Thompson Siegel & Walmsley LLC Reduces Stock Position in WESCO International, Inc. (NYSE:WCC)

Thompson Siegel & Walmsley LLC decreased its position in shares of WESCO International, Inc. (NYSE:WCC - Free Report) by 10.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 232,238 shares of the technology company's stock after selling 26,248 shares during the quarter. Thompson Siegel & Walmsley LLC owned 0.47% of WESCO International worth $42,026,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in WCC. Geode Capital Management LLC boosted its holdings 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 purchasing an additional 22,080 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in WESCO International by 2.5% in the fourth quarter. Bank of New York Mellon Corp now owns 403,216 shares of the technology company's stock worth $72,966,000 after purchasing an additional 10,016 shares during the last quarter. Davis Selected Advisers boosted its holdings 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 purchasing an additional 967 shares during the last quarter. Farmers & Merchants Investments Inc. boosted its holdings in WESCO International by 0.4% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 195,731 shares of the technology company's stock worth $35,419,000 after purchasing an additional 752 shares during the last quarter. Finally, Handelsbanken Fonder AB boosted its holdings in WESCO International by 167.3% in the fourth quarter. Handelsbanken Fonder AB now owns 192,182 shares of the technology company's stock worth $34,777,000 after purchasing an additional 120,289 shares during the last quarter. Hedge funds and other institutional investors own 93.76% of the company's stock.

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Wall Street Analyst Weigh In

WCC has been the topic of several recent research reports. Stephens increased their price target on shares of WESCO International from $205.00 to $215.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Jefferies Financial Group increased their price target on shares of WESCO International from $225.00 to $245.00 and gave the stock a "buy" rating in a research report on Friday, December 6th. Royal Bank of Canada increased their price target on shares of WESCO International from $212.00 to $213.00 and gave the stock a "sector perform" rating in a research report on Wednesday, February 12th. StockNews.com downgraded shares of WESCO International from a "buy" rating to a "hold" rating in a research report on Wednesday, February 12th. Finally, KeyCorp decreased their price target on shares of WESCO International from $245.00 to $205.00 and set an "overweight" rating on the stock in a research report on Monday. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $219.43.

WESCO International Price Performance

NYSE WCC traded up $0.59 on Monday, reaching $163.45. The company had a trading volume of 766,916 shares, compared to its average volume of 712,485. The company has a quick ratio of 1.27, a current ratio of 2.20 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $7.98 billion, a PE ratio of 12.51, a price-to-earnings-growth ratio of 1.45 and a beta of 2.00. The firm's 50 day moving average price is $183.01 and its 200 day moving average price is $182.46. WESCO International, Inc. has a 12 month low of $143.06 and a 12 month high of $216.17.

WESCO International (NYSE:WCC - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The technology company reported $3.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.23 by ($0.07). WESCO International had a net margin of 3.29% and a return on equity of 13.63%. As a group, equities analysts predict that WESCO International, Inc. will post 13.3 earnings per share for the current year.

WESCO International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.4538 dividend. This is a boost from WESCO International's previous quarterly dividend of $0.41. This represents a $1.82 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend is Friday, March 14th. WESCO International's dividend payout ratio (DPR) is presently 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).