BNP Paribas Financial Markets Has $1.47 Million Holdings in WESCO International, Inc. (NYSE:WCC)

BNP Paribas Financial Markets trimmed its stake in WESCO International, Inc. (NYSE:WCC - Free Report) by 32.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,106 shares of the technology company's stock after selling 3,928 shares during the period. BNP Paribas Financial Markets' holdings in WESCO International were worth $1,467,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp raised its position in shares of WESCO International by 2.5% in the fourth quarter. Bank of New York Mellon Corp now owns 403,216 shares of the technology company's stock valued at $72,966,000 after purchasing an additional 10,016 shares during the period. Davis Selected Advisers grew its stake in WESCO International by 0.4% in the 4th quarter. Davis Selected Advisers now owns 256,987 shares of the technology company's stock valued at $46,504,000 after buying an additional 967 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in WESCO International by 149.3% in the 4th quarter. Ameriprise Financial Inc. now owns 255,035 shares of the technology company's stock worth $46,148,000 after acquiring an additional 152,727 shares during the period. Russell Investments Group Ltd. lifted its position in WESCO International by 62.9% during the 4th quarter. Russell Investments Group Ltd. now owns 215,002 shares of the technology company's stock worth $38,906,000 after acquiring an additional 83,031 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. boosted its holdings in WESCO International by 0.4% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 195,731 shares of the technology company's stock valued at $35,419,000 after acquiring an additional 752 shares during the period. 93.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on WCC. Stephens lifted their price objective on WESCO International from $205.00 to $215.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. Oppenheimer cut their price target on WESCO International from $225.00 to $195.00 and set an "outperform" rating for the company in a report on Monday, May 5th. Wall Street Zen downgraded shares of WESCO International from a "buy" rating to a "hold" rating in a research note on Wednesday, February 12th. Royal Bank of Canada upped their target price on shares of WESCO International from $212.00 to $213.00 and gave the company a "sector perform" rating in a research note on Wednesday, February 12th. Finally, KeyCorp decreased their price target on shares of WESCO International from $245.00 to $205.00 and set an "overweight" rating on the stock in a research report on Monday, March 17th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $216.57.

WESCO International Stock Performance

WESCO International stock traded down $1.03 on Friday, hitting $164.81. The company's stock had a trading volume of 357,132 shares, compared to its average volume of 744,419. WESCO International, Inc. has a one year low of $125.21 and a one year high of $216.17. The firm has a market cap of $8.04 billion, a P/E ratio of 12.61, a price-to-earnings-growth 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 price of $158.18 and a 200-day moving average price of $178.32.

WESCO International (NYSE:WCC - Get Free Report) last posted 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). The business 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 business's revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.30 EPS. On average, equities analysts anticipate that WESCO International, Inc. will post 13.3 earnings per share for the current year.

WESCO International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $0.4538 per share. This represents a $1.82 annualized dividend and a dividend yield of 1.10%. The ex-dividend date was Friday, March 14th. This is an increase from WESCO International's previous quarterly dividend of $0.41. WESCO International's dividend payout ratio (DPR) is 13.69%.

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).