MassMutual Private Wealth & Trust FSB Buys 11,574 Shares of WESCO International, Inc. (NYSE:WCC)

MassMutual Private Wealth & Trust FSB increased its stake in shares of WESCO International, Inc. (NYSE:WCC) by 12,056.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,670 shares of the technology company’s stock after purchasing an additional 11,574 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in WESCO International were worth $2,112,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. V Square Quantitative Management LLC bought a new position in WESCO International in the third quarter worth approximately $28,000. GAMMA Investing LLC raised its stake in WESCO International by 25.0% during the 4th quarter. GAMMA Investing LLC now owns 375 shares of the technology company’s stock valued at $68,000 after purchasing an additional 75 shares during the period. UMB Bank n.a. lifted its holdings in shares of WESCO International by 18.3% in the third quarter. UMB Bank n.a. now owns 633 shares of the technology company’s stock worth $106,000 after buying an additional 98 shares in the last quarter. Highland Capital Management LLC bought a new position in shares of WESCO International during the 3rd quarter valued at about $221,000. Finally, Innealta Capital LLC boosted its stake in WESCO International by 68.0% during the third quarter. Innealta Capital LLC now owns 1,606 shares of the technology company’s stock valued at $270,000 after buying an additional 650 shares during the last quarter. Institutional investors own 93.76% of the company’s stock.

Insider Buying and Selling

In related news, CFO David S. Schulz sold 14,938 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $206.55, for a total value of $3,085,443.90. Following the completion of the sale, the chief financial officer now owns 104,471 shares of the company’s stock, valued at approximately $21,578,485.05. The trade was a 12.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP William Clayton Geary sold 2,829 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $205.73, for a total transaction of $582,010.17. Following the transaction, the executive vice president now owns 35,063 shares of the company’s stock, valued at approximately $7,213,510.99. This trade represents a 7.47 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,767 shares of company stock valued at $5,567,454. Corporate insiders own 3.10% of the company’s stock.

WESCO International Stock Down 1.0 %

WCC stock opened at $191.73 on Tuesday. The firm has a 50 day moving average of $193.73 and a 200 day moving average of $177.21. The stock has a market capitalization of $9.39 billion, a PE ratio of 15.35, a price-to-earnings-growth ratio of 1.37 and a beta of 2.02. WESCO International, Inc. has a 52 week low of $132.37 and a 52 week high of $216.17. The company has a quick ratio of 1.29, a current ratio of 2.21 and a debt-to-equity ratio of 0.99.

WESCO International (NYSE:WCC) last released its earnings results on Thursday, October 31st. The technology company reported $3.58 EPS for the quarter, topping analysts’ consensus estimates of $3.22 by $0.36. WESCO International had a return on equity of 13.19% and a net margin of 3.19%. The firm had revenue of $5.49 billion during the quarter, compared to the consensus estimate of $5.46 billion. During the same quarter in the previous year, the company posted $4.49 earnings per share. The company’s revenue was down 2.7% compared to the same quarter last year. Sell-side analysts forecast that WESCO International, Inc. will post 12.3 earnings per share for the current year.

WESCO International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a $0.4125 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.65 annualized dividend and a yield of 0.86%. WESCO International’s dividend payout ratio is presently 13.21%.

Analyst Ratings Changes

A number of research firms have recently weighed in on WCC. Jefferies Financial Group boosted their target price on shares of WESCO International from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, December 6th. KeyCorp boosted their target price on shares of WESCO International from $225.00 to $245.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Baird R W raised shares of WESCO International from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. StockNews.com upgraded WESCO International from a “hold” rating to a “buy” rating in a report on Friday. Finally, Robert W. Baird increased their price objective on shares of WESCO International from $215.00 to $223.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $215.88.

About WESCO International

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).