AEGON ASSET MANAGEMENT UK Plc Has $32.61 Million Position in WESCO International, Inc. (NYSE:WCC)

AEGON ASSET MANAGEMENT UK Plc lessened its holdings in WESCO International, Inc. (NYSE:WCC - Free Report) by 3.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 179,987 shares of the technology company's stock after selling 6,094 shares during the period. AEGON ASSET MANAGEMENT UK Plc owned about 0.37% of WESCO International worth $32,612,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Clearbridge Investments LLC bought a new stake in shares of WESCO International in the 2nd quarter valued at approximately $52,782,000. Heritage Wealth Management Inc. bought a new stake in WESCO International in the second quarter worth approximately $723,000. UMB Bank n.a. increased its stake in shares of WESCO International by 18.3% during the 3rd quarter. UMB Bank n.a. now owns 633 shares of the technology company's stock worth $106,000 after purchasing an additional 98 shares during the last quarter. V Square Quantitative Management LLC bought a new position in shares of WESCO International during the 3rd quarter valued at $28,000. Finally, Greenleaf Trust lifted its stake in shares of WESCO International by 4.8% in the 3rd quarter. Greenleaf Trust now owns 2,401 shares of the technology company's stock valued at $403,000 after purchasing an additional 111 shares during the last quarter. 93.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Nelson John Squires III sold 10,000 shares of the firm's stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $190.00, for a total transaction of $1,900,000.00. Following the completion of the sale, the executive vice president now owns 54,621 shares of the company's stock, valued at approximately $10,377,990. This trade represents a 15.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO David S. Schulz sold 14,938 shares of WESCO International stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 104,471 shares of the company's stock, 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. Insiders sold 27,767 shares of company stock worth $5,567,454 in the last 90 days. 3.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on WCC. Royal Bank of Canada boosted their price objective on shares of WESCO International from $186.00 to $199.00 and gave the stock a "sector perform" rating in a research note on Friday, November 1st. Oppenheimer upped their price target on shares of WESCO International from $205.00 to $225.00 and gave the company an "outperform" rating in a report on Friday, November 1st. KeyCorp lifted their price objective on WESCO International from $225.00 to $245.00 and gave the stock an "overweight" rating in a research note on Monday, December 9th. Stephens increased their target price on WESCO International from $190.00 to $205.00 and gave the company an "overweight" rating in a research note on Tuesday, November 5th. Finally, Robert W. Baird lifted 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. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $215.88.

WESCO International Stock Performance

Shares of NYSE:WCC traded up $0.56 during trading on Friday, hitting $197.53. 535,704 shares of the stock were exchanged, compared to its average volume of 477,896. The company has a market capitalization of $9.68 billion, a price-to-earnings ratio of 15.82, a price-to-earnings-growth ratio of 1.42 and a beta of 2.02. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.29 and a current ratio of 2.21. WESCO International, Inc. has a 1-year low of $132.37 and a 1-year high of $216.17. The company's fifty day simple moving average is $193.10 and its 200-day simple moving average is $178.25.

WESCO International (NYSE:WCC - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The technology company reported $3.58 EPS for the quarter, topping analysts' consensus estimates of $3.22 by $0.36. The company had revenue of $5.49 billion during the quarter, compared to the consensus estimate of $5.46 billion. WESCO International had a net margin of 3.19% and a return on equity of 13.19%. The firm's revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period last year, the firm earned $4.49 EPS. Sell-side analysts expect that WESCO International, Inc. will post 12.3 EPS for the current fiscal year.

WESCO International Dividend Announcement

The business 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 of this dividend was Friday, December 13th. This represents a $1.65 annualized dividend and a dividend yield of 0.84%. WESCO International's dividend 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).