Blue Edge Capital LLC Sells 1,971 Shares of WESCO International, Inc. (NYSE:WCC)

Blue Edge Capital LLC cut its stake in shares of WESCO International, Inc. (NYSE:WCC - Free Report) by 30.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,556 shares of the technology company's stock after selling 1,971 shares during the period. Blue Edge Capital LLC's holdings in WESCO International were worth $824,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of WCC. Geode Capital Management LLC raised its stake in shares of WESCO International by 3.0% during the third quarter. Geode Capital Management LLC now owns 762,653 shares of the technology company's stock valued at $128,143,000 after acquiring an additional 22,080 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in WESCO International during the third quarter worth $592,000. GAMMA Investing LLC grew its holdings in WESCO International by 25.0% during the 4th 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 period. Integrated Investment Consultants LLC acquired a new position in WESCO International in the fourth quarter valued at approximately $278,000. Finally, MassMutual Private Wealth & Trust FSB grew its position in shares of WESCO International by 12,056.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 11,670 shares of the technology company's stock worth $2,112,000 after buying an additional 11,574 shares during the period. 93.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

WCC has been the subject of a number of research reports. StockNews.com cut shares of WESCO International from a "buy" rating to a "hold" rating in a report on Wednesday, February 12th. KeyCorp decreased their target price on WESCO International from $245.00 to $205.00 and set an "overweight" rating for the company in a research report on Monday, March 17th. Stephens increased their price target on WESCO International from $205.00 to $215.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Finally, Royal Bank of Canada upped their target price on WESCO International from $212.00 to $213.00 and gave the stock a "sector perform" rating in a research report on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, WESCO International presently has a consensus rating of "Moderate Buy" and a consensus price target of $219.43.

WESCO International Stock Performance

Shares of NYSE WCC traded down $0.86 during mid-day trading on Tuesday, reaching $149.28. 123,433 shares of the company's stock were exchanged, compared to its average volume of 760,369. WESCO International, Inc. has a 52 week low of $125.21 and a 52 week high of $216.17. The firm has a 50-day moving average price of $167.64 and a two-hundred day moving average price of $181.10. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.20 and a quick ratio of 1.27. The firm has a market capitalization of $7.28 billion, a price-to-earnings ratio of 11.42, a price-to-earnings-growth ratio of 1.45 and a beta of 1.83.

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 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%. Analysts predict that WESCO International, Inc. will post 13.3 EPS for the current year.

WESCO International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a $0.4538 dividend. The ex-dividend date was Friday, March 14th. This is a boost from WESCO International's previous quarterly dividend of $0.41. This represents a $1.82 annualized dividend and a dividend yield of 1.22%. WESCO International's payout ratio is 13.85%.

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).