WESCO International, Inc. (NYSE:WCC) Shares Acquired by Van ECK Associates Corp

Van ECK Associates Corp increased its position in shares of WESCO International, Inc. (NYSE:WCC - Free Report) by 128.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,666 shares of the technology company's stock after acquiring an additional 16,673 shares during the quarter. Van ECK Associates Corp owned approximately 0.06% of WESCO International worth $5,182,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Russell Investments Group Ltd. grew its position in WESCO International by 74.8% in the first quarter. Russell Investments Group Ltd. now owns 72,897 shares of the technology company's stock worth $12,486,000 after acquiring an additional 31,200 shares during the period. Harbor Capital Advisors Inc. raised its holdings in WESCO International by 860.5% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 12,381 shares of the technology company's stock valued at $1,963,000 after buying an additional 11,092 shares during the period. Redwood Investment Management LLC purchased a new stake in WESCO International in the 1st quarter valued at about $639,000. BNP Paribas Financial Markets lifted its position in WESCO International by 163.5% in the first quarter. BNP Paribas Financial Markets now owns 24,236 shares of the technology company's stock valued at $4,151,000 after buying an additional 15,037 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC purchased a new position in WESCO International during the second quarter worth about $676,000. Hedge funds and other institutional investors own 93.76% of the company's stock.

Insider Buying and Selling at WESCO International

In related news, Director Steven A. Raymund sold 5,819 shares of WESCO International stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $171.56, for a total transaction of $998,307.64. Following the sale, the director now directly owns 27,004 shares in the company, valued at $4,632,806.24. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other WESCO International news, Director Steven A. Raymund sold 5,819 shares of the business's stock in a transaction that occurred 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 in the company, valued at approximately $4,632,806.24. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Nelson John Squires III sold 10,000 shares of the firm's stock in a transaction that occurred on 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 transaction, the executive vice president now owns 54,621 shares in the company, valued at approximately $10,377,990. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

WCC has been the topic of a number of research analyst reports. Stephens boosted their price target on shares of WESCO International from $190.00 to $205.00 and gave the company an "overweight" rating in a research note on Tuesday. Royal Bank of Canada boosted their target price on WESCO International from $186.00 to $199.00 and gave the company a "sector perform" rating in a research report on Friday, November 1st. Robert W. Baird raised their price target on WESCO International from $215.00 to $223.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. KeyCorp boosted their price objective on WESCO International from $195.00 to $225.00 and gave the company an "overweight" rating in a report on Friday, November 1st. Finally, StockNews.com upgraded WESCO International from a "hold" rating to a "buy" rating in a report on Monday, November 4th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $208.86.

WESCO International Stock Down 0.9 %

NYSE:WCC traded down $1.97 during mid-day trading on Friday, hitting $205.78. The stock had a trading volume of 741,698 shares, compared to its average volume of 710,095. The company has a current ratio of 2.21, a quick ratio of 1.29 and a debt-to-equity ratio of 0.99. WESCO International, Inc. has a twelve month low of $132.37 and a twelve month high of $213.41. The company has a market capitalization of $10.08 billion, a PE ratio of 16.48, a PEG ratio of 1.74 and a beta of 2.01. The stock has a 50-day simple moving average of $171.71 and a two-hundred day simple moving average of $169.12.

WESCO International (NYSE:WCC - Get Free Report) last posted its earnings results on Thursday, October 31st. The technology company reported $3.58 EPS for the quarter, beating the consensus estimate of $3.22 by $0.36. The firm had revenue of $5.49 billion for the quarter, compared to analyst estimates of $5.46 billion. WESCO International had a return on equity of 13.19% and a net margin of 3.19%. WESCO International's revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.49 earnings per share. On average, equities research analysts anticipate that WESCO International, Inc. will post 12.18 EPS for the current year.

WESCO International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were issued a $0.4125 dividend. This represents a $1.65 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date was Friday, September 13th. WESCO International's dividend payout ratio (DPR) is 13.21%.

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).