WESCO International, Inc. (NYSE:WCC) Shares Sold by River Road Asset Management LLC

River Road Asset Management LLC cut its position in shares of WESCO International, Inc. (NYSE:WCC - Free Report) by 20.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 291,094 shares of the technology company's stock after selling 74,365 shares during the period. River Road Asset Management LLC owned approximately 0.59% of WESCO International worth $48,898,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WCC. BNP Paribas Financial Markets lifted its stake in shares of WESCO International by 163.5% in the 1st quarter. BNP Paribas Financial Markets now owns 24,236 shares of the technology company's stock valued at $4,151,000 after purchasing an additional 15,037 shares during the last quarter. Quent Capital LLC lifted its stake in shares of WESCO International by 9.9% in the 1st quarter. Quent Capital LLC now owns 3,703 shares of the technology company's stock valued at $634,000 after purchasing an additional 333 shares during the last quarter. TimesSquare Capital Management LLC bought a new stake in shares of WESCO International in the 1st quarter valued at approximately $463,000. Russell Investments Group Ltd. lifted its stake in shares of WESCO International by 74.8% in the 1st quarter. Russell Investments Group Ltd. now owns 72,897 shares of the technology company's stock valued at $12,486,000 after purchasing an additional 31,200 shares during the last quarter. Finally, Motley Fool Asset Management LLC bought a new stake in shares of WESCO International in the 1st quarter valued at approximately $543,000. 93.76% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Steven A. Raymund sold 5,819 shares of the firm's stock in a transaction 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 $4,632,806.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other WESCO International news, EVP Nelson John Squires III sold 10,000 shares of WESCO International stock in a transaction dated Thursday, October 31st. The stock was 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Steven A. Raymund sold 5,819 shares of WESCO International stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $171.56, for a total value of $998,307.64. Following the sale, the director now directly owns 27,004 shares of the company's stock, valued at approximately $4,632,806.24. This 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.

WESCO International Trading Up 1.8 %

WCC traded up $3.39 during trading on Tuesday, hitting $188.00. 515,723 shares of the stock were exchanged, compared to its average volume of 700,149. The firm has a 50 day simple moving average of $168.53 and a 200 day simple moving average of $167.88. The firm has a market cap of $9.24 billion, a price-to-earnings ratio of 14.87, a P/E/G ratio of 1.55 and a beta of 2.01. WESCO International, Inc. has a 1 year low of $132.37 and a 1 year high of $195.99. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.29 and a current ratio of 2.21.

WESCO International (NYSE:WCC - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The technology company reported $3.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.22 by $0.36. WESCO International had a return on equity of 13.19% and a net margin of 3.19%. The business had revenue of $5.49 billion for the quarter, compared to the consensus estimate of $5.46 billion. During the same period last year, the business posted $4.49 EPS. The business's revenue was down 2.7% compared to the same quarter last year. As a group, equities analysts expect that WESCO International, Inc. will post 12.12 EPS for the current year.

WESCO International Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on WCC. Royal Bank of Canada raised their price objective on WESCO International from $186.00 to $199.00 and gave the company a "sector perform" rating in a research note on Friday. Baird R W upgraded WESCO International from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 16th. Loop Capital increased their price target on WESCO International from $190.00 to $210.00 and gave the stock a "buy" rating in a report on Friday, September 27th. StockNews.com upgraded WESCO International from a "hold" rating to a "buy" rating in a report on Monday. Finally, Oppenheimer increased their price target on WESCO International from $205.00 to $225.00 and gave the stock an "outperform" rating in a report on Friday. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $208.86.

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).