WESCO International, Inc. (NYSE:WCC) Shares Bought by V Square Quantitative Management LLC

V Square Quantitative Management LLC raised its stake in WESCO International, Inc. (NYSE:WCC) by 39.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 235 shares of the technology company’s stock after acquiring an additional 67 shares during the period. V Square Quantitative Management LLC’s holdings in WESCO International were worth $43,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Geode Capital Management LLC raised its holdings in shares of WESCO International by 3.0% in the third quarter. Geode Capital Management LLC now owns 762,653 shares of the technology company’s stock valued at $128,143,000 after buying an additional 22,080 shares during the last quarter. Thompson Siegel & Walmsley LLC raised its holdings in shares of WESCO International by 341.8% in the third quarter. Thompson Siegel & Walmsley LLC now owns 258,486 shares of the technology company’s stock valued at $43,420,000 after buying an additional 199,975 shares during the last quarter. Farmers & Merchants Investments Inc. raised its holdings in shares of WESCO International by 0.4% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 195,731 shares of the technology company’s stock valued at $35,419,000 after buying an additional 752 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc raised its holdings in shares of WESCO International by 0.5% in the third quarter. AEGON ASSET MANAGEMENT UK Plc now owns 186,081 shares of the technology company’s stock valued at $31,258,000 after buying an additional 983 shares during the last quarter. Finally, Van ECK Associates Corp raised its holdings in shares of WESCO International by 1.7% in the fourth quarter. Van ECK Associates Corp now owns 30,178 shares of the technology company’s stock valued at $5,461,000 after buying an additional 512 shares during the last quarter. Institutional investors and hedge funds own 93.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Jefferies Financial Group increased their price target 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. Stephens increased their price target on shares of WESCO International from $190.00 to $205.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Robert W. Baird increased their price target on shares of WESCO International from $215.00 to $223.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. StockNews.com cut shares of WESCO International from a “buy” rating to a “hold” rating in a report on Wednesday, February 12th. Finally, Royal Bank of Canada increased their price target on shares of WESCO International from $212.00 to $213.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, WESCO International currently has an average rating of “Moderate Buy” and a consensus target price of $217.63.

WESCO International Trading Up 1.6 %

Shares of WESCO International stock opened at $196.84 on Tuesday. WESCO International, Inc. has a 12-month low of $141.02 and a 12-month high of $216.17. The company has a current ratio of 2.21, a quick ratio of 1.29 and a debt-to-equity ratio of 0.99. The stock has a market cap of $9.65 billion, a PE ratio of 15.76, a price-to-earnings-growth ratio of 1.34 and a beta of 2.01. The company has a 50-day moving average of $186.52 and a two-hundred day moving average of $180.29.

WESCO International (NYSE:WCC) last released its quarterly earnings results on Tuesday, February 11th. The technology company reported $3.16 EPS for the quarter, missing the consensus estimate of $3.23 by ($0.07). WESCO International had a net margin of 3.19% and a return on equity of 13.19%. On average, research analysts anticipate that WESCO International, Inc. will post 12.3 EPS for the current fiscal 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 given a $0.4125 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.65 annualized dividend and a dividend yield of 0.84%. WESCO International’s dividend payout ratio is presently 13.21%.

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).