Captrust Financial Advisors Purchases 6,827 Shares of WESCO International, Inc. (NYSE:WCC)

Captrust Financial Advisors grew its position in WESCO International, Inc. (NYSE:WCC - Free Report) by 538.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,096 shares of the technology company's stock after purchasing an additional 6,827 shares during the period. Captrust Financial Advisors' holdings in WESCO International were worth $1,465,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ameriprise Financial Inc. increased its holdings in WESCO International by 149.3% during the fourth quarter. Ameriprise Financial Inc. now owns 255,035 shares of the technology company's stock worth $46,148,000 after buying an additional 152,727 shares during the last quarter. Handelsbanken Fonder AB increased its holdings in WESCO International by 167.3% during the fourth quarter. Handelsbanken Fonder AB now owns 192,182 shares of the technology company's stock worth $34,777,000 after buying an additional 120,289 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in WESCO International by 62.9% during the fourth quarter. Russell Investments Group Ltd. now owns 215,002 shares of the technology company's stock worth $38,906,000 after buying an additional 83,031 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in WESCO International by 12,056.3% during the fourth 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 last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in WESCO International during the fourth quarter worth about $2,060,000. Hedge funds and other institutional investors own 93.76% of the company's stock.

WESCO International Price Performance

Shares of WCC stock traded down $1.97 during trading hours on Monday, reaching $171.34. The stock had a trading volume of 514,093 shares, compared to its average volume of 749,480. The stock's fifty day simple moving average is $157.74 and its 200 day simple moving average is $178.74. 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. The firm has a market capitalization of $8.36 billion, a PE ratio of 13.11, a PEG ratio of 1.45 and a beta of 1.92.

WESCO International (NYSE:WCC - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The technology company reported $2.21 EPS for the quarter, missing analysts' consensus estimates of $2.23 by ($0.02). WESCO International had a net margin of 3.29% and a return on equity of 13.63%. The firm had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.27 billion. During the same quarter last year, the business posted $2.30 earnings per share. WESCO International's revenue was down .1% compared to the same quarter last year. On average, equities research analysts predict that WESCO International, Inc. will post 13.3 EPS for the current year.

WESCO International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a $0.4538 dividend. This is a positive change from WESCO International's previous quarterly dividend of $0.41. This represents a $1.82 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend was Friday, March 14th. WESCO International's dividend payout ratio (DPR) is 13.69%.

Analysts Set New Price Targets

WCC has been the subject of a number of research analyst reports. Loop Capital decreased their price objective on shares of WESCO International from $250.00 to $220.00 and set a "buy" rating for the company in a report on Monday, May 12th. StockNews.com downgraded shares of WESCO International from a "buy" rating to a "hold" rating in a report on Wednesday, February 12th. Oppenheimer decreased their price objective on shares of WESCO International from $225.00 to $195.00 and set an "outperform" rating for the company in a report on Monday, May 5th. KeyCorp cut their target price on shares of WESCO International from $245.00 to $205.00 and set an "overweight" rating for the company in a research report on Monday, March 17th. Finally, Stephens increased their target price on shares of WESCO International from $205.00 to $215.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $216.57.

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).