Burns Matteson Capital Management LLC Invests $390,000 in WESCO International, Inc. (NYSE:WCC)

Burns Matteson Capital Management LLC bought a new position in WESCO International, Inc. (NYSE:WCC - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,154 shares of the technology company's stock, valued at approximately $390,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Thompson Siegel & Walmsley LLC boosted its position in shares of WESCO International by 341.8% in the third quarter. Thompson Siegel & Walmsley LLC now owns 258,486 shares of the technology company's stock worth $43,420,000 after buying an additional 199,975 shares during the period. Harbor Capital Advisors Inc. boosted its position in shares of WESCO International by 142.8% in the third quarter. Harbor Capital Advisors Inc. now owns 30,063 shares of the technology company's stock worth $5,050,000 after buying an additional 17,682 shares during the period. Geode Capital Management LLC boosted its position in shares of WESCO International by 3.0% in the third quarter. Geode Capital Management LLC now owns 762,653 shares of the technology company's stock worth $128,143,000 after buying an additional 22,080 shares during the period. EMC Capital Management lifted its stake in shares of WESCO International by 580.8% in the third quarter. EMC Capital Management now owns 16,094 shares of the technology company's stock worth $2,703,000 after acquiring an additional 13,730 shares in the last quarter. Finally, Integrated Investment Consultants LLC acquired a new position in shares of WESCO International in the fourth quarter worth about $278,000. Hedge funds and other institutional investors own 93.76% of the company's stock.

Analyst Upgrades and Downgrades

WCC has been the subject of a number of recent analyst reports. Oppenheimer increased their price objective on WESCO International from $205.00 to $225.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. KeyCorp increased their price objective on WESCO International from $225.00 to $245.00 and gave the stock an "overweight" rating in a report on Monday, December 9th. StockNews.com lowered WESCO International from a "buy" rating to a "hold" rating in a report on Wednesday. Baird R W raised WESCO International from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 16th. Finally, Jefferies Financial Group increased their price objective on WESCO International from $225.00 to $245.00 and gave the stock a "buy" rating in a report on Friday, December 6th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, WESCO International presently has a consensus rating of "Moderate Buy" and an average target price of $217.63.

WESCO International Price Performance

NYSE WCC traded up $0.31 on Thursday, reaching $193.63. 822,049 shares of the stock traded hands, compared to its average volume of 701,940. The firm's fifty day simple moving average is $186.84 and its 200 day simple moving average is $179.75. The company has a quick ratio of 1.29, a current ratio of 2.21 and a debt-to-equity ratio of 0.99. The company has a market cap of $9.49 billion, a price-to-earnings ratio of 15.50, a P/E/G ratio of 1.34 and a beta of 2.01. WESCO International, Inc. has a 12 month low of $138.67 and a 12 month high of $216.17.

WESCO International (NYSE:WCC - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The technology company reported $3.16 earnings per share for the quarter, missing the consensus estimate of $3.23 by ($0.07). WESCO International had a return on equity of 13.19% and a net margin of 3.19%. As a group, research analysts predict that WESCO International, Inc. will post 12.3 EPS for the current fiscal year.

WESCO International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a dividend of $0.4125 per share. This represents a $1.65 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend was Friday, December 13th. WESCO International's dividend payout ratio is presently 13.21%.

About WESCO International

WESCO International, Inc provides business-to-business distribution, logistics services, and supply chain solutions in the United States, Canada, and internationally. It operates through three segments: Electrical & Electronic Solutions (EES), Communications & Security Solutions (CSS), and Utility and Broadband Solutions (UBS).