Wasatch Advisors Inc. decreased its stake in WESCO International, Inc. (NYSE:WCC) by 1.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,444,215 shares of the technology company’s stock after selling 41,032 shares during the period. WESCO International comprises about 2.2% of Wasatch Advisors Inc.’s investment portfolio, making the stock its 5th biggest position. Wasatch Advisors Inc. owned 0.05% of WESCO International worth $166,573,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in WCC. Neuberger Berman Group LLC grew its holdings in shares of WESCO International by 3.4% during the 2nd quarter. Neuberger Berman Group LLC now owns 9,878 shares of the technology company’s stock valued at $566,000 after purchasing an additional 326 shares during the last quarter. TIAA CREF Investment Management LLC grew its holdings in shares of WESCO International by 0.8% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 81,095 shares of the technology company’s stock valued at $4,647,000 after purchasing an additional 659 shares during the last quarter. Amalgamated Bank grew its holdings in shares of WESCO International by 26.3% during the 2nd quarter. Amalgamated Bank now owns 8,789 shares of the technology company’s stock valued at $504,000 after purchasing an additional 1,831 shares during the last quarter. Investec Asset Management LTD grew its holdings in shares of WESCO International by 24.5% during the 2nd quarter. Investec Asset Management LTD now owns 1,103,602 shares of the technology company’s stock valued at $63,236,000 after purchasing an additional 217,004 shares during the last quarter. Finally, New York State Common Retirement Fund grew its holdings in shares of WESCO International by 10.6% during the 2nd quarter. New York State Common Retirement Fund now owns 208,454 shares of the technology company’s stock valued at $11,944,000 after purchasing an additional 19,953 shares during the last quarter. 98.74% of the stock is currently owned by institutional investors.

In other news, Director James Louis Singleton sold 3,288 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 19,477 shares of the company’s stock, valued at approximately $1,251,397.25. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.90% of the company’s stock.

Shares of WESCO International, Inc. (WCC) traded down $1.15 during trading on Tuesday, reaching $66.15. 225,351 shares of the company’s stock were exchanged, compared to its average volume of 414,490. The company has a market cap of $3,130.00, a price-to-earnings ratio of 17.01, a PEG ratio of 1.56 and a beta of 1.95. WESCO International, Inc. has a 1-year low of $48.95 and a 1-year high of $76.15. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.42 and a current ratio of 2.31.

WESCO International (NYSE:WCC) last announced its quarterly earnings results on Thursday, October 26th. The technology company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.09. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.93 billion. WESCO International had a net margin of 2.52% and a return on equity of 9.11%. The company’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.05 EPS. sell-side analysts expect that WESCO International, Inc. will post 3.88 earnings per share for the current year.

WESCO International announced that its board has approved a stock buyback program on Wednesday, December 13th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the technology company to purchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

Several equities analysts recently commented on WCC shares. KeyCorp reaffirmed a “buy” rating and set a $64.00 target price on shares of WESCO International in a report on Thursday, October 12th. Zacks Investment Research raised shares of WESCO International from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a report on Tuesday, October 31st. ValuEngine raised shares of WESCO International from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Robert W. Baird reissued a “hold” rating and issued a $56.00 price target on shares of WESCO International in a report on Wednesday, October 4th. Finally, Standpoint Research lowered shares of WESCO International from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. WESCO International has an average rating of “Hold” and a consensus target price of $68.54.

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WESCO International Company 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.

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

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