EMC Capital Management Purchases 13,730 Shares of WESCO International, Inc. (NYSE:WCC)

EMC Capital Management increased its stake in WESCO International, Inc. (NYSE:WCC - Free Report) by 580.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,094 shares of the technology company's stock after purchasing an additional 13,730 shares during the period. WESCO International makes up 1.1% of EMC Capital Management's holdings, making the stock its 21st biggest holding. EMC Capital Management's holdings in WESCO International were worth $2,703,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of WCC. Pacer Advisors Inc. increased its position in shares of WESCO International by 23,727.4% in the second quarter. Pacer Advisors Inc. now owns 1,589,048 shares of the technology company's stock worth $251,896,000 after purchasing an additional 1,582,379 shares during the period. Clearbridge Investments LLC bought a new position in shares of WESCO International in the second quarter worth $52,782,000. Neo Ivy Capital Management bought a new position in WESCO International in the second quarter valued at about $5,916,000. Russell Investments Group Ltd. grew its position in WESCO International by 74.8% in the first quarter. Russell Investments Group Ltd. now owns 72,897 shares of the technology company's stock valued at $12,486,000 after acquiring an additional 31,200 shares during the last quarter. Finally, Hosking Partners LLP grew its position in WESCO International by 68.6% in the first quarter. Hosking Partners LLP now owns 63,577 shares of the technology company's stock valued at $10,889,000 after acquiring an additional 25,864 shares during the last quarter. Institutional investors own 93.76% of the company's stock.

Wall Street Analysts Forecast Growth

WCC has been the topic of a number of recent analyst reports. Stephens reiterated an "overweight" rating and issued a $190.00 target price on shares of WESCO International in a research report on Monday, August 5th. Robert W. Baird lifted their target price on WESCO International from $215.00 to $223.00 and gave the company an "outperform" rating in a research report on Friday. Loop Capital lifted their target price on WESCO International from $190.00 to $210.00 and gave the company a "buy" rating in a research report on Friday, September 27th. Baird R W upgraded WESCO International from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 16th. Finally, Oppenheimer lifted their target price on WESCO International from $205.00 to $225.00 and gave the company an "outperform" rating in a research report on Friday. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, WESCO International has an average rating of "Moderate Buy" and a consensus price target of $206.71.

WESCO International Trading Down 2.0 %

Shares of WCC stock traded down $3.80 during mid-day trading on Friday, reaching $188.17. 927,268 shares of the stock traded hands, compared to its average volume of 736,339. The stock's fifty day simple moving average is $168.15 and its two-hundred day simple moving average is $167.47. WESCO International, Inc. has a 1-year low of $131.38 and a 1-year high of $195.99. The company has a market cap of $9.25 billion, a price-to-earnings ratio of 15.07, a price-to-earnings-growth ratio of 1.59 and a beta of 2.01. The company has a quick ratio of 1.34, a current ratio of 2.21 and a debt-to-equity ratio of 0.99.

WESCO International (NYSE:WCC - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The technology company reported $3.58 EPS for the quarter, topping analysts' consensus estimates of $3.22 by $0.36. The company had revenue of $5.49 billion for the quarter, compared to analyst estimates of $5.46 billion. WESCO International had a return on equity of 13.19% and a net margin of 3.19%. The firm's quarterly revenue was down 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $4.49 earnings per share. On average, research analysts anticipate that WESCO International, Inc. will post 12.04 EPS for the current fiscal year.

WESCO International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a $0.4125 dividend. This represents a $1.65 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend was Friday, September 13th. WESCO International's dividend payout ratio is currently 13.21%.

Insider Buying and Selling

In related news, EVP Nelson John Squires III sold 10,000 shares of WESCO International stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $190.00, for a total value of $1,900,000.00. Following the transaction, the executive vice president now directly owns 54,621 shares of the company's stock, valued at $10,377,990. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other WESCO International news, EVP Nelson John Squires III sold 10,000 shares of WESCO International stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $190.00, for a total value of $1,900,000.00. Following the completion of the sale, the executive vice president now directly owns 54,621 shares in the company, valued at approximately $10,377,990. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Steven A. Raymund sold 5,819 shares of WESCO International stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $171.56, for a total value of $998,307.64. Following the completion of the sale, the director now owns 27,004 shares of the company's stock, valued at approximately $4,632,806.24. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.10% of the stock is owned by insiders.

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).