Tocqueville Asset Management L.P. trimmed its holdings in WESCO International, Inc. (NYSE:WCC) by 2.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 187,300 shares of the technology company’s stock after selling 5,000 shares during the quarter. Tocqueville Asset Management L.P. owned approximately 0.40% of WESCO International worth $11,510,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Investec Asset Management LTD raised its holdings in shares of WESCO International by 6.6% in the second quarter. Investec Asset Management LTD now owns 1,097,115 shares of the technology company’s stock worth $62,645,000 after buying an additional 68,275 shares during the period. Polaris Capital Management LLC increased its holdings in WESCO International by 9.6% during the 3rd quarter. Polaris Capital Management LLC now owns 745,058 shares of the technology company’s stock worth $45,784,000 after purchasing an additional 65,047 shares during the period. Frontier Capital Management Co. LLC increased its holdings in WESCO International by 37.9% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 545,655 shares of the technology company’s stock worth $33,531,000 after purchasing an additional 149,896 shares during the period. Russell Investments Group Ltd. increased its holdings in WESCO International by 5.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 416,540 shares of the technology company’s stock worth $25,592,000 after purchasing an additional 23,252 shares during the period. Finally, Canada Pension Plan Investment Board increased its holdings in WESCO International by 9.7% during the 3rd quarter. Canada Pension Plan Investment Board now owns 346,400 shares of the technology company’s stock worth $21,286,000 after purchasing an additional 30,500 shares during the period. Hedge funds and other institutional investors own 96.67% of the company’s stock.

WCC opened at $51.77 on Friday. The firm has a market cap of $2.38 billion, a price-to-earnings ratio of 13.10, a PEG ratio of 1.06 and a beta of 1.86. WESCO International, Inc. has a 52 week low of $47.44 and a 52 week high of $69.35. The company has a current ratio of 2.38, a quick ratio of 1.50 and a debt-to-equity ratio of 0.55.

WESCO International (NYSE:WCC) last released its quarterly earnings data on Thursday, November 1st. The technology company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.36 by $0.05. The company had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.11 billion. WESCO International had a return on equity of 10.09% and a net margin of 2.35%. WESCO International’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period last year, the business posted $1.12 EPS. On average, equities research analysts forecast that WESCO International, Inc. will post 4.81 EPS for the current fiscal year.

Several research firms have commented on WCC. UBS Group raised their price objective on WESCO International from $68.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, August 30th. Zacks Investment Research downgraded WESCO International from a “buy” rating to a “hold” rating and set a $58.00 price objective on the stock. in a report on Saturday, November 17th. Robert W. Baird reduced their price objective on WESCO International from $68.00 to $66.00 and set a “neutral” rating on the stock in a report on Friday, November 2nd. Standpoint Research upgraded WESCO International from a “hold” rating to a “buy” rating in a report on Friday, October 12th. Finally, ValuEngine downgraded WESCO International from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 24th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. WESCO International presently has a consensus rating of “Hold” and an average target price of $63.75.

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WESCO International Profile

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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