New York State Common Retirement Fund lowered its stake in shares of WESCO International, Inc. (NYSE:WCC - Free Report) by 6.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,644 shares of the technology company's stock after selling 1,763 shares during the period. New York State Common Retirement Fund owned 0.05% of WESCO International worth $4,821,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in WCC. V Square Quantitative Management LLC lifted its stake 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 in the last quarter. GAMMA Investing LLC lifted its stake in shares of WESCO International by 25.0% in the 4th quarter. GAMMA Investing LLC now owns 375 shares of the technology company's stock valued at $68,000 after purchasing an additional 75 shares in the last quarter. Innealta Capital LLC lifted its stake in shares of WESCO International by 68.0% in the 3rd quarter. Innealta Capital LLC now owns 1,606 shares of the technology company's stock valued at $270,000 after purchasing an additional 650 shares in the last quarter. Integrated Investment Consultants LLC acquired a new position in shares of WESCO International in the 4th quarter valued at about $278,000. Finally, Burns Matteson Capital Management LLC acquired a new position in shares of WESCO International in the 4th quarter valued at about $390,000. Institutional investors and hedge funds own 93.76% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on the company. Royal Bank of Canada raised their target price on WESCO International from $212.00 to $213.00 and gave the company a "sector perform" rating in a report on Wednesday, February 12th. Jefferies Financial Group boosted their price target on WESCO International from $225.00 to $245.00 and gave the stock a "buy" rating in a research report on Friday, December 6th. StockNews.com lowered WESCO International from a "buy" rating to a "hold" rating in a research report on Wednesday, February 12th. KeyCorp boosted their price target on WESCO International from $225.00 to $245.00 and gave the stock an "overweight" rating in a research report on Monday, December 9th. Finally, Stephens boosted their price target on WESCO International from $205.00 to $215.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Two research 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's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $218.88.
Check Out Our Latest Stock Report on WCC
WESCO International Stock Down 6.0 %
Shares of WCC traded down $10.80 during trading on Monday, reaching $169.67. The company's stock had a trading volume of 508,743 shares, compared to its average volume of 692,189. The company has a fifty day moving average of $186.22 and a two-hundred day moving average of $182.28. WESCO International, Inc. has a twelve month low of $143.06 and a twelve month high of $216.17. The company has a market cap of $8.28 billion, a price-to-earnings ratio of 12.98, a P/E/G ratio of 1.45 and a beta of 2.01. The company has a quick ratio of 1.27, a current ratio of 2.20 and a debt-to-equity ratio of 1.02.
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%. On average, sell-side analysts predict that WESCO International, Inc. will post 13.3 EPS for the current fiscal year.
WESCO International Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.4538 per share. This is an increase from WESCO International's previous quarterly dividend of $0.41. This represents a $1.82 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date is Friday, March 14th. WESCO International's dividend payout ratio is presently 12.62%.
About WESCO International
(
Free Report)
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).
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