WESCO International, Inc. (NYSE:WCC) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets reduced its stake in shares of WESCO International, Inc. (NYSE:WCC - Free Report) by 32.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Ameriprise Financial Inc. lifted its holdings in shares of WESCO International by 149.3% during 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. Pinebridge Investments L.P. lifted its holdings in shares of WESCO International by 42.7% during the 4th quarter. Pinebridge Investments L.P. now owns 14,061 shares of the technology company's stock worth $2,544,000 after acquiring an additional 4,210 shares during the period. State of Tennessee Department of Treasury lifted its holdings in shares of WESCO International by 38.6% during the 4th quarter. State of Tennessee Department of Treasury now owns 18,123 shares of the technology company's stock worth $3,280,000 after acquiring an additional 5,051 shares during the period. MetLife Investment Management LLC lifted its holdings in shares of WESCO International by 8.6% during the 4th quarter. MetLife Investment Management LLC now owns 25,093 shares of the technology company's stock worth $4,541,000 after acquiring an additional 1,991 shares during the period. Finally, Gabelli Funds LLC purchased a new position in WESCO International in the fourth quarter valued at approximately $633,000. 93.76% of the stock is currently owned by hedge funds and other institutional investors.

WESCO International Stock Down 0.6%

Shares of WCC traded down $1.03 during mid-day trading on Friday, reaching $164.81. 357,132 shares of the stock traded hands, compared to its average volume of 743,713. The firm has a market cap of $8.04 billion, a price-to-earnings ratio of 12.61, a P/E/G ratio of 1.45 and a beta of 1.92. The stock has a fifty day simple moving average of $158.18 and a 200 day simple moving average of $178.08. WESCO International, Inc. has a 12-month low of $125.21 and a 12-month high of $216.17. The company has a quick ratio of 1.27, a current ratio of 2.20 and a debt-to-equity ratio of 1.02.

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). WESCO International had a return on equity of 13.63% and a net margin of 3.29%. The company had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.27 billion. During the same period in the previous year, the business posted $2.30 EPS. The firm's quarterly revenue was down .1% compared to the same quarter last year. Sell-side analysts expect 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 given a dividend of $0.4538 per share. The ex-dividend date was Friday, March 14th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 1.10%. This is an increase from WESCO International's previous quarterly dividend of $0.41. WESCO International's dividend payout ratio (DPR) is presently 13.69%.

Analyst Ratings Changes

WCC has been the topic of several research reports. Royal Bank of Canada raised their price target on shares of WESCO International from $212.00 to $213.00 and gave the company a "sector perform" rating in a report on Wednesday, February 12th. Oppenheimer cut their price target on shares of WESCO International from $225.00 to $195.00 and set an "outperform" rating on the stock in a report on Monday, May 5th. Loop Capital cut 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. Wall Street Zen lowered shares of WESCO International from a "buy" rating to a "hold" rating in a report on Wednesday, February 12th. Finally, Stephens raised their price target on shares of WESCO International from $205.00 to $215.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Two research 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 company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $216.57.

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).