Jaffetilchin Investment Partners LLC Invests $1.09 Million in WESCO International, Inc. (NYSE:WCC)

Jaffetilchin Investment Partners LLC bought a new stake in shares of WESCO International, Inc. (NYSE:WCC - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 6,045 shares of the technology company's stock, valued at approximately $1,094,000.

Several other large investors have also recently made changes to their positions in WCC. V Square Quantitative Management LLC grew its holdings in shares of WESCO International by 39.9% during the fourth quarter. V Square Quantitative Management LLC now owns 235 shares of the technology company's stock valued at $43,000 after buying an additional 67 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in shares of WESCO International by 43.5% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 267 shares of the technology company's stock worth $48,000 after purchasing an additional 81 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of WESCO International by 25.0% during the fourth quarter. GAMMA Investing LLC now owns 375 shares of the technology company's stock valued at $68,000 after buying an additional 75 shares during the last quarter. Millstone Evans Group LLC purchased a new position in WESCO International in the 4th quarter worth about $122,000. Finally, Dorsey & Whitney Trust CO LLC bought a new position in WESCO International during the 4th quarter valued at about $204,000. 93.76% of the stock is currently owned by hedge funds and other institutional investors.

WESCO International Price Performance

Shares of WCC stock traded down $0.17 on Tuesday, hitting $149.97. 341,803 shares of the stock traded hands, compared to its average volume of 762,139. WESCO International, Inc. has a 52 week low of $125.21 and a 52 week high of $216.17. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.20 and a quick ratio of 1.27. The firm has a market cap of $7.32 billion, a price-to-earnings ratio of 11.47, a PEG ratio of 1.45 and a beta of 1.83. The firm has a 50 day simple moving average of $166.89 and a two-hundred day simple moving average of $180.88.

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WESCO International (NYSE:WCC - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The technology company reported $3.16 EPS for the quarter, missing the consensus estimate of $3.23 by ($0.07). WESCO International had a return on equity of 13.63% and a net margin of 3.29%. As a group, equities research analysts predict that WESCO International, Inc. will post 13.3 earnings per share for the current fiscal year.

WESCO International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a $0.4538 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.82 annualized dividend and a yield of 1.21%. This is a positive change from WESCO International's previous quarterly dividend of $0.41. WESCO International's dividend payout ratio (DPR) is currently 13.85%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on WCC. KeyCorp lowered their price objective on shares of WESCO International from $245.00 to $205.00 and set an "overweight" rating on the stock in a research report on Monday, March 17th. Stephens lifted their price objective on WESCO International from $205.00 to $215.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Royal Bank of Canada raised their target price on WESCO International from $212.00 to $213.00 and gave the stock a "sector perform" rating in a research report on Wednesday, February 12th. Finally, StockNews.com cut shares of WESCO International from a "buy" rating to a "hold" rating in a research note on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $219.43.

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).