New York State Teachers Retirement System Raises Position in WESCO International, Inc. (NYSE:WCC)

New York State Teachers Retirement System grew its stake in shares of WESCO International, Inc. (NYSE:WCC - Free Report) by 12.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,788 shares of the technology company's stock after buying an additional 2,654 shares during the quarter. New York State Teachers Retirement System owned 0.05% of WESCO International worth $4,486,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Thompson Siegel & Walmsley LLC grew its holdings in shares of 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 last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of WESCO International by 142.8% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 30,063 shares of the technology company's stock valued at $5,050,000 after purchasing an additional 17,682 shares during the last quarter. Geode Capital Management LLC grew its holdings 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 purchasing an additional 22,080 shares during the last quarter. Burns Matteson Capital Management LLC bought a new position in shares of WESCO International during the 4th quarter valued at $390,000. Finally, EMC Capital Management grew its holdings in shares of WESCO International by 580.8% during the 3rd quarter. EMC Capital Management now owns 16,094 shares of the technology company's stock valued at $2,703,000 after purchasing an additional 13,730 shares during the last quarter. Hedge funds and other institutional investors own 93.76% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. KeyCorp increased their target price on shares of WESCO International from $225.00 to $245.00 and gave the company an "overweight" rating in a report on Monday, December 9th. Oppenheimer raised their price target on shares of WESCO International from $205.00 to $225.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. StockNews.com lowered shares of WESCO International from a "buy" rating to a "hold" rating in a report on Wednesday, February 12th. Royal Bank of Canada raised their price target on shares of WESCO International from $212.00 to $213.00 and gave the stock a "sector perform" rating in a report on Wednesday, February 12th. Finally, Robert W. Baird raised their price target on shares of WESCO International from $215.00 to $223.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $218.88.

WESCO International Trading Down 5.2 %

Shares of WCC traded down $10.10 during trading hours on Friday, reaching $182.91. 1,080,604 shares of the company traded hands, compared to its average volume of 691,665. The company's fifty day moving average price is $186.59 and its two-hundred day moving average price is $180.81. The company has a market capitalization of $8.96 billion, a price-to-earnings ratio of 13.99, a price-to-earnings-growth ratio of 1.48 and a beta of 2.01. The company has a quick ratio of 1.27, a current ratio of 2.20 and a debt-to-equity ratio of 1.02. WESCO International, Inc. has a 12 month low of $143.06 and a 12 month high of $216.17.

WESCO International (NYSE:WCC - Get Free Report) last announced its earnings results 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%. Equities research analysts predict that WESCO International, Inc. will post 13.3 earnings per share for the current fiscal year.

WESCO International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.4125 per share. The ex-dividend date was Friday, December 13th. This represents a $1.65 dividend on an annualized basis and a yield of 0.90%. WESCO International's dividend payout ratio (DPR) is currently 12.62%.

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).