WESCO International, Inc. (NYSE:WCC) Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB increased its holdings in shares of WESCO International, Inc. (NYSE:WCC - Free Report) by 167.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 192,182 shares of the technology company's stock after purchasing an additional 120,289 shares during the period. Handelsbanken Fonder AB owned 0.39% of WESCO International worth $34,777,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Greenleaf Trust boosted its position in WESCO International by 4.8% during the 3rd quarter. Greenleaf Trust now owns 2,401 shares of the technology company's stock valued at $403,000 after acquiring an additional 111 shares in the last quarter. Highland Capital Management LLC purchased a new stake in shares of WESCO International during the 3rd quarter worth $221,000. Farmers & Merchants Investments Inc. boosted its position in WESCO International by 1.5% during the third quarter. Farmers & Merchants Investments Inc. now owns 194,979 shares of the technology company's stock valued at $32,753,000 after purchasing an additional 2,923 shares in the last quarter. EMC Capital Management grew 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 valued at $2,703,000 after purchasing an additional 13,730 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its holdings 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 purchasing an additional 17,682 shares in the last quarter. 93.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

WCC has been the topic of a number of recent analyst reports. Jefferies Financial Group raised their price target on shares of WESCO International from $225.00 to $245.00 and gave the company a "buy" rating in a report on Friday, December 6th. StockNews.com lowered shares of WESCO International from a "buy" rating to a "hold" rating in a report on Wednesday, February 12th. Robert W. Baird increased their price objective on WESCO International from $215.00 to $223.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Oppenheimer boosted their target price on WESCO International from $205.00 to $225.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Finally, Stephens increased their price target on WESCO International from $205.00 to $215.00 and gave the company an "overweight" rating in a research note on Tuesday. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, WESCO International presently has an average rating of "Moderate Buy" and a consensus target price of $218.88.

WESCO International Stock Performance

WESCO International stock traded down $10.10 during trading hours on Friday, hitting $182.91. 1,080,604 shares of the stock traded hands, compared to its average volume of 691,665. The firm's 50 day moving average price is $186.59 and its 200-day moving average price is $180.81. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.20 and a quick ratio of 1.27. The stock has a market capitalization of $8.96 billion, a price-to-earnings ratio of 13.99, a P/E/G ratio of 1.48 and a beta of 2.01. WESCO International, Inc. has a 1 year low of $143.06 and a 1 year high of $216.17.

WESCO International (NYSE:WCC - Get Free Report) last issued its earnings results on Tuesday, February 11th. The technology company reported $3.16 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 expect that WESCO International, Inc. will post 13.3 EPS for the current fiscal year.

WESCO International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a $0.4125 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 0.90%. WESCO International's payout ratio is currently 12.62%.

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).