Rise Advisors LLC Makes New $26,000 Investment in WESCO International, Inc. (NYSE:WCC)

Rise Advisors LLC bought a new stake in shares of WESCO International, Inc. (NYSE:WCC) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 153 shares of the technology company’s stock, valued at approximately $26,000.

Several other large investors also recently modified their holdings of the business. KB Financial Partners LLC boosted its holdings in WESCO International by 76.8% in the third quarter. KB Financial Partners LLC now owns 198 shares of the technology company’s stock valued at $28,000 after purchasing an additional 86 shares during the last quarter. Anchor Investment Management LLC acquired a new stake in shares of WESCO International during the fourth quarter worth approximately $48,000. GAMMA Investing LLC acquired a new stake in shares of WESCO International during the fourth quarter worth approximately $56,000. Richelieu Gestion SA bought a new stake in shares of WESCO International in the fourth quarter worth $122,000. Finally, iA Global Asset Management Inc. acquired a new stake in WESCO International in the third quarter valued at $164,000. 93.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at WESCO International

In other WESCO International news, CAO Matthew S. Kulasa sold 474 shares of WESCO International stock in a transaction on Friday, May 24th. The stock was sold at an average price of $191.69, for a total transaction of $90,861.06. Following the sale, the chief accounting officer now owns 3,555 shares of the company’s stock, valued at approximately $681,457.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CAO Matthew S. Kulasa sold 474 shares of the firm’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $191.69, for a total transaction of $90,861.06. Following the transaction, the chief accounting officer now directly owns 3,555 shares of the company’s stock, valued at $681,457.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Christine Ann Wolf sold 4,486 shares of WESCO International stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $190.13, for a total transaction of $852,923.18. Following the sale, the executive vice president now owns 30,304 shares in the company, valued at $5,761,699.52. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,754,960 shares of company stock worth $303,728,784. Company insiders own 3.10% of the company’s stock.

WESCO International Price Performance

Shares of WCC opened at $164.18 on Friday. WESCO International, Inc. has a 12 month low of $122.30 and a 12 month high of $195.43. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.21 and a quick ratio of 1.33. The stock has a fifty day moving average price of $171.55 and a 200 day moving average price of $168.50. The company has a market cap of $8.35 billion, a P/E ratio of 13.67, a PEG ratio of 1.17 and a beta of 2.06.

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

WESCO International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.4125 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 1.00%. WESCO International’s dividend payout ratio (DPR) is presently 13.74%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on WCC. StockNews.com downgraded shares of WESCO International from a “buy” rating to a “hold” rating in a research report on Saturday, June 8th. Baird R W cut WESCO International from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 29th. JPMorgan Chase & Co. decreased their target price on WESCO International from $180.00 to $175.00 and set an “overweight” rating for the company in a research report on Friday, March 15th. KeyCorp upped their price target on WESCO International from $190.00 to $205.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. Finally, Oppenheimer lifted their price objective on shares of WESCO International from $190.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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).