River Road Asset Management LLC Cuts Position in WESCO International, Inc. (NYSE:WCC)

River Road Asset Management LLC reduced its holdings in WESCO International, Inc. (NYSE:WCC - Free Report) by 57.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 124,155 shares of the technology company's stock after selling 166,939 shares during the period. River Road Asset Management LLC owned approximately 0.25% of WESCO International worth $22,467,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Geode Capital Management LLC raised its stake in WESCO International by 3.0% during the third quarter. Geode Capital Management LLC now owns 762,653 shares of the technology company's stock worth $128,143,000 after purchasing an additional 22,080 shares during the period. Bank of New York Mellon Corp raised its position in shares of WESCO International by 2.5% during the 4th quarter. Bank of New York Mellon Corp now owns 403,216 shares of the technology company's stock valued at $72,966,000 after buying an additional 10,016 shares during the period. Thompson Siegel & Walmsley LLC lifted its holdings 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 valued at $43,420,000 after acquiring an additional 199,975 shares during the last quarter. Davis Selected Advisers grew its position in WESCO International by 0.4% in the fourth quarter. Davis Selected Advisers now owns 256,987 shares of the technology company's stock worth $46,504,000 after acquiring an additional 967 shares during the period. Finally, Farmers & Merchants Investments Inc. increased its stake in WESCO International by 0.4% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 195,731 shares of the technology company's stock worth $35,419,000 after acquiring an additional 752 shares during the last quarter. 93.76% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

WCC has been the topic of a number of research analyst reports. StockNews.com downgraded shares of WESCO International from a "buy" rating to a "hold" rating in a research note on Wednesday, February 12th. Jefferies Financial Group upped their price target on WESCO International from $225.00 to $245.00 and gave the stock a "buy" rating in a research note on Friday, December 6th. Royal Bank of Canada lifted their price objective on WESCO International from $212.00 to $213.00 and gave the company a "sector perform" rating in a research note on Wednesday, February 12th. Stephens boosted their price target on shares of WESCO International from $205.00 to $215.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. Finally, KeyCorp increased their price target on WESCO International from $225.00 to $245.00 and gave the company an "overweight" rating in a research report on Monday, December 9th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $218.88.

WESCO International Trading Up 4.7 %

Shares of NYSE:WCC traded up $7.38 during trading on Wednesday, reaching $165.58. The stock had a trading volume of 611,141 shares, compared to its average volume of 708,170. WESCO International, Inc. has a fifty-two week low of $143.06 and a fifty-two week high of $216.17. The business has a fifty day moving average price of $184.12 and a 200-day moving average price of $182.52. The stock has a market cap of $8.08 billion, a P/E ratio of 12.66, a PEG ratio of 1.45 and a beta of 2.00. 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 (NYSE:WCC - Get Free Report) last issued its quarterly 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 return on equity of 13.63% and a net margin of 3.29%. As a group, analysts anticipate that WESCO International, Inc. will post 13.3 earnings per share for the current fiscal year.

WESCO International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.4538 dividend. This represents a $1.82 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Friday, March 14th. This is a positive change from WESCO International's previous quarterly dividend of $0.41. WESCO International's dividend payout ratio (DPR) is 13.85%.

About WESCO International

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).