SG Americas Securities LLC Lowers Stock Position in WESCO International, Inc. (NYSE:WCC)

SG Americas Securities LLC trimmed its stake in shares of WESCO International, Inc. (NYSE:WCC - Free Report) by 46.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,640 shares of the technology company's stock after selling 2,310 shares during the quarter. SG Americas Securities LLC's holdings in WESCO International were worth $478,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of WCC. Thompson Siegel & Walmsley LLC increased its holdings in shares of WESCO International by 341.8% during the 3rd 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. 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 valued at $5,050,000 after acquiring an additional 17,682 shares during the period. Geode Capital Management LLC boosted 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 valued at $128,143,000 after buying an additional 22,080 shares in the last quarter. EMC Capital Management boosted its stake 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 purchasing an additional 13,730 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. grew its holdings in WESCO International by 1.5% during the 3rd quarter. Farmers & Merchants Investments Inc. now owns 194,979 shares of the technology company's stock worth $32,753,000 after acquiring an additional 2,923 shares during the last quarter. 93.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at WESCO International

In other news, EVP William Clayton Geary sold 2,829 shares of WESCO International stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $205.73, for a total value of $582,010.17. Following the sale, the executive vice president now directly owns 35,063 shares of the company's stock, valued at approximately $7,213,510.99. The trade was a 7.47 % 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, CFO David S. Schulz sold 14,938 shares of the business's stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $206.55, for a total transaction of $3,085,443.90. Following the transaction, the chief financial officer now owns 104,471 shares in the company, valued at $21,578,485.05. This trade represents a 12.51 % decrease in their position. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

WCC has been the subject of several recent research reports. Oppenheimer upped their target price on shares of WESCO International from $205.00 to $225.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Jefferies Financial Group increased their target price on WESCO International from $225.00 to $245.00 and gave the stock a "buy" rating in a report on Friday, December 6th. Royal Bank of Canada boosted 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 report on Friday, November 1st. StockNews.com raised shares of WESCO International from a "hold" rating to a "buy" rating in a research report on Friday, January 17th. Finally, Stephens raised their price target on WESCO International from $190.00 to $205.00 and gave the company an "overweight" rating in a report on Tuesday, November 5th. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $215.88.

WESCO International Stock Performance

Shares of WCC traded up $4.52 during trading hours on Wednesday, hitting $186.33. The company's stock had a trading volume of 712,058 shares, compared to its average volume of 583,650. The business has a 50 day simple moving average of $189.42 and a two-hundred day simple moving average of $179.00. WESCO International, Inc. has a 52-week low of $132.37 and a 52-week high of $216.17. The company has a market cap of $9.13 billion, a price-to-earnings ratio of 14.92, a PEG ratio of 1.32 and a beta of 2.01. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.21 and a quick ratio of 1.29.

WESCO International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a $0.4125 dividend. This represents a $1.65 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend was Friday, December 13th. WESCO International's payout ratio is currently 13.21%.

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).