Keeley Teton Advisors LLC Reduces Stock Position in WESCO International, Inc. (NYSE:WCC)

Keeley Teton Advisors LLC reduced its position in WESCO International, Inc. (NYSE:WCC - Free Report) by 46.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,691 shares of the technology company's stock after selling 6,578 shares during the period. Keeley Teton Advisors LLC's holdings in WESCO International were worth $1,392,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Burns Matteson Capital Management LLC purchased a new position in WESCO International during the fourth quarter worth about $390,000. Handelsbanken Fonder AB lifted its stake in shares of WESCO International by 167.3% in the fourth quarter. Handelsbanken Fonder AB now owns 192,182 shares of the technology company's stock worth $34,777,000 after acquiring an additional 120,289 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of WESCO International by 3.0% during the 3rd 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 last quarter. Integrated Investment Consultants LLC acquired a new position in WESCO International during the 4th quarter worth $278,000. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in WESCO International by 12,056.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 11,670 shares of the technology company's stock valued at $2,112,000 after buying an additional 11,574 shares during the last quarter. 93.76% of the stock is currently owned by hedge funds and other institutional investors.

WESCO International Stock Performance

NYSE:WCC traded up $2.89 during mid-day trading on Friday, hitting $150.80. 871,706 shares of the stock were exchanged, compared to its average volume of 765,645. WESCO International, Inc. has a fifty-two week low of $125.21 and a fifty-two week high of $216.17. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.27 and a current ratio of 2.20. The stock has a market capitalization of $7.36 billion, a price-to-earnings ratio of 11.54, a price-to-earnings-growth ratio of 1.45 and a beta of 1.83. The firm's 50-day simple moving average is $164.69 and its 200 day simple moving average is $180.43.

WESCO International (NYSE:WCC - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The technology company reported $3.16 earnings per share (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%. As a group, equities analysts anticipate 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 was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $0.4538 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.82 annualized dividend and a dividend yield of 1.20%. This is a positive change from WESCO International's previous quarterly dividend of $0.41. WESCO International's payout ratio is currently 13.85%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. StockNews.com cut shares of WESCO International from a "buy" rating to a "hold" rating in a report on Wednesday, February 12th. Royal Bank of Canada increased their target price on shares of WESCO International from $212.00 to $213.00 and gave the company a "sector perform" rating in a research note on Wednesday, February 12th. Stephens boosted their price objective on WESCO International from $205.00 to $215.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Finally, KeyCorp decreased their price objective on WESCO International from $245.00 to $205.00 and set an "overweight" rating for the company in a research report on Monday, March 17th. 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $219.43.

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).