Diamond Hill Capital Management Inc. Sells 210,823 Shares of WESCO International, Inc. (NYSE:WCC)

Diamond Hill Capital Management Inc. decreased its position in WESCO International, Inc. (NYSE:WCC - Free Report) by 16.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,069,718 shares of the technology company's stock after selling 210,823 shares during the quarter. Diamond Hill Capital Management Inc. owned about 2.18% of WESCO International worth $193,576,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. V Square Quantitative Management LLC lifted 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 valued at $43,000 after buying an additional 67 shares during the period. GAMMA Investing LLC lifted its holdings in shares of WESCO International by 25.0% in 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 period. Dorsey & Whitney Trust CO LLC purchased a new stake in shares of WESCO International during the fourth quarter valued at $204,000. Integrated Investment Consultants LLC purchased a new stake in shares of WESCO International during the fourth quarter valued at $278,000. Finally, Burns Matteson Capital Management LLC purchased a new stake in shares of WESCO International during the fourth quarter valued at $390,000. Institutional investors and hedge funds own 93.76% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. StockNews.com downgraded WESCO International from a "buy" rating to a "hold" rating in a report on Wednesday, February 12th. Stephens upped their target price on WESCO International from $205.00 to $215.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Jefferies Financial Group upped their target price on WESCO International from $225.00 to $245.00 and gave the company a "buy" rating in a report on Friday, December 6th. KeyCorp reduced their target price on WESCO International from $245.00 to $205.00 and set an "overweight" rating for the company in a report on Monday. Finally, Royal Bank of Canada upped their price target 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. Two 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, WESCO International currently has an average rating of "Moderate Buy" and an average price target of $219.43.

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WESCO International Stock Down 1.3 %

WCC stock traded down $2.09 during mid-day trading on Tuesday, hitting $161.50. The stock had a trading volume of 724,932 shares, compared to its average volume of 712,494. The company has a current ratio of 2.20, a quick ratio of 1.27 and a debt-to-equity ratio of 1.02. WESCO International, Inc. has a 1-year low of $143.06 and a 1-year high of $216.17. The company has a fifty day moving average of $182.61 and a 200 day moving average of $182.47. The stock has a market capitalization of $7.88 billion, a price-to-earnings ratio of 12.36, a PEG ratio of 1.45 and a beta of 2.00.

WESCO International (NYSE:WCC - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The technology company reported $3.16 EPS for the quarter, missing analysts' consensus estimates of $3.23 by ($0.07). WESCO International had a net margin of 3.29% and a return on equity of 13.63%. On average, equities analysts expect that WESCO International, Inc. will post 13.3 EPS for the current fiscal year.

WESCO International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.4538 per share. This is a positive change from WESCO International's previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 1.12%. WESCO International's dividend payout ratio is currently 13.85%.

WESCO International 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).