Harbor Capital Advisors Inc. Buys 17,682 Shares of WESCO International, Inc. (NYSE:WCC)

Harbor Capital Advisors Inc. increased its position in shares of WESCO International, Inc. (NYSE:WCC - Free Report) by 142.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,063 shares of the technology company's stock after buying an additional 17,682 shares during the quarter. Harbor Capital Advisors Inc. owned 0.06% of WESCO International worth $5,050,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in WCC. Pacer Advisors Inc. grew its position in WESCO International by 23,727.4% during the second quarter. Pacer Advisors Inc. now owns 1,589,048 shares of the technology company's stock worth $251,896,000 after buying an additional 1,582,379 shares in the last quarter. Clearbridge Investments LLC bought a new position in WESCO International during the second quarter worth about $52,782,000. Neo Ivy Capital Management bought a new position in WESCO International during the second quarter worth about $5,916,000. Russell Investments Group Ltd. lifted its stake in WESCO International by 74.8% during the first quarter. Russell Investments Group Ltd. now owns 72,897 shares of the technology company's stock worth $12,486,000 after purchasing an additional 31,200 shares during the period. Finally, BNP Paribas Financial Markets lifted its stake in WESCO International by 163.5% during the first quarter. BNP Paribas Financial Markets now owns 24,236 shares of the technology company's stock worth $4,151,000 after purchasing an additional 15,037 shares during the period. 93.76% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Analysts Set New Price Targets

A number of research analysts have commented on WCC shares. Loop Capital raised their price target on shares of WESCO International from $190.00 to $210.00 and gave the stock a "buy" rating in a research note on Friday, September 27th. KeyCorp raised their price target on shares of WESCO International from $195.00 to $225.00 and gave the stock an "overweight" rating in a research note on Friday. Stephens restated an "overweight" rating and set a $190.00 price target on shares of WESCO International in a research note on Monday, August 5th. Royal Bank of Canada raised their price target on shares of WESCO International from $186.00 to $199.00 and gave the stock a "sector perform" rating in a research note on Friday. Finally, Robert W. Baird lifted their target price on shares of WESCO International from $215.00 to $223.00 and gave the company an "outperform" rating in a research note on Friday. 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 company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $206.71.

WESCO International Trading Down 1.9 %

WCC stock traded down $3.56 during trading on Monday, hitting $184.61. The company had a trading volume of 706,903 shares, compared to its average volume of 701,015. The company has a quick ratio of 1.34, a current ratio of 2.21 and a debt-to-equity ratio of 0.99. The firm has a 50-day moving average price of $168.15 and a 200-day moving average price of $167.66. WESCO International, Inc. has a 12 month low of $132.37 and a 12 month high of $195.99. The stock has a market cap of $9.08 billion, a price-to-earnings ratio of 14.78, a PEG ratio of 1.59 and a beta of 2.01.

WESCO International (NYSE:WCC - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The technology company reported $3.58 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.36. WESCO International had a net margin of 3.19% and a return on equity of 13.19%. The firm had revenue of $5.49 billion during the quarter, compared to analysts' expectations of $5.46 billion. During the same quarter in the previous year, the company posted $4.49 EPS. WESCO International's revenue was down 2.7% on a year-over-year basis. As a group, analysts predict that WESCO International, Inc. will post 12.04 earnings per share for the current 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 given a $0.4125 dividend. This represents a $1.65 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend was Friday, September 13th. WESCO International's dividend payout ratio (DPR) is presently 13.21%.

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).