Entropy Technologies LP Lowers Position in WESCO International, Inc. (NYSE:WCC)

Entropy Technologies LP cut its stake in shares of WESCO International, Inc. (NYSE:WCC - Free Report) by 43.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,030 shares of the technology company's stock after selling 2,357 shares during the quarter. Entropy Technologies LP's holdings in WESCO International were worth $548,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. V Square Quantitative Management LLC purchased a new stake in WESCO International in the 3rd quarter worth approximately $28,000. GAMMA Investing LLC lifted its holdings in WESCO International by 25.0% in the 4th quarter. GAMMA Investing LLC now owns 375 shares of the technology company's stock worth $68,000 after buying an additional 75 shares during the period. Highland Capital Management LLC purchased a new stake in WESCO International in the 3rd quarter worth approximately $221,000. Innealta Capital LLC lifted its holdings in WESCO International by 68.0% in the 3rd quarter. Innealta Capital LLC now owns 1,606 shares of the technology company's stock worth $270,000 after buying an additional 650 shares during the period. Finally, Integrated Investment Consultants LLC purchased a new stake in WESCO International in the 4th quarter worth approximately $278,000. 93.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. StockNews.com cut WESCO International from a "buy" rating to a "hold" rating in a report on Wednesday. KeyCorp increased their target price on WESCO International from $225.00 to $245.00 and gave the stock an "overweight" rating in a research report on Monday, December 9th. Robert W. Baird increased their target price on WESCO International from $215.00 to $223.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Stephens increased their target price on WESCO International from $190.00 to $205.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 5th. Finally, Jefferies Financial Group increased their target price on WESCO International from $225.00 to $245.00 and gave the stock a "buy" rating in a research report on Friday, December 6th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $217.63.

WESCO International Stock Up 1.6 %

WCC stock traded up $3.17 on Friday, reaching $196.84. 467,525 shares of the company traded hands, compared to its average volume of 561,363. WESCO International, Inc. has a one year low of $141.02 and a one year high of $216.17. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.21 and a quick ratio of 1.29. The company has a market cap of $9.65 billion, a P/E ratio of 15.76, a price-to-earnings-growth ratio of 1.34 and a beta of 2.01. The firm has a fifty day simple moving average of $186.64 and a 200-day simple moving average of $180.02.

WESCO International (NYSE:WCC - Get Free Report) last posted its earnings results 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 return on equity of 13.19% and a net margin of 3.19%. Research analysts anticipate that WESCO International, Inc. will post 12.3 earnings per share for the current year.

WESCO International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a $0.4125 dividend. This represents a $1.65 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend was Friday, December 13th. WESCO International's payout ratio is 12.62%.

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).