Integrated Investment Consultants LLC Buys Shares of 1,535 WESCO International, Inc. (NYSE:WCC)

Integrated Investment Consultants LLC purchased a new position in shares of WESCO International, Inc. (NYSE:WCC) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,535 shares of the technology company’s stock, valued at approximately $278,000.

Other hedge funds have also modified their holdings of the company. Thompson Siegel & Walmsley LLC boosted its holdings in WESCO International by 341.8% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 258,486 shares of the technology company’s stock valued at $43,420,000 after acquiring an additional 199,975 shares during the period. Harbor Capital Advisors Inc. raised its position in shares of WESCO International by 142.8% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 30,063 shares of the technology company’s stock worth $5,050,000 after acquiring an additional 17,682 shares in the last quarter. Geode Capital Management LLC raised its position in shares of WESCO International by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 762,653 shares of the technology company’s stock worth $128,143,000 after acquiring an additional 22,080 shares in the last quarter. Clearbridge Investments LLC purchased a new position in WESCO International during the 2nd quarter worth approximately $52,782,000. Finally, Heritage Wealth Management Inc. purchased a new position in WESCO International during the 2nd quarter worth approximately $723,000. 93.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at WESCO International

In other WESCO International news, EVP William Clayton Geary sold 2,829 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $205.73, for a total value of $582,010.17. Following the completion of the sale, the executive vice president now owns 35,063 shares of the company’s stock, valued at $7,213,510.99. The trade was a 7.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO David S. Schulz sold 14,938 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $206.55, for a total value of $3,085,443.90. Following the completion of the sale, the chief financial officer now directly owns 104,471 shares of the company’s stock, valued at $21,578,485.05. This represents a 12.51 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,767 shares of company stock valued at $5,567,454. Insiders own 3.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on WCC shares. Robert W. Baird lifted their target price on WESCO International from $215.00 to $223.00 and gave the company an “outperform” rating in a research note 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 report on Monday, December 9th. Baird R W raised WESCO International from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. Loop Capital upped their target price on WESCO International from $190.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Finally, Stephens upped 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. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $215.88.

WESCO International Stock Performance

Shares of NYSE WCC opened at $191.73 on Friday. The company has a quick ratio of 1.29, a current ratio of 2.21 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $9.39 billion, a price-to-earnings ratio of 15.35, a PEG ratio of 1.27 and a beta of 2.02. The stock’s fifty day simple moving average is $194.08 and its 200 day simple moving average is $176.85. WESCO International, Inc. has a 52-week low of $132.37 and a 52-week high of $216.17.

WESCO International (NYSE:WCC) last issued its earnings results on Thursday, October 31st. The technology company reported $3.58 EPS for the quarter, topping the consensus estimate of $3.22 by $0.36. The business had revenue of $5.49 billion during the quarter, compared to analysts’ expectations of $5.46 billion. WESCO International had a return on equity of 13.19% and a net margin of 3.19%. WESCO International’s revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the firm posted $4.49 earnings per share. As a group, sell-side analysts forecast that WESCO International, Inc. will post 12.3 earnings per share for the current fiscal year.

WESCO International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.4125 per share. The ex-dividend date was Friday, December 13th. This represents a $1.65 dividend on an annualized basis and a yield of 0.86%. WESCO International’s payout ratio is 13.21%.

WESCO International Company 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).