2,782 shares were bought while 17,602 shares were sold. The number of buy transactions has increased to 99 while that of sell transactions has risen to 60 over the past year. The total number of shares bought during that period was 1,284,559 while 395,637 shares were sold.

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