Kennedy Capital Management LLC Sells 8,595 Shares of WESCO International, Inc. (NYSE:WCC)

Kennedy Capital Management LLC lessened its position in WESCO International, Inc. (NYSE:WCC - Free Report) by 11.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 63,630 shares of the technology company's stock after selling 8,595 shares during the period. Kennedy Capital Management LLC owned approximately 0.13% of WESCO International worth $11,514,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Burns Matteson Capital Management LLC bought a new stake in shares of WESCO International in the 4th quarter worth approximately $390,000. Handelsbanken Fonder AB boosted its holdings in shares of WESCO International by 167.3% during the fourth quarter. Handelsbanken Fonder AB now owns 192,182 shares of the technology company's stock worth $34,777,000 after purchasing an additional 120,289 shares during the period. Geode Capital Management LLC increased its stake in shares of WESCO International by 3.0% in the third quarter. Geode Capital Management LLC now owns 762,653 shares of the technology company's stock worth $128,143,000 after acquiring an additional 22,080 shares during the last quarter. Integrated Investment Consultants LLC purchased a new stake in shares of WESCO International during the 4th quarter worth about $278,000. Finally, MassMutual Private Wealth & Trust FSB grew its position 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 worth $2,112,000 after acquiring an additional 11,574 shares in the last quarter. 93.76% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

WCC has been the topic of several analyst reports. StockNews.com downgraded WESCO International from a "buy" rating to a "hold" rating in a report on Wednesday, February 12th. Royal Bank of Canada increased their price objective 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. KeyCorp lowered their price target on WESCO International from $245.00 to $205.00 and set an "overweight" rating on the stock in a research report on Monday, March 17th. Finally, Stephens increased their price target on WESCO International from $205.00 to $215.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, WESCO International has an average rating of "Moderate Buy" and a consensus price target of $219.43.

WESCO International Stock Down 0.5 %

NYSE:WCC traded down $0.78 during trading hours on Wednesday, reaching $149.29. The company had a trading volume of 187,936 shares, compared to its average volume of 760,216. The business's 50-day simple moving average is $166.89 and its two-hundred day simple moving average is $180.88. WESCO International, Inc. has a twelve month low of $125.21 and a twelve month high of $216.17. The company has a quick ratio of 1.27, a current ratio of 2.20 and a debt-to-equity ratio of 1.02. The firm has a market cap of $7.28 billion, a price-to-earnings ratio of 11.42, a P/E/G ratio of 1.45 and a beta of 1.83.

WESCO International (NYSE:WCC - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The technology company reported $3.16 earnings per share for the quarter, missing the consensus estimate 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 earnings per share for the current 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 dividend of $0.4538 per share. This represents a $1.82 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date was Friday, March 14th. This is a positive change from WESCO International's previous quarterly dividend of $0.41. WESCO International's dividend 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).