US Bancorp DE Downsizes WESCO International Stock Holdings
January 30, 2023
Trending News 🌥️
US Bancorp DE recently announced a reduction in their stock holdings in WESCO ($NYSE:WCC) International, Inc. WESCO is a leading provider of electrical, industrial, and communication maintenance, repair, and operating supplies in the US and Canada. The company also provides construction materials and supply chain services to contractors, industrial companies, and utilities. The company provides an extensive portfolio of products and services to customers throughout the US and Canada, including lighting, electrical, plumbing, HVAC, tools and hardware, safety products, and more.
However, US Bancorp DE recently announced that it had reduced its stock holdings in the company by approximately 4%. Although the exact reasons for the move are unknown, it could be related to the uncertain economic outlook and the potential impact on WESCO’s business. Overall, WESCO International Inc. remains a strong player in the industrial supplies market and is well-positioned for future growth. Despite the recent sell-off by US Bancorp DE, many investors remain bullish on the company’s future prospects. As such, investors should keep an eye on WESCO’s stock price and performance as it moves forward.
Price History
On Monday, news regarding US Bancorp DE’s downsizing of their stock holdings in WESCO International, Inc. was mixed. Despite this, the stock of WESCO International still managed to open at $137.5 and close at $138.0, up 1.4% from the prior closing price of 136.1. Investors appear to be taking a wait-and-see approach to the news, as the stock has been relatively stable since the announcement. Analysts have also been monitoring the situation, as the news could potentially affect WESCO International’s future performance.
However, most analysts believe that the stock is likely to remain steady in the near future, given the current market conditions and the company’s track record of financial success. It remains to be seen if US Bancorp DE’s decision to downsize their holdings of WESCO International will have any long-term effects on the stock. For now, investors appear to be content with the current state of affairs and are choosing to focus on the company’s strong fundamentals. With the stock currently trading at a healthy price and the company’s recent success in the market, it appears that WESCO International is well positioned for continued growth in the coming months. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Wesco International. More…
| Total Revenues | Net Income | Net Margin |
| 20.71k | 751.56 | 2.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Wesco International. More…
| Operations | Investing | Financing |
| -340.19 | 2.54 | -310.78 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Wesco International. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 13.86k | 9.75k | 81.17 |
Key Ratios Snapshot
Some of the financial key ratios for Wesco International are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 35.8% | 53.5% | 4.4% |
| FCF Margin | ROE | ROA |
| -2.0% | 19.2% | 5.7% |
VI Analysis
Investors interested in WESCO INTERNATIONAL should consider the company’s fundamentals in order to assess its long term potential. The VI Star Chart analysis of the company reveals a high health score of 8/10 with regard to its cashflows and debt, indicating that it is well equipped to ride out any crisis without the risk of bankruptcy. WESCO INTERNATIONAL is strong in growth, medium in asset, profitability and weak in dividend. The company is classified as ‘cheetah’ due to its high revenue or earnings growth but is considered less stable due to lower profitability. Investors looking for a long-term investment should consider the company’s current health and stability, as well as its ability to grow in the future. Investors should also be mindful of the risks associated with a company that has a lower level of profitability and weaker dividend yield. It is important to do thorough research and keep up-to-date with any changes in the market and the company’s performance. This will help investors make informed decisions when investing in WESCO INTERNATIONAL. More…
VI Peers
The Company’s primary competitors are Fastenal Co, MSC Industrial Direct Co Inc, and Addtech AB.
– Fastenal Co ($NASDAQ:FAST)
The company’s market cap is $27.97B as of 2022 and its ROE is 28.04%. The company is engaged in the distribution of industrial and construction supplies.
– MSC Industrial Direct Co Inc ($NYSE:MSM)
MSC Industrial Direct Co, Inc. engages in the distribution of metalworking and maintenance, repair, and operations (MRO) products and services. It operates through the following segments: Metalworking Solutions Group, MRO Solutions Group, and Fluid Power & Automation Solutions Group. The Metalworking Solutions Group segment offers cutting tools, measuring instruments, tooling components, abrasives, and machine tools. The MRO Solutions Group segment comprises of products used to maintain, repair, and operate facilities and equipment. The Fluid Power & Automation Solutions Group segment provides fluid power components and systems, and automation and control products. The company was founded by Martin Schwartz in 1941 and is headquartered in Melville, NY.
MSC Industrial Direct Co Inc has a market cap of 4.71B as of 2022 and a Return on Equity of 22.14%. The company engages in the distribution of metalworking and maintenance, repair, and operations (MRO) products and services. It operates through the following segments: Metalworking Solutions Group, MRO Solutions Group, and Fluid Power & Automation Solutions Group. The Metalworking Solutions Group segment offers cutting tools, measuring instruments, tooling components, abrasives, and machine tools. The MRO Solutions Group segment comprises of products used to maintain, repair, and operate facilities and equipment. The Fluid Power & Automation Solutions Group segment provides fluid power components and systems, and automation and control products.
– Addtech AB ($LTS:0QI7)
Addtech AB is a Swedish company that provides technology solutions for industrial customers. The company has a market cap of 36 billion as of 2022 and a return on equity of 28.17%. Addtech’s solutions include products and services for automation, motion control, and fluid power. The company operates in four segments: Automation, Motion, Fluid Power, and Industrial Supplies. Addtech employs approximately 3,700 people and has sales offices in Europe, North America, and Asia.
Summary
Investing in WESCO International can be a risky proposition, as the current news is mixed. US Bancorp DE recently downsized its stock holdings in WESCO International, indicating a potential decline in the company’s future performance. It is important for investors to do their due diligence and research the stock before investing, as it could be subject to volatility.
Pay attention to news from analysts and the company itself, as well as keeping an eye on the stock’s performance to help make an informed decision. Ultimately, it may be best to invest cautiously and diversify investments to minimize risk.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
