Gabelli Funds LLC Buys New Holdings in WESCO International, Inc. (NYSE:WCC)

Gabelli Funds LLC purchased a new stake in WESCO International, Inc. (NYSE:WCC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 3,500 shares of the technology company's stock, valued at approximately $633,000.

Several other large investors also recently bought and sold shares of the company. Burns Matteson Capital Management LLC acquired a new position in shares of WESCO International during the 4th quarter valued at about $390,000. Handelsbanken Fonder AB increased its holdings in shares of WESCO International by 167.3% in the 4th quarter. Handelsbanken Fonder AB now owns 192,182 shares of the technology company's stock valued at $34,777,000 after acquiring an additional 120,289 shares during the last quarter. Integrated Investment Consultants LLC purchased a new stake in WESCO International in the fourth quarter valued at $278,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of WESCO International by 12,056.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 11,670 shares of the technology company's stock valued at $2,112,000 after acquiring an additional 11,574 shares during the period. Finally, Van ECK Associates Corp lifted its position in WESCO International by 1.7% during the 4th quarter. Van ECK Associates Corp now owns 30,178 shares of the technology company's stock worth $5,461,000 after acquiring an additional 512 shares during the period. 93.76% of the stock is currently owned by hedge funds and other institutional investors.

WESCO International Price Performance

WCC stock traded up $0.76 on Friday, hitting $161.68. 134,904 shares of the company's stock traded hands, compared to its average volume of 791,891. The stock has a market cap of $7.89 billion, a price-to-earnings ratio of 12.37, a P/E/G ratio of 1.45 and a beta of 1.83. WESCO International, Inc. has a 1-year low of $125.21 and a 1-year high of $216.17. The company has a current ratio of 2.20, a quick ratio of 1.27 and a debt-to-equity ratio of 1.02. The stock has a fifty day moving average of $161.31 and a 200-day moving average of $180.09.

WESCO International (NYSE:WCC - Get Free Report) last issued its earnings results on Tuesday, February 11th. The technology company reported $3.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.23 by ($0.07). WESCO International had a return on equity of 13.63% and a net margin of 3.29%. On average, analysts forecast that WESCO International, Inc. will post 13.3 EPS for the current fiscal year.

WESCO International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $0.4538 per share. This represents a $1.82 annualized dividend and a yield of 1.12%. This is a positive change from WESCO International's previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Friday, March 14th. WESCO International's payout ratio is presently 13.85%.

Analyst Ratings Changes

A number of research firms recently weighed in on WCC. KeyCorp decreased their price target on WESCO International from $245.00 to $205.00 and set an "overweight" rating on the stock in a research note on Monday, March 17th. Royal Bank of Canada raised their price target on shares of WESCO International from $212.00 to $213.00 and gave the company a "sector perform" rating in a report on Wednesday, February 12th. Stephens raised their price target on shares of WESCO International from $205.00 to $215.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Finally, StockNews.com downgraded shares of WESCO International from a "buy" rating to a "hold" rating in a research report on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $219.43.

WESCO International Company 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).