Amiral Gestion Invests $796,000 in WESCO International, Inc. (NYSE:WCC)

Amiral Gestion purchased a new position in shares of WESCO International, Inc. (NYSE:WCC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,400 shares of the technology company's stock, valued at approximately $796,000. WESCO International accounts for approximately 0.5% of Amiral Gestion's investment portfolio, making the stock its 21st biggest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in WCC. Covestor Ltd lifted its position in shares of WESCO International by 5.5% during the 4th quarter. Covestor Ltd now owns 1,198 shares of the technology company's stock valued at $216,000 after acquiring an additional 62 shares during the last quarter. V Square Quantitative Management LLC increased its position in WESCO International by 39.9% during the fourth quarter. V Square Quantitative Management LLC now owns 235 shares of the technology company's stock worth $43,000 after buying an additional 67 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in shares of WESCO International by 43.5% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 267 shares of the technology company's stock valued at $48,000 after purchasing an additional 81 shares during the last quarter. Van ECK Associates Corp lifted its stake in WESCO International by 1.7% during the fourth quarter. Van ECK Associates Corp now owns 30,178 shares of the technology company's stock worth $5,461,000 after purchasing an additional 512 shares during the period. Finally, Hudson Edge Investment Partners Inc. raised its stake in shares of WESCO International by 17.1% in the fourth quarter. Hudson Edge Investment Partners Inc. now owns 4,552 shares of the technology company's stock valued at $824,000 after acquiring an additional 666 shares during the last quarter. Hedge funds and other institutional investors own 93.76% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on WCC. Stephens raised their price target on WESCO International from $205.00 to $215.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Loop Capital lowered their price target on shares of WESCO International from $250.00 to $220.00 and set a "buy" rating on the stock in a report on Monday, May 12th. Oppenheimer reduced their price target on shares of WESCO International from $225.00 to $195.00 and set an "outperform" rating on the stock in a research report on Monday, May 5th. JPMorgan Chase & Co. cut their target price on shares of WESCO International from $210.00 to $180.00 and set an "overweight" rating on the stock in a research report on Tuesday. Finally, Wall Street Zen downgraded shares of WESCO International from a "buy" rating to a "hold" rating in a research note on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $212.00.

WESCO International Price Performance

Shares of WCC traded down $0.77 during mid-day trading on Thursday, reaching $171.89. The stock had a trading volume of 354,076 shares, compared to its average volume of 744,432. The firm has a market cap of $8.39 billion, a price-to-earnings ratio of 13.15, a PEG ratio of 1.45 and a beta of 1.92. WESCO International, Inc. has a 12 month low of $125.21 and a 12 month high of $216.17. The business has a fifty day moving average of $158.43 and a 200 day moving average of $177.49. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.27 and a current ratio of 2.20.

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

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).