WESCO International, Inc. (NYSE:WCC) Shares Sold by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB lowered its holdings in WESCO International, Inc. (NYSE:WCC) by 80.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 673 shares of the technology company’s stock after selling 2,849 shares during the period. Wilmington Savings Fund Society FSB’s holdings in WESCO International were worth $122,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Thompson Siegel & Walmsley LLC raised its position in shares of WESCO International by 341.8% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 258,486 shares of the technology company’s stock valued at $43,420,000 after purchasing an additional 199,975 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in WESCO International by 142.8% in the third quarter. Harbor Capital Advisors Inc. now owns 30,063 shares of the technology company’s stock valued at $5,050,000 after acquiring an additional 17,682 shares in the last quarter. Geode Capital Management LLC boosted its stake in WESCO International by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 762,653 shares of the technology company’s stock valued at $128,143,000 after acquiring an additional 22,080 shares during the last quarter. EMC Capital Management grew its holdings in WESCO International by 580.8% during the 3rd quarter. EMC Capital Management now owns 16,094 shares of the technology company’s stock worth $2,703,000 after acquiring an additional 13,730 shares in the last quarter. Finally, Integrated Investment Consultants LLC bought a new stake in shares of WESCO International in the 4th quarter worth about $278,000. Institutional investors and hedge funds own 93.76% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. StockNews.com cut shares of WESCO International from a “buy” rating to a “hold” rating in a research report on Wednesday. Stephens increased their target price on WESCO International from $190.00 to $205.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Jefferies Financial Group boosted their price target on WESCO International from $225.00 to $245.00 and gave the company a “buy” rating in a report on Friday, December 6th. Robert W. Baird raised their price objective on WESCO International from $215.00 to $223.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, Royal Bank of Canada lifted their price objective on shares of WESCO International from $212.00 to $213.00 and gave the stock a “sector perform” rating in a report on Wednesday. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $217.63.

WESCO International Price Performance

Shares of WCC opened at $193.63 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.21 and a quick ratio of 1.29. The company has a market cap of $9.49 billion, a P/E ratio of 15.50, a PEG ratio of 1.34 and a beta of 2.01. WESCO International, Inc. has a 12 month low of $138.67 and a 12 month high of $216.17. The stock has a fifty day moving average price of $186.84 and a 200 day moving average price of $179.75.

WESCO International (NYSE:WCC) last released its quarterly earnings data on Tuesday, February 11th. The technology company reported $3.16 earnings per share for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.07). WESCO International had a return on equity of 13.19% and a net margin of 3.19%. On average, research analysts forecast that WESCO International, Inc. will post 12.3 earnings per share for the current year.

WESCO International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a dividend of $0.4125 per share. The ex-dividend date was Friday, December 13th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 0.85%. WESCO International’s dividend payout ratio (DPR) is presently 13.21%.

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).