Piedmont Investment Advisors LLC decreased its position in WESCO International, Inc. (NYSE:WCC) by 30.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,485 shares of the technology company’s stock after selling 8,895 shares during the period. Piedmont Investment Advisors LLC’s holdings in WESCO International were worth $1,193,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Wedge Capital Management L L P NC increased its stake in shares of WESCO International by 13.7% during the 2nd quarter. Wedge Capital Management L L P NC now owns 17,563 shares of the technology company’s stock worth $1,006,000 after purchasing an additional 2,111 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of WESCO International by 5.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 437,185 shares of the technology company’s stock worth $25,051,000 after purchasing an additional 22,204 shares during the last quarter. Tocqueville Asset Management L.P. increased its stake in shares of WESCO International by 12.2% during the 2nd quarter. Tocqueville Asset Management L.P. now owns 264,015 shares of the technology company’s stock worth $15,128,000 after purchasing an additional 28,700 shares during the last quarter. Stanley Laman Group Ltd. increased its stake in shares of WESCO International by 1.4% during the 2nd quarter. Stanley Laman Group Ltd. now owns 51,611 shares of the technology company’s stock worth $2,957,000 after purchasing an additional 691 shares during the last quarter. Finally, Airain ltd purchased a new stake in shares of WESCO International during the 2nd quarter worth approximately $1,983,000. Hedge funds and other institutional investors own 98.79% of the company’s stock.

WESCO International, Inc. (WCC) traded up $1.65 during trading on Friday, reaching $64.90. 523,815 shares of the company were exchanged, compared to its average volume of 254,152. WESCO International, Inc. has a fifty-two week low of $48.95 and a fifty-two week high of $76.15. The stock has a market cap of $2,972.88, a price-to-earnings ratio of 16.39, a price-to-earnings-growth ratio of 1.63 and a beta of 1.95. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.31 and a quick ratio of 1.42.

WESCO International (NYSE:WCC) last released its quarterly earnings data on Thursday, October 26th. The technology company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.09. WESCO International had a net margin of 2.52% and a return on equity of 9.11%. The business had revenue of $2 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same period in the previous year, the business earned $1.05 EPS. WESCO International’s revenue was up 7.8% compared to the same quarter last year. equities research analysts anticipate that WESCO International, Inc. will post 3.87 earnings per share for the current fiscal year.

WESCO International declared that its Board of Directors has approved a stock buyback plan on Wednesday, December 13th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the technology company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

In related news, Director James Louis Singleton sold 3,288 shares of WESCO International stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $64.25, for a total value of $211,254.00. Following the completion of the transaction, the director now directly owns 19,477 shares in the company, valued at approximately $1,251,397.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.90% of the stock is currently owned by insiders.

Several brokerages have recently issued reports on WCC. Credit Suisse Group lowered shares of WESCO International to a “hold” rating and set a $70.00 price target for the company. in a research note on Friday. Standpoint Research lowered shares of WESCO International from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of WESCO International from a “buy” rating to a “hold” rating in a research note on Tuesday. Robert W. Baird restated a “hold” rating and set a $67.00 price target on shares of WESCO International in a research note on Friday, October 27th. Finally, KeyCorp restated a “buy” rating and set a $64.00 price target on shares of WESCO International in a research note on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $68.54.

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WESCO International Profile

WESCO International, Inc is a distributor of products and provider of supply chain management and logistics services used in industrial, construction, utility and commercial, institutional and government (CIG) markets. The Company is a provider of electrical, industrial and communications maintenance, repair and operating (MRO) and original equipment manufacturers (OEM) products, construction materials, and supply chain management and logistics services.

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

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