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

Amiral Gestion acquired a new position in WESCO International, Inc. (NYSE:WCC - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 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 largest position.

Several other large investors have also made changes to their positions in the business. V Square Quantitative Management LLC boosted its holdings in WESCO International by 39.9% in the 4th quarter. V Square Quantitative Management LLC now owns 235 shares of the technology company's stock valued at $43,000 after purchasing an additional 67 shares during the period. Whittier Trust Co. of Nevada Inc. increased its stake in 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 acquiring an additional 81 shares during the period. Millstone Evans Group LLC acquired a new position in shares of WESCO International in the 4th quarter worth approximately $122,000. Raiffeisen Bank International AG bought a new position in shares of WESCO International during the 4th quarter worth approximately $180,000. Finally, Dorsey & Whitney Trust CO LLC acquired a new stake in WESCO International in the 4th quarter valued at $204,000. Institutional investors and hedge funds own 93.76% of the company's stock.

WESCO International Price Performance

NYSE:WCC traded up $4.34 during mid-day trading on Tuesday, reaching $169.02. 549,479 shares of the company were exchanged, compared to its average volume of 742,936. WESCO International, Inc. has a 12 month low of $125.21 and a 12 month high of $216.17. The stock has a market cap of $8.25 billion, a PE ratio of 12.93, a PEG ratio of 1.45 and a beta of 1.92. The company has a quick ratio of 1.27, a current ratio of 2.20 and a debt-to-equity ratio of 1.02. The company has a fifty day moving average of $158.16 and a 200 day moving average of $177.59.

WESCO International (NYSE:WCC - Get Free Report) last released its 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). WESCO International had a return on equity of 13.63% and a net margin of 3.29%. The firm had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.27 billion. During the same quarter in the previous year, the firm earned $2.30 EPS. The company's revenue was down .1% compared to the same quarter last year. On average, research analysts anticipate that WESCO International, Inc. will post 13.3 EPS for the current fiscal 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 paid a $0.4538 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 1.07%. This is an increase from WESCO International's previous quarterly dividend of $0.41. WESCO International's dividend payout ratio is 13.69%.

Analyst Upgrades and Downgrades

WCC has been the subject of several recent analyst reports. KeyCorp dropped their price objective on WESCO International from $245.00 to $205.00 and set an "overweight" rating for the company in a research note on Monday, March 17th. JPMorgan Chase & Co. dropped their target price on shares of WESCO International from $210.00 to $180.00 and set an "overweight" rating for the company in a research report on Tuesday. Stephens boosted their price target on shares of WESCO International from $205.00 to $215.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. Loop Capital dropped 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. Finally, Oppenheimer cut their target price on shares of WESCO International from $225.00 to $195.00 and set an "outperform" rating for the company in a research note on Monday, May 5th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, WESCO International currently has an average rating of "Moderate Buy" and a consensus target price of $212.00.

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).