Amiral Gestion Acquires New Shares in WESCO International, Inc. (NYSE:WCC)

Amiral Gestion purchased a new stake in shares of WESCO International, Inc. (NYSE:WCC - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,400 shares of the technology company's stock, valued at approximately $796,000. WESCO International makes up about 0.5% of Amiral Gestion's investment portfolio, making the stock its 21st largest position.

Several other hedge funds and other institutional investors also recently made changes to their positions in WCC. Farmers & Merchants Investments Inc. increased its stake in shares of WESCO International by 0.4% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 195,731 shares of the technology company's stock valued at $35,419,000 after buying an additional 752 shares during the period. Burns Matteson Capital Management LLC bought a new position in shares of WESCO International in the 4th quarter worth $390,000. Van ECK Associates Corp boosted its position in shares of WESCO International by 1.7% in the 4th 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 last quarter. V Square Quantitative Management LLC boosted its position in shares of WESCO International by 39.9% in the 4th quarter. V Square Quantitative Management LLC now owns 235 shares of the technology company's stock worth $43,000 after purchasing an additional 67 shares during the last quarter. Finally, New York State Teachers Retirement System boosted its position in shares of WESCO International by 12.0% in the 4th quarter. New York State Teachers Retirement System now owns 24,788 shares of the technology company's stock worth $4,486,000 after purchasing an additional 2,654 shares during the last quarter. 93.76% of the stock is owned by institutional investors and hedge funds.

WESCO International Price Performance

Shares of WCC traded up $3.74 during midday trading on Wednesday, hitting $172.68. The company's stock had a trading volume of 1,333,848 shares, compared to its average volume of 745,290. WESCO International, Inc. has a one year low of $125.21 and a one year high of $216.17. The company's fifty day simple moving average is $158.23 and its two-hundred day simple moving average is $177.53. 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 stock has a market capitalization of $8.43 billion, a price-to-earnings ratio of 13.21, a price-to-earnings-growth ratio of 1.45 and a beta of 1.92.

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

WESCO International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a dividend of $0.4538 per share. This is an increase from WESCO International's previous quarterly dividend of $0.41. The ex-dividend date was Friday, March 14th. This represents a $1.82 annualized dividend and a dividend yield of 1.05%. WESCO International's dividend payout ratio (DPR) is 13.69%.

Analysts Set New Price Targets

WCC has been the topic of a number of research reports. KeyCorp cut their price target on WESCO International from $245.00 to $205.00 and set an "overweight" rating on the stock in a report on Monday, March 17th. Oppenheimer lowered their price target on WESCO International from $225.00 to $195.00 and set an "outperform" rating on the stock in a research report on Monday, May 5th. Royal Bank of Canada boosted their price target 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. JPMorgan Chase & Co. reduced their price objective on WESCO International from $210.00 to $180.00 and set an "overweight" rating for the company in a report on Tuesday. Finally, Stephens boosted their price objective on WESCO International from $205.00 to $215.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $212.00.

WESCO International Company 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).