Wilmington Savings Fund Society FSB lessened its stake in WESCO International, Inc. (NYSE:WCC - Free Report) by 80.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 673 shares of the technology company's stock after selling 2,849 shares during the quarter. Wilmington Savings Fund Society FSB's holdings in WESCO International were worth $122,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new stake in shares of WESCO International during the third quarter worth approximately $28,000. GAMMA Investing LLC boosted its holdings in shares of WESCO International by 25.0% in the fourth quarter. GAMMA Investing LLC now owns 375 shares of the technology company's stock valued at $68,000 after buying an additional 75 shares during the period. Highland Capital Management LLC acquired a new position in shares of WESCO International in the third quarter valued at approximately $221,000. Integrated Investment Consultants LLC acquired a new position in shares of WESCO International in the fourth quarter valued at approximately $278,000. Finally, Innealta Capital LLC boosted its holdings in shares of WESCO International by 68.0% in the third quarter. Innealta Capital LLC now owns 1,606 shares of the technology company's stock valued at $270,000 after buying an additional 650 shares during the period. Institutional investors and hedge funds own 93.76% of the company's stock.
Wall Street Analysts Forecast Growth
WCC has been the subject of several research analyst reports. Stephens upped their price target on shares of WESCO International from $190.00 to $205.00 and gave the company an "overweight" rating in a report on Tuesday, November 5th. Jefferies Financial Group increased their target price on shares of WESCO International from $225.00 to $245.00 and gave the stock a "buy" rating in a report on Friday, December 6th. StockNews.com cut shares of WESCO International from a "buy" rating to a "hold" rating in a report on Wednesday, February 12th. KeyCorp increased their target price on shares of WESCO International from $225.00 to $245.00 and gave the stock an "overweight" rating in a report on Monday, December 9th. Finally, Robert W. Baird increased their target price on shares of WESCO International from $215.00 to $223.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, WESCO International presently has a consensus rating of "Moderate Buy" and a consensus target price of $217.63.
Read Our Latest Analysis on WESCO International
WESCO International Stock Performance
WCC stock traded up $3.17 during trading hours on Monday, reaching $196.84. The stock had a trading volume of 467,525 shares, compared to its average volume of 561,363. The stock has a market capitalization of $9.65 billion, a PE ratio of 15.76, a price-to-earnings-growth ratio of 1.34 and a beta of 2.01. The stock has a 50-day simple moving average of $186.52 and a 200 day simple moving average of $180.29. WESCO International, Inc. has a fifty-two week low of $141.02 and a fifty-two week high of $216.17. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.21 and a quick ratio of 1.29.
WESCO International (NYSE:WCC - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The technology company reported $3.16 earnings per share for the quarter, missing the consensus estimate of $3.23 by ($0.07). WESCO International had a net margin of 3.19% and a return on equity of 13.19%. Analysts predict 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 given a $0.4125 dividend. This represents a $1.65 annualized dividend and a dividend yield of 0.84%. The ex-dividend date was Friday, December 13th. WESCO International's payout ratio is presently 13.21%.
WESCO International Company Profile
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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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