MetLife Investment Management LLC Grows Position in WESCO International, Inc. (NYSE:WCC)

MetLife Investment Management LLC lifted its position in WESCO International, Inc. (NYSE:WCC - Free Report) by 8.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 25,093 shares of the technology company's stock after buying an additional 1,991 shares during the period. MetLife Investment Management LLC owned approximately 0.05% of WESCO International worth $4,541,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. V Square Quantitative Management LLC lifted its stake in shares of WESCO International by 39.9% during the fourth quarter. V Square Quantitative Management LLC now owns 235 shares of the technology company's stock worth $43,000 after buying an additional 67 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its position in 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 worth $48,000 after acquiring an additional 81 shares during the period. GAMMA Investing LLC lifted its position in WESCO International by 25.0% during the 4th quarter. GAMMA Investing LLC now owns 375 shares of the technology company's stock worth $68,000 after acquiring an additional 75 shares during the period. Millstone Evans Group LLC purchased a new stake in WESCO International during the 4th quarter valued at about $122,000. Finally, Dorsey & Whitney Trust CO LLC acquired a new position in shares of WESCO International in the fourth quarter valued at about $204,000. Hedge funds and other institutional investors own 93.76% of the company's stock.

WESCO International Price Performance

Shares of WESCO International stock traded up $0.96 during mid-day trading on Friday, reaching $161.88. 389,117 shares of the stock traded hands, compared to its average volume of 768,132. 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 business has a 50-day moving average of $160.54 and a 200 day moving average of $180.26. The stock has a market capitalization of $7.90 billion, a PE ratio of 12.39, a PEG ratio of 1.45 and a beta of 1.83. WESCO International, Inc. has a fifty-two week low of $125.21 and a fifty-two week high of $216.17.

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 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%. On average, analysts predict that WESCO International, Inc. will post 13.3 EPS for the current year.

WESCO International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $0.4538 dividend. This represents a $1.82 annualized dividend and a dividend yield of 1.12%. The ex-dividend date was Friday, March 14th. This is a boost from WESCO International's previous quarterly dividend of $0.41. WESCO International's dividend payout ratio (DPR) is currently 13.85%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on WCC shares. StockNews.com lowered shares of WESCO International from a "buy" rating to a "hold" rating in a report on Wednesday, February 12th. Stephens raised their target price on WESCO International from $205.00 to $215.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Royal Bank of Canada boosted their price target on WESCO International from $212.00 to $213.00 and gave the company a "sector perform" rating in a report on Wednesday, February 12th. Finally, KeyCorp dropped their price objective on shares of WESCO International from $245.00 to $205.00 and set an "overweight" rating on the stock in a research note on Monday, March 17th. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average 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).