Rhumbline Advisers Raises Holdings in WESCO International, Inc. (NYSE:WCC)

Rhumbline Advisers increased its stake in WESCO International, Inc. (NYSE:WCC - Free Report) by 1.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 120,402 shares of the technology company's stock after acquiring an additional 2,271 shares during the period. Rhumbline Advisers owned approximately 0.25% of WESCO International worth $21,788,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Thompson Siegel & Walmsley LLC grew its position in WESCO International by 341.8% in the third quarter. Thompson Siegel & Walmsley LLC now owns 258,486 shares of the technology company's stock worth $43,420,000 after acquiring an additional 199,975 shares in the last quarter. Harbor Capital Advisors Inc. grew its position in WESCO International by 142.8% in the third quarter. Harbor Capital Advisors Inc. now owns 30,063 shares of the technology company's stock worth $5,050,000 after acquiring an additional 17,682 shares in the last quarter. Geode Capital Management LLC grew its position in WESCO International by 3.0% in the third quarter. Geode Capital Management LLC now owns 762,653 shares of the technology company's stock worth $128,143,000 after acquiring an additional 22,080 shares in the last quarter. Burns Matteson Capital Management LLC purchased a new position in WESCO International in the fourth quarter worth about $390,000. Finally, EMC Capital Management grew its position in WESCO International by 580.8% in the third quarter. EMC Capital Management now owns 16,094 shares of the technology company's stock worth $2,703,000 after acquiring an additional 13,730 shares in the last quarter. Hedge funds and other institutional investors own 93.76% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Jefferies Financial Group lifted their price target on WESCO International from $225.00 to $245.00 and gave the stock a "buy" rating in a research report on Friday, December 6th. Stephens raised their price objective on shares of WESCO International from $205.00 to $215.00 and gave the stock an "overweight" rating in a research note on Tuesday. Robert W. Baird raised their price objective on shares of WESCO International from $215.00 to $223.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Royal Bank of Canada raised their price objective on shares of WESCO International from $212.00 to $213.00 and gave the stock a "sector perform" rating in a research note on Wednesday, February 12th. Finally, Oppenheimer raised their price objective on shares of WESCO International from $205.00 to $225.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $218.88.

WESCO International Trading Down 5.2 %

Shares of WESCO International stock traded down $10.10 on Friday, hitting $182.91. 1,080,604 shares of the company traded hands, compared to its average volume of 691,665. The stock's 50 day moving average price is $186.59 and its 200-day moving average price is $180.81. The company has a current ratio of 2.20, a quick ratio of 1.27 and a debt-to-equity ratio of 1.02. WESCO International, Inc. has a 52 week low of $143.06 and a 52 week high of $216.17. The company has a market cap of $8.96 billion, a PE ratio of 13.99, a PEG ratio of 1.48 and a beta of 2.01.

WESCO International (NYSE:WCC - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The technology company reported $3.16 earnings per share for the quarter, missing the consensus estimate 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 EPS for the current year.

WESCO International Announces Dividend

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