Van ECK Associates Corp Acquires 512 Shares of WESCO International, Inc. (NYSE:WCC)

Van ECK Associates Corp grew its holdings in shares of WESCO International, Inc. (NYSE:WCC) by 1.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 30,178 shares of the technology company’s stock after acquiring an additional 512 shares during the period. Van ECK Associates Corp owned about 0.06% of WESCO International worth $5,461,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Burns Matteson Capital Management LLC acquired a new stake in shares of WESCO International in the 4th quarter valued at about $390,000. Farmers & Merchants Investments Inc. raised its holdings in WESCO International by 0.4% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 195,731 shares of the technology company’s stock worth $35,419,000 after buying an additional 752 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of WESCO International by 12,056.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 11,670 shares of the technology company’s stock valued at $2,112,000 after buying an additional 11,574 shares in the last quarter. Integrated Investment Consultants LLC acquired a new stake in shares of WESCO International in the 4th quarter worth about $278,000. Finally, GAMMA Investing LLC lifted 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 acquiring an additional 75 shares in the last quarter. Institutional investors own 93.76% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on WCC. Oppenheimer increased their price objective on WESCO International from $205.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, November 1st. KeyCorp lifted their price objective on WESCO International from $225.00 to $245.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Jefferies Financial Group upped their price objective on shares of WESCO International from $225.00 to $245.00 and gave the company a “buy” rating in a report on Friday, December 6th. Stephens lifted their target price on shares of WESCO International from $205.00 to $215.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Royal Bank of Canada increased their price objective on WESCO International from $212.00 to $213.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 12th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, WESCO International has a consensus rating of “Moderate Buy” and an average target price of $218.88.

WESCO International Trading Up 1.7 %

WCC opened at $200.15 on Wednesday. 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, Inc. has a 52 week low of $141.02 and a 52 week high of $216.17. The stock has a market cap of $9.81 billion, a PE ratio of 16.02, a PEG ratio of 1.34 and a beta of 2.01. The business has a 50 day moving average of $186.57 and a 200-day moving average of $180.62.

WESCO International (NYSE:WCC) last announced its quarterly earnings data 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%. Equities research analysts predict that WESCO International, Inc. will post 12.3 earnings per share for the current fiscal year.

WESCO International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a dividend of $0.4125 per share. This represents a $1.65 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend was Friday, December 13th. WESCO International’s dividend payout ratio is 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).