Systematic Financial Management LP trimmed its position in WESCO International, Inc. (NYSE:WCC) by 4.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 29,625 shares of the technology company’s stock after selling 1,505 shares during the period. Systematic Financial Management LP owned about 0.06% of WESCO International worth $1,726,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Wasatch Advisors Inc. boosted its holdings in WESCO International by 20.3% in the 2nd quarter. Wasatch Advisors Inc. now owns 2,490,581 shares of the technology company’s stock worth $142,710,000 after buying an additional 420,292 shares during the last quarter. Investec Asset Management LTD boosted its holdings in WESCO International by 24.5% in the 2nd quarter. Investec Asset Management LTD now owns 1,103,602 shares of the technology company’s stock worth $63,236,000 after buying an additional 217,004 shares during the last quarter. Polaris Capital Management LLC boosted its holdings in WESCO International by 1.5% in the 2nd quarter. Polaris Capital Management LLC now owns 565,111 shares of the technology company’s stock worth $32,381,000 after buying an additional 8,500 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in WESCO International by 5.4% in 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 buying an additional 22,204 shares during the last quarter. Finally, Frontier Capital Management Co. LLC boosted its holdings in WESCO International by 2.2% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 399,583 shares of the technology company’s stock worth $23,276,000 after buying an additional 8,560 shares during the last quarter.

WCC has been the topic of several research analyst reports. Standpoint Research upgraded WESCO International from a “hold” rating to a “buy” rating and set a $63.00 price objective on the stock in a report on Thursday, August 3rd. KeyCorp restated 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 upgraded WESCO International from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a report on Tuesday, October 31st. Robert W. Baird restated a “hold” rating and set a $56.00 target price on shares of WESCO International in a report on Wednesday, October 4th. Finally, ValuEngine cut WESCO International from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. WESCO International currently has a consensus rating of “Hold” and a consensus target price of $68.38.

WESCO International, Inc. (NYSE:WCC) traded down $0.65 on Friday, reaching $62.30. The company had a trading volume of 90,284 shares, compared to its average volume of 329,925. WESCO International, Inc. has a 12-month low of $48.95 and a 12-month high of $76.15. The firm has a market capitalization of $2,928.22, a PE ratio of 16.14, a PEG ratio of 1.61 and a beta of 1.95. The company has a quick ratio of 1.42, a current ratio of 2.31 and a debt-to-equity ratio of 0.65.

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

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About WESCO International

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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