WESCO International, Inc. (NYSE:WCC) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC trimmed its position in shares of WESCO International, Inc. (NYSE:WCC - Free Report) by 1.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 755,107 shares of the technology company's stock after selling 7,546 shares during the quarter. Geode Capital Management LLC owned about 1.54% of WESCO International worth $136,687,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. V Square Quantitative Management LLC lifted its position in 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 acquiring an additional 67 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of WESCO International by 43.5% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 267 shares of the technology company's stock valued at $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% in the 4th quarter. GAMMA Investing LLC now owns 375 shares of the technology company's stock worth $68,000 after purchasing an additional 75 shares in the last quarter. Millstone Evans Group LLC purchased a new position in WESCO International during the 4th quarter worth $122,000. Finally, Dorsey & Whitney Trust CO LLC acquired a new position in WESCO International during the 4th quarter valued at about $204,000. 93.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on WCC shares. StockNews.com downgraded WESCO International from a "buy" rating to a "hold" rating in a report on Wednesday, February 12th. KeyCorp dropped their target price 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 raised their price target on shares of WESCO International from $205.00 to $215.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Finally, Royal Bank of Canada boosted their price objective on shares of WESCO International from $212.00 to $213.00 and gave the company a "sector perform" rating in a report on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, WESCO International has a consensus rating of "Moderate Buy" and a consensus price target of $219.43.

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WESCO International Stock Performance

NYSE:WCC traded up $1.64 during mid-day trading on Friday, hitting $148.48. The company's stock had a trading volume of 924,649 shares, compared to its average volume of 763,573. The business's fifty day moving average is $168.37 and its two-hundred day moving average is $181.19. The stock has a market cap of $7.25 billion, a price-to-earnings ratio of 11.36, a PEG ratio of 1.45 and a beta of 1.83. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.20 and a quick ratio of 1.27. WESCO International, Inc. has a 1 year low of $125.21 and a 1 year high of $216.17.

WESCO International (NYSE:WCC - Get Free Report) last issued 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 13.63% and a net margin of 3.29%. Analysts anticipate that WESCO International, Inc. will post 13.3 EPS for the current fiscal year.

WESCO International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $0.4538 per share. This represents a $1.82 annualized dividend and a dividend yield of 1.22%. This is a positive change from WESCO International's previous quarterly dividend of $0.41. The ex-dividend date was Friday, March 14th. WESCO International's payout ratio is 13.85%.

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).