4,200 Shares in WESCO International (WCC) Purchased by New York State Teachers Retirement System
New York State Teachers Retirement System bought a new position in shares of WESCO International (NYSE:WCC) in the first quarter, HoldingsChannel.com reports. The firm bought 4,200 shares of the technology company’s stock, valued at approximately $261,000.
A number of other large investors have also modified their holdings of WCC. SG Americas Securities LLC bought a new position in shares of WESCO International in the fourth quarter valued at approximately $140,000. ETRADE Capital Management LLC bought a new position in shares of WESCO International in the fourth quarter valued at approximately $201,000. Capital Fund Management S.A. bought a new position in shares of WESCO International in the fourth quarter valued at approximately $218,000. Xact Kapitalforvaltning AB bought a new position in shares of WESCO International in the fourth quarter valued at approximately $288,000. Finally, Nisa Investment Advisors LLC bought a new position in shares of WESCO International in the fourth quarter valued at approximately $375,000.
A number of equities analysts have recently commented on WCC shares. Zacks Investment Research upgraded shares of WESCO International from a “hold” rating to a “buy” rating and set a $69.00 price objective for the company in a research report on Saturday, February 10th. ValuEngine upgraded shares of WESCO International from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. WESCO International has a consensus rating of “Hold” and an average price target of $68.60.
Shares of WCC opened at $59.05 on Friday. The company has a market capitalization of $2.80 billion, a P/E ratio of 15.03, a P/E/G ratio of 1.25 and a beta of 1.85. The company has a current ratio of 2.37, a quick ratio of 1.44 and a debt-to-equity ratio of 0.61. WESCO International has a 1-year low of $59.10 and a 1-year high of $59.55.
WESCO International (NYSE:WCC) last announced its earnings results on Thursday, April 26th. The technology company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.05. The business had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.92 billion. WESCO International had a net margin of 2.15% and a return on equity of 9.30%. WESCO International’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period last year, the firm posted $0.76 earnings per share. analysts anticipate that WESCO International will post 4.77 EPS for the current fiscal year.
About WESCO International
WESCO International, Inc distributes electrical, industrial, and communications maintenance, repair and operating (MRO) and original equipment manufacturers products and construction materials in North America and internationally. The company sells general supplies, such as wiring devices, fuses, terminals, connectors, boxes, enclosures, fittings, lugs, terminations, wraps, splicing and marking equipment, tools and testers, safety, personal protection, sealants, cutting tools, adhesives, consumables, fasteners, janitorial, and other MRO supplies.
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