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.

In related news, Director Sandra Beach Lin sold 671 shares of the firm’s stock in a transaction that occurred on Monday, May 14th. The shares were sold at an average price of $60.14, for a total value of $40,353.94. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Lynn M. Utter sold 768 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $65.56, for a total transaction of $50,350.08. The disclosure for this sale can be found here. Insiders sold 2,828 shares of company stock worth $176,382 over the last ninety days. 1.90% of the stock is currently owned by insiders.

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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Institutional Ownership by Quarter for WESCO International (NYSE:WCC)

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