California State Teachers Retirement System Has $7.85 Million Holdings in WESCO International, Inc. (NYSE:WCC)

California State Teachers Retirement System cut its stake in shares of WESCO International, Inc. (NYSE:WCC - Free Report) by 5.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 43,359 shares of the technology company's stock after selling 2,415 shares during the period. California State Teachers Retirement System owned about 0.09% of WESCO International worth $7,846,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of WCC. 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 stake 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 worth $48,000 after acquiring an additional 81 shares during the last quarter. Millstone Evans Group LLC acquired a new stake in WESCO International in the 4th quarter worth $122,000. Raiffeisen Bank International AG acquired a new position in WESCO International in the 4th quarter valued at approximately $180,000. Finally, Dorsey & Whitney Trust CO LLC acquired a new position in shares of WESCO International in the fourth quarter valued at $204,000. 93.76% of the stock is owned by institutional investors and hedge funds.

WESCO International Trading Down 0.5%

WCC traded down $0.95 during mid-day trading on Wednesday, hitting $172.23. The stock had a trading volume of 61,949 shares, compared to its average volume of 736,998. The stock's fifty day simple moving average is $158.70 and its 200-day simple moving average is $176.26. The firm has a market capitalization of $8.41 billion, a price-to-earnings ratio of 13.18, a price-to-earnings-growth ratio of 1.45 and a beta of 1.83. WESCO International, Inc. has a 1-year low of $125.21 and a 1-year high of $216.17. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.20 and a quick ratio of 1.27.

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 (EPS) 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 business had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.27 billion. WESCO International's revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.30 earnings per share. As a group, research analysts forecast that WESCO International, Inc. will post 13.3 EPS for the current fiscal year.

WESCO International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a $0.4538 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 1.05%. WESCO International's payout ratio is 13.69%.

Analyst Ratings Changes

A number of research firms have recently commented on WCC. Stephens raised their price objective on shares of WESCO International from $205.00 to $215.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Wall Street Zen lowered WESCO International from a "buy" rating to a "hold" rating in a research note on Wednesday, February 12th. 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 note on Monday, March 17th. Oppenheimer dropped their price objective on WESCO International from $225.00 to $195.00 and set an "outperform" rating for the company in a report on Monday, May 5th. Finally, Royal Bank of Canada increased their price objective 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. 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. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price 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).