WESCO International, Inc. (NYSE:WCC) Shares Sold by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC lowered its position in WESCO International, Inc. (NYSE:WCC - Free Report) by 2.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 113,325 shares of the technology company's stock after selling 3,123 shares during the period. CIBC Private Wealth Group LLC owned approximately 0.23% of WESCO International worth $20,787,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of WCC. V Square Quantitative Management LLC grew its holdings in shares of WESCO International by 39.9% in the fourth quarter. V Square Quantitative Management LLC now owns 235 shares of the technology company's stock worth $43,000 after purchasing an additional 67 shares during the last quarter. GAMMA Investing LLC boosted its position in WESCO International by 25.0% in the 4th 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 period. Whittier Trust Co. of Nevada Inc. grew its stake in WESCO International by 43.5% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 267 shares of the technology company's stock worth $48,000 after acquiring an additional 81 shares in the last quarter. MetLife Investment Management LLC increased its position in shares of WESCO International by 0.4% during the third quarter. MetLife Investment Management LLC now owns 23,102 shares of the technology company's stock worth $3,881,000 after acquiring an additional 85 shares during the period. Finally, Van ECK Associates Corp raised its stake in shares of WESCO International by 1.7% during the fourth quarter. Van ECK Associates Corp now owns 30,178 shares of the technology company's stock valued at $5,461,000 after acquiring an additional 512 shares in the last quarter. Hedge funds and other institutional investors own 93.76% of the company's stock.

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Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Royal Bank of Canada lifted their target price on WESCO International from $212.00 to $213.00 and gave the company a "sector perform" rating in a research report on Wednesday, February 12th. Jefferies Financial Group boosted their price target on shares of WESCO International from $225.00 to $245.00 and gave the company a "buy" rating in a report on Friday, December 6th. KeyCorp dropped 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 note on Monday, March 17th. StockNews.com downgraded shares of WESCO International from a "buy" rating to a "hold" rating in a report on Wednesday, February 12th. Finally, Stephens upped their price target on WESCO International from $205.00 to $215.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $219.43.

WESCO International Stock Performance

Shares of NYSE WCC traded down $7.75 during midday trading on Friday, reaching $135.97. 1,847,869 shares of the stock were exchanged, compared to its average volume of 750,082. The company has a quick ratio of 1.27, a current ratio of 2.20 and a debt-to-equity ratio of 1.02. The firm has a market cap of $6.63 billion, a price-to-earnings ratio of 10.40, a PEG ratio of 1.45 and a beta of 1.83. The firm has a 50-day simple moving average of $174.02 and a two-hundred day simple moving average of $182.45. WESCO International, Inc. has a twelve month low of $129.26 and a twelve month high of $216.17.

WESCO International (NYSE:WCC - Get Free Report) last released 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 net margin of 3.29% and a return on equity of 13.63%. As a group, analysts anticipate that WESCO International, Inc. will post 13.3 EPS for the current fiscal year.

WESCO International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $0.4538 per share. The ex-dividend date was Friday, March 14th. This represents a $1.82 dividend on an annualized basis and a yield of 1.33%. This is an increase from WESCO International's previous quarterly dividend of $0.41. WESCO International's dividend payout ratio is currently 13.85%.

WESCO International Company Profile

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).