WESCO International, Inc. (NYSE:WCC) Stake Lowered by Shaker Investments LLC OH

Shaker Investments LLC OH lowered its position in shares of WESCO International, Inc. (NYSE:WCC) by 12.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 41,156 shares of the technology company’s stock after selling 5,659 shares during the period. WESCO International makes up about 3.3% of Shaker Investments LLC OH’s portfolio, making the stock its 2nd biggest position. Shaker Investments LLC OH’s holdings in WESCO International were worth $7,156,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. AEGON ASSET MANAGEMENT UK Plc purchased a new position in shares of WESCO International during the fourth quarter valued at $2,256,000. First Hawaiian Bank grew its stake in WESCO International by 2.1% in the third quarter. First Hawaiian Bank now owns 5,501 shares of the technology company’s stock valued at $791,000 after purchasing an additional 113 shares during the last quarter. Amalgamated Bank grew its stake in WESCO International by 16.1% in the third quarter. Amalgamated Bank now owns 34,221 shares of the technology company’s stock valued at $4,922,000 after purchasing an additional 4,733 shares during the last quarter. Thompson Siegel & Walmsley LLC grew its stake in WESCO International by 2.6% in the third quarter. Thompson Siegel & Walmsley LLC now owns 54,985 shares of the technology company’s stock valued at $7,908,000 after purchasing an additional 1,390 shares during the last quarter. Finally, Van ECK Associates Corp grew its stake in WESCO International by 119.7% in the third quarter. Van ECK Associates Corp now owns 15,871 shares of the technology company’s stock valued at $2,283,000 after purchasing an additional 8,647 shares during the last quarter. Hedge funds and other institutional investors own 93.76% of the company’s stock.

WESCO International Stock Down 2.4 %

NYSE WCC traded down $3.95 during trading on Friday, hitting $161.56. The company’s stock had a trading volume of 669,654 shares, compared to its average volume of 580,421. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.48 and a quick ratio of 1.42. The company has a market cap of $8.23 billion, a PE ratio of 11.93, a P/E/G ratio of 1.17 and a beta of 2.06. The business’s 50 day simple moving average is $162.51 and its 200-day simple moving average is $158.28. WESCO International, Inc. has a fifty-two week low of $121.90 and a fifty-two week high of $195.43.

WESCO International (NYSE:WCC) last issued its quarterly earnings results on Tuesday, February 13th. The technology company reported $2.65 earnings per share for the quarter, missing the consensus estimate of $3.86 by ($1.21). The business had revenue of $5.50 billion during the quarter, compared to analyst estimates of $5.59 billion. WESCO International had a return on equity of 17.01% and a net margin of 3.42%. WESCO International’s revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the business posted $4.13 EPS. On average, equities analysts anticipate that WESCO International, Inc. will post 14.23 EPS for the current fiscal year.

WESCO International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.4125 dividend. This represents a $1.65 annualized dividend and a yield of 1.02%. The ex-dividend date was Thursday, March 14th. This is an increase from WESCO International’s previous quarterly dividend of $0.38. WESCO International’s dividend payout ratio (DPR) is currently 12.19%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on WCC shares. StockNews.com lowered WESCO International from a “buy” rating to a “hold” rating in a research note on Wednesday, February 14th. JPMorgan Chase & Co. cut their target price on WESCO International from $180.00 to $175.00 and set an “overweight” rating on the stock in a research note on Friday, March 15th. KeyCorp lifted their target price on WESCO International from $165.00 to $190.00 and gave the company an “overweight” rating in a research note on Thursday. Robert W. Baird cut their target price on WESCO International from $203.00 to $170.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 14th. Finally, Oppenheimer lifted their target price on WESCO International from $175.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, WESCO International currently has an average rating of “Moderate Buy” and a consensus price target of $184.67.

Insider Buying and Selling

In related news, EVP James Cameron sold 5,352 shares of WESCO International stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $156.39, for a total transaction of $836,999.28. Following the completion of the sale, the executive vice president now owns 33,595 shares of the company’s stock, valued at $5,253,922.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP James Cameron sold 5,352 shares of WESCO International stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $156.39, for a total transaction of $836,999.28. Following the completion of the sale, the executive vice president now owns 33,595 shares of the company’s stock, valued at $5,253,922.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Nelson John Squires III sold 3,490 shares of WESCO International stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $190.00, for a total value of $663,100.00. Following the sale, the executive vice president now directly owns 54,385 shares of the company’s stock, valued at approximately $10,333,150. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.

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).