In a recent transaction, Matthew S. Kulasa, the Senior Vice President, Corporate Controller, and Chief Accounting Officer of Wesco International Inc. (NYSE:WCC), sold 474 shares of the company's common stock. The sale was executed at a price of $191.69 per share, resulting in a total transaction value of $90,861.46.
The transaction took place on May 24, 2024, and was disclosed in a regulatory filing with the Securities and Exchange Commission on May 29, 2024. Following this sale, Kulasa's direct holdings in Wesco International Inc. amounted to 3,554.7690 shares of common stock.
Wesco International Inc., headquartered in Pittsburgh, Pennsylvania, operates as a wholesale distributor of electrical apparatus and equipment, as well as wiring supplies. The company's stock is publicly traded on the New York Stock Exchange under the ticker symbol WCC.
Investors often monitor the buying and selling activities of company insiders such as executives and directors to gain insights into a company's financial health and future prospects. The sale of shares by an insider may be for various personal or financial reasons and does not necessarily indicate a change in the company's performance or outlook.
The details of the transaction, including the number of shares sold and the price per share, provide investors with a glimpse into insider transactions at Wesco International Inc. This information is part of the public record and can be used as one of many factors in making informed investment decisions.
InvestingPro Insights
With the recent insider transaction at Wesco International Inc. (NYSE:WCC), investors are keenly observing the company's financial metrics and market performance. According to real-time data from InvestingPro, Wesco International boasts a market capitalization of $9.43 billion, underlining its considerable size within the Trading Companies & Distributors industry. The company's P/E ratio stands at a reasonable 14.42, with an adjusted P/E ratio for the last twelve months as of Q1 2024 at 13.37, suggesting a potentially attractive valuation relative to earnings.
InvestingPro Tips highlight that despite the insider sale, Wesco International is recognized as a prominent player in its industry, and its stock has demonstrated strong returns over the last three months, with an impressive 18.6% total return. This performance is part of a consistent pattern, as the company has also delivered a robust return over the last five years. Additionally, analysts predict Wesco International will be profitable this year, a sentiment supported by the company's profitability over the last twelve months.
For investors seeking more in-depth analysis, there are additional InvestingPro Tips available for Wesco International Inc. on https://www.investing.com/pro/WCC. These tips can provide further guidance on the company's stock price volatility and liquidity position. To access these exclusive insights, use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, offering a comprehensive understanding of Wesco's market position and future outlook.
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