Harbor Capital Advisors Inc. Has $1.97 Million Position in WESCO International, Inc. (NYSE:WCC)

Harbor Capital Advisors Inc. decreased its position in WESCO International, Inc. (NYSE:WCC - Free Report) by 63.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,908 shares of the technology company's stock after selling 19,155 shares during the period. Harbor Capital Advisors Inc.'s holdings in WESCO International were worth $1,974,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in WCC. Thompson Siegel & Walmsley LLC lifted its position in WESCO International by 341.8% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 258,486 shares of the technology company's stock valued at $43,420,000 after purchasing an additional 199,975 shares during the period. Geode Capital Management LLC lifted its holdings in WESCO International by 3.0% in the third quarter. Geode Capital Management LLC now owns 762,653 shares of the technology company's stock valued at $128,143,000 after buying an additional 22,080 shares during the period. Clearbridge Investments LLC acquired a new position in WESCO International in the second quarter valued at approximately $52,782,000. Heritage Wealth Management Inc. bought a new position in WESCO International in the second quarter valued at approximately $723,000. Finally, EMC Capital Management grew its holdings in WESCO International by 580.8% during the 3rd quarter. EMC Capital Management now owns 16,094 shares of the technology company's stock worth $2,703,000 after acquiring an additional 13,730 shares during the period. Institutional investors own 93.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on WCC shares. Baird R W raised WESCO International from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 16th. Royal Bank of Canada increased their target price on WESCO International from $186.00 to $199.00 and gave the company a "sector perform" rating in a research note on Friday, November 1st. Robert W. Baird boosted 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. Loop Capital upped their price target on WESCO International from $190.00 to $210.00 and gave the company a "buy" rating in a research note on Friday, September 27th. Finally, KeyCorp lifted their price objective on shares of WESCO International from $225.00 to $245.00 and gave the stock an "overweight" rating in a research note on Monday, December 9th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $215.88.

Insider Transactions at WESCO International

In other WESCO International news, EVP William Clayton Geary sold 2,829 shares of the business's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $205.73, for a total transaction of $582,010.17. Following the sale, the executive vice president now directly owns 35,063 shares of the company's stock, valued at $7,213,510.99. The trade was a 7.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Nelson John Squires III sold 10,000 shares of the stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $190.00, for a total transaction of $1,900,000.00. Following the transaction, the executive vice president now owns 54,621 shares of the company's stock, valued at approximately $10,377,990. This represents a 15.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,767 shares of company stock valued at $5,567,454 over the last three months. Company insiders own 3.10% of the company's stock.

WESCO International Stock Down 2.7 %

Shares of WCC traded down $4.99 on Friday, hitting $178.44. The company's stock had a trading volume of 504,942 shares, compared to its average volume of 539,590. The company has a quick ratio of 1.29, a current ratio of 2.21 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $8.74 billion, a price-to-earnings ratio of 14.29, a P/E/G ratio of 1.55 and a beta of 2.02. The firm's fifty day moving average price is $195.14 and its 200-day moving average price is $175.87. WESCO International, Inc. has a fifty-two week low of $132.37 and a fifty-two week high of $216.17.

WESCO International (NYSE:WCC - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The technology company reported $3.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.36. WESCO International had a net margin of 3.19% and a return on equity of 13.19%. The company had revenue of $5.49 billion during the quarter, compared to the consensus estimate of $5.46 billion. During the same quarter in the prior year, the firm earned $4.49 earnings per share. The firm's revenue was down 2.7% compared to the same quarter last year. On average, equities research analysts expect that WESCO International, Inc. will post 12.3 EPS for the current year.

WESCO International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a $0.4125 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 0.92%. WESCO International's dividend payout ratio (DPR) is 13.21%.

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).