Keeley Teton Advisors LLC Trims Stake in WESCO International, Inc. (NYSE:WCC)

Keeley Teton Advisors LLC reduced its position in WESCO International, Inc. (NYSE:WCC) by 2.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 12,715 shares of the technology company’s stock after selling 349 shares during the period. Keeley Teton Advisors LLC’s holdings in WESCO International were worth $2,178,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Rise Advisors LLC purchased a new stake in WESCO International during the 1st quarter valued at approximately $26,000. GAMMA Investing LLC purchased a new stake in WESCO International during the 4th quarter valued at approximately $56,000. TimesSquare Capital Management LLC purchased a new stake in WESCO International during the 1st quarter valued at approximately $463,000. Hudson Edge Investment Partners Inc. raised its stake in WESCO International by 16.3% during the 4th quarter. Hudson Edge Investment Partners Inc. now owns 2,733 shares of the technology company’s stock valued at $475,000 after acquiring an additional 384 shares during the last quarter. Finally, Motley Fool Asset Management LLC purchased a new stake in WESCO International during the 1st quarter valued at approximately $543,000. 93.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at WESCO International

In other news, major shareholder Equity Investors Vii L. Green sold 1,750,000 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $173.02, for a total value of $302,785,000.00. Following the completion of the sale, the insider now owns 2,134,683 shares of the company’s stock, valued at approximately $369,342,852.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, major shareholder Equity Investors Vii L. Green sold 1,750,000 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $173.02, for a total value of $302,785,000.00. Following the completion of the sale, the insider now owns 2,134,683 shares of the company’s stock, valued at approximately $369,342,852.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Christine Ann Wolf sold 4,486 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $190.13, for a total transaction of $852,923.18. Following the completion of the sale, the executive vice president now directly owns 30,304 shares of the company’s stock, valued at approximately $5,761,699.52. The disclosure for this sale can be found here. Insiders have sold 1,754,960 shares of company stock valued at $303,728,784 over the last three months. 3.10% of the stock is owned by company insiders.

WESCO International Price Performance

Shares of WCC traded up $2.60 on Friday, reaching $170.50. The stock had a trading volume of 523,965 shares, compared to its average volume of 624,196. The firm has a market capitalization of $8.67 billion, a PE ratio of 14.20, a PEG ratio of 1.19 and a beta of 2.06. The company has a quick ratio of 1.33, a current ratio of 2.21 and a debt-to-equity ratio of 1.04. The firm has a 50-day moving average of $170.76 and a 200 day moving average of $167.35. WESCO International, Inc. has a twelve month low of $122.30 and a twelve month high of $195.43.

WESCO International (NYSE:WCC) last released its quarterly earnings results on Thursday, May 2nd. The technology company reported $2.30 earnings per share for the quarter, missing analysts’ consensus estimates of $2.43 by ($0.13). WESCO International had a return on equity of 15.10% and a net margin of 3.08%. The firm had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.30 billion. During the same quarter in the prior year, the company earned $3.75 EPS. The business’s revenue was down 3.1% on a year-over-year basis. Sell-side analysts expect that WESCO International, Inc. will post 14.07 EPS for the current year.

WESCO International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a $0.4125 dividend. This represents a $1.65 annualized dividend and a yield of 0.97%. The ex-dividend date was Friday, June 14th. WESCO International’s dividend payout ratio (DPR) is presently 13.74%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Baird R W downgraded WESCO International from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 29th. Oppenheimer increased their target price on WESCO International from $190.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Royal Bank of Canada reissued a “sector perform” rating and set a $172.00 target price on shares of WESCO International in a research note on Thursday, June 20th. Robert W. Baird reissued a “neutral” rating and set a $195.00 target price (down from $200.00) on shares of WESCO International in a research note on Wednesday, May 29th. Finally, Loop Capital increased their target price on WESCO International from $190.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $191.17.

WESCO International 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).