Jump Financial LLC Has $1.26 Million Position in WESCO International, Inc. (NYSE:WCC)

Jump Financial LLC trimmed its holdings in shares of WESCO International, Inc. (NYSE:WCC - Free Report) by 89.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,970 shares of the technology company's stock after selling 59,583 shares during the quarter. Jump Financial LLC's holdings in WESCO International were worth $1,261,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WCC. Bank of New York Mellon Corp lifted its position in shares of 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 valued at $72,966,000 after acquiring an additional 10,016 shares in the last quarter. Davis Selected Advisers raised its holdings in shares of 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 buying an additional 967 shares during the period. Russell Investments Group Ltd. increased its position in shares of WESCO International by 62.9% during the fourth quarter. Russell Investments Group Ltd. now owns 215,002 shares of the technology company's stock worth $38,906,000 after acquiring an additional 83,031 shares during the period. Farmers & Merchants Investments Inc. grew its stake 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 in the last quarter. Finally, Handelsbanken Fonder AB raised its position in WESCO International by 167.3% during the 4th quarter. Handelsbanken Fonder AB now owns 192,182 shares of the technology company's stock valued at $34,777,000 after purchasing an additional 120,289 shares in the last quarter. 93.76% of the stock is owned by hedge funds and other institutional investors.

WESCO International Trading Up 0.6 %

NYSE WCC traded up $0.96 during trading hours on Friday, reaching $161.88. The company had a trading volume of 389,117 shares, compared to its average volume of 770,136. The stock has a 50-day moving average of $160.54 and a 200 day moving average of $180.07. WESCO International, Inc. has a 1-year low of $125.21 and a 1-year high of $216.17. The company has a current ratio of 2.20, a quick ratio of 1.27 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $7.90 billion, a P/E ratio of 12.39, a price-to-earnings-growth 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 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, research 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 announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $0.4538 per share. The ex-dividend date was Friday, March 14th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 1.12%. This is a boost from WESCO International's previous quarterly dividend of $0.41. WESCO International's payout ratio is presently 13.85%.

Analysts Set New Price Targets

WCC has been the subject of several recent research reports. StockNews.com lowered shares of WESCO International from a "buy" rating to a "hold" rating in a report on Wednesday, February 12th. Stephens upped their target price on WESCO International from $205.00 to $215.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Royal Bank of Canada lifted their price target on WESCO International from $212.00 to $213.00 and gave the company a "sector perform" rating in a report on Wednesday, February 12th. Finally, KeyCorp decreased their price objective on WESCO International from $245.00 to $205.00 and set an "overweight" rating for the company in a research note on Monday, March 17th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, WESCO International presently has an average rating of "Moderate Buy" and an average price target of $219.43.

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).