WESCO International, Inc. (NYSE:WCC) Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. lifted its holdings in WESCO International, Inc. (NYSE:WCC - Free Report) by 62.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 215,002 shares of the technology company's stock after purchasing an additional 83,031 shares during the period. Russell Investments Group Ltd. owned approximately 0.44% of WESCO International worth $38,906,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. V Square Quantitative Management LLC increased its position in shares of WESCO International by 39.9% in the 4th quarter. V Square Quantitative Management LLC now owns 235 shares of the technology company's stock valued at $43,000 after purchasing an additional 67 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in WESCO International by 43.5% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 267 shares of the technology company's stock valued at $48,000 after acquiring an additional 81 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of WESCO International by 25.0% during the fourth quarter. GAMMA Investing LLC now owns 375 shares of the technology company's stock worth $68,000 after purchasing an additional 75 shares during the last quarter. Millstone Evans Group LLC acquired a new stake in shares of WESCO International in the 4th quarter worth $122,000. Finally, Dorsey & Whitney Trust CO LLC acquired a new stake in WESCO International in the fourth quarter valued at about $204,000. Hedge funds and other institutional investors own 93.76% of the company's stock.

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Analyst Ratings Changes

WCC has been the subject of several recent analyst reports. KeyCorp reduced their price objective on shares of WESCO International from $245.00 to $205.00 and set an "overweight" rating for the company in a research note on Monday, March 17th. Stephens increased their price objective on WESCO International from $205.00 to $215.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. Royal Bank of Canada raised their target price 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. Finally, StockNews.com cut WESCO International from a "buy" rating to a "hold" rating in a report on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, WESCO International presently has a consensus rating of "Moderate Buy" and a consensus price target of $219.43.

WESCO International Stock Up 1.1 %

NYSE WCC traded up $1.64 during trading hours on Friday, hitting $148.48. The company had a trading volume of 924,649 shares, compared to its average volume of 763,948. The firm's 50 day moving average is $168.37 and its 200 day moving average is $181.25. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.20 and a quick ratio of 1.27. WESCO International, Inc. has a fifty-two week low of $125.21 and a fifty-two week high of $216.17. The company has a market capitalization of $7.25 billion, a price-to-earnings ratio of 11.36, a P/E/G ratio of 1.45 and a beta of 1.83.

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

WESCO International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a $0.4538 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.82 dividend on an annualized basis and a yield of 1.22%. This is a positive change from WESCO International's previous quarterly dividend of $0.41. WESCO International's payout ratio is currently 13.85%.

WESCO International 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).