KLP Kapitalforvaltning AS Buys New Position in WESCO International, Inc. (NYSE:WCC)

KLP Kapitalforvaltning AS purchased a new stake in shares of WESCO International, Inc. (NYSE:WCC - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 11,386 shares of the technology company's stock, valued at approximately $2,060,000.

A number of other large investors have also recently bought and sold shares of WCC. V Square Quantitative Management LLC lifted its holdings in shares of WESCO International by 39.9% in the 4th quarter. V Square Quantitative Management LLC now owns 235 shares of the technology company's stock valued at $43,000 after buying an additional 67 shares during the period. 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 valued at $68,000 after purchasing an additional 75 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of WESCO International by 43.5% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 267 shares of the technology company's stock worth $48,000 after buying an additional 81 shares in the last quarter. MetLife Investment Management LLC grew its stake in WESCO International by 0.4% during the 3rd quarter. MetLife Investment Management LLC now owns 23,102 shares of the technology company's stock valued at $3,881,000 after acquiring an additional 85 shares in the last quarter. Finally, Van ECK Associates Corp raised its holdings in WESCO International by 1.7% in the 4th quarter. Van ECK Associates Corp now owns 30,178 shares of the technology company's stock valued at $5,461,000 after acquiring an additional 512 shares during the last quarter. Hedge funds and other institutional investors own 93.76% of the company's stock.

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WESCO International Stock Up 0.7 %

NYSE WCC traded up $1.09 during trading hours on Tuesday, hitting $156.39. The company had a trading volume of 598,552 shares, compared to its average volume of 739,598. The company has a market capitalization of $7.63 billion, a price-to-earnings ratio of 11.97, a P/E/G ratio of 1.45 and a beta of 2.00. 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 fifty-two week low of $143.06 and a fifty-two week high of $216.17. The firm's 50 day moving average is $177.05 and its 200 day moving average is $182.96.

WESCO International (NYSE:WCC - Get Free Report) last posted its quarterly earnings data 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 net margin of 3.29% and a return on equity of 13.63%. Sell-side analysts anticipate that WESCO International, Inc. will post 13.3 earnings per share for the current fiscal year.

WESCO International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.4538 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.82 annualized dividend and a dividend yield of 1.16%. This is a positive change from WESCO International's previous quarterly dividend of $0.41. WESCO International's dividend payout ratio (DPR) is presently 13.85%.

Analysts Set New Price Targets

Several research firms have issued reports on WCC. Jefferies Financial Group raised their target price on WESCO International from $225.00 to $245.00 and gave the stock a "buy" rating in a research note on Friday, December 6th. Stephens upped their price objective on WESCO International from $205.00 to $215.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Royal Bank of Canada upped their target price on shares of WESCO International from $212.00 to $213.00 and gave the stock a "sector perform" rating in a research note on Wednesday, February 12th. KeyCorp cut their price target on WESCO International from $245.00 to $205.00 and set an "overweight" rating on the stock in a research note on Monday, March 17th. Finally, StockNews.com downgraded shares of WESCO International from a "buy" rating to a "hold" rating in a research report on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $219.43.

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).