Leuthold Group LLC Trims Stake in WESCO International, Inc. (NYSE:WCC)

Leuthold Group LLC trimmed its position in WESCO International, Inc. (NYSE:WCC - Free Report) by 13.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,960 shares of the technology company's stock after selling 4,355 shares during the quarter. Leuthold Group LLC owned about 0.06% of WESCO International worth $5,060,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in WCC. V Square Quantitative Management LLC grew its holdings in shares of WESCO International by 39.9% in the fourth 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 in the last quarter. GAMMA Investing LLC increased its position 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 acquiring an additional 75 shares during the period. Highland Capital Management LLC acquired a new stake in shares of WESCO International in the third quarter valued at $221,000. Integrated Investment Consultants LLC purchased a new position in WESCO International in the fourth quarter valued at $278,000. Finally, Innealta Capital LLC grew its stake in WESCO International by 68.0% during the 3rd quarter. Innealta Capital LLC now owns 1,606 shares of the technology company's stock worth $270,000 after purchasing an additional 650 shares in the last quarter. Hedge funds and other institutional investors own 93.76% of the company's stock.

WESCO International Stock Performance

Shares of WESCO International stock traded up $6.46 on Wednesday, reaching $181.15. 817,273 shares of the stock were exchanged, compared to its average volume of 704,623. The firm has a market capitalization of $8.84 billion, a PE ratio of 13.86, a PEG ratio of 1.45 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. The business has a fifty day moving average price of $185.97 and a two-hundred day moving average price of $181.75. The company has a current ratio of 2.20, a quick ratio of 1.27 and a debt-to-equity ratio of 1.02.

WESCO International (NYSE:WCC - Get Free Report) last posted its quarterly 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%. As a group, research analysts anticipate that WESCO International, Inc. will post 13.3 earnings per share for the current fiscal year.

WESCO International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a $0.4125 dividend. This represents a $1.65 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend was Friday, December 13th. WESCO International's dividend payout ratio (DPR) is 12.62%.

Analyst Ratings Changes

WCC has been the subject of several recent research reports. Oppenheimer lifted their price objective on WESCO International from $205.00 to $225.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. StockNews.com downgraded shares of WESCO International from a "buy" rating to a "hold" rating in a research report on Wednesday, February 12th. Jefferies Financial Group raised their price objective 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. Stephens boosted their target price on shares of WESCO International from $205.00 to $215.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. Finally, Royal Bank of Canada upped 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. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, WESCO International has an average rating of "Moderate Buy" and an average price target of $218.88.

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).