6,045 Shares in WESCO International, Inc. (NYSE:WCC) Purchased by Jaffetilchin Investment Partners LLC

Jaffetilchin Investment Partners LLC acquired a new stake in shares of WESCO International, Inc. (NYSE:WCC - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,045 shares of the technology company's stock, valued at approximately $1,094,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. V Square Quantitative Management LLC increased its stake in WESCO International by 39.9% in the fourth quarter. V Square Quantitative Management LLC now owns 235 shares of the technology company's stock valued at $43,000 after acquiring an additional 67 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in shares of WESCO International by 43.5% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 267 shares of the technology company's stock worth $48,000 after acquiring an additional 81 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of WESCO International by 25.0% in the fourth quarter. GAMMA Investing LLC now owns 375 shares of the technology company's stock worth $68,000 after acquiring an additional 75 shares during the last quarter. Millstone Evans Group LLC bought a new position in shares of WESCO International in the fourth quarter worth approximately $122,000. Finally, Dorsey & Whitney Trust CO LLC bought a new stake in shares of WESCO International in the fourth quarter worth approximately $204,000. 93.76% of the stock is owned by institutional investors.

WESCO International Stock Up 3.0 %

NYSE WCC traded up $4.50 during trading on Thursday, hitting $152.41. 298,202 shares of the company traded hands, compared to its average volume of 760,993. The company has a market capitalization of $7.44 billion, a P/E ratio of 11.65, a PEG ratio of 1.45 and a beta of 1.83. The business has a fifty day simple moving average of $166.13 and a 200 day simple moving average of $180.66. The company has a current ratio of 2.20, a quick ratio of 1.27 and a debt-to-equity ratio of 1.02. WESCO International, Inc. has a 12 month low of $125.21 and a 12 month high of $216.17.

WESCO International (NYSE:WCC - Get Free Report) last issued its 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 3.29% and a return on equity of 13.63%. As a group, sell-side analysts predict that WESCO International, Inc. will post 13.3 EPS for the current year.

WESCO International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a dividend of $0.4538 per share. The ex-dividend date was Friday, March 14th. This represents a $1.82 annualized dividend and a dividend yield of 1.19%. This is an increase from WESCO International's previous quarterly dividend of $0.41. WESCO International's dividend payout ratio (DPR) is presently 13.85%.

Analysts Set New Price Targets

WCC has been the topic of several research analyst reports. StockNews.com downgraded WESCO International from a "buy" rating to a "hold" rating in a research report on Wednesday, February 12th. KeyCorp dropped their price objective on shares of WESCO International from $245.00 to $205.00 and set an "overweight" rating on the stock in a research note on Monday, March 17th. Stephens upped their target price on WESCO International from $205.00 to $215.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. Finally, Royal Bank of Canada boosted their price objective on WESCO International from $212.00 to $213.00 and gave the stock a "sector perform" rating in a research note on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $219.43.

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).