WESCO International, Inc. (NYSE:WCC) Shares Acquired by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB lifted its stake in shares of WESCO International, Inc. (NYSE:WCC - Free Report) by 53.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 17,888 shares of the technology company's stock after acquiring an additional 6,218 shares during the period. MassMutual Private Wealth & Trust FSB's holdings in WESCO International were worth $2,778,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC boosted its holdings in WESCO International by 39.9% during the 4th quarter. V Square Quantitative Management LLC now owns 235 shares of the technology company's stock valued at $43,000 after acquiring an additional 67 shares during the period. Whittier Trust Co. of Nevada Inc. raised its stake in shares of WESCO International by 43.5% during 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 last quarter. Millstone Evans Group LLC bought a new position in WESCO International during the 4th quarter valued at approximately $122,000. Raiffeisen Bank International AG bought a new position in WESCO International during the 4th quarter valued at approximately $180,000. Finally, Dorsey & Whitney Trust CO LLC bought a new position in WESCO International during the 4th quarter valued at approximately $204,000. Institutional investors own 93.76% of the company's stock.

WESCO International Price Performance

WCC stock traded down $2.97 during trading on Friday, hitting $168.04. The stock had a trading volume of 608,042 shares, compared to its average volume of 740,735. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.20 and a quick ratio of 1.27. The company's 50-day moving average price is $158.50 and its two-hundred day moving average price is $176.77. The stock has a market capitalization of $8.20 billion, a P/E ratio of 12.86, a PEG ratio of 1.45 and a beta of 1.92. WESCO International, Inc. has a twelve month low of $125.21 and a twelve month high of $216.17.

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

WESCO International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $0.4538 dividend. This represents a $1.82 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend is Friday, June 13th. WESCO International's dividend payout ratio is presently 13.69%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on WCC shares. Wall Street Zen downgraded WESCO International from a "buy" rating to a "hold" rating in a report on Wednesday, February 12th. JPMorgan Chase & Co. cut 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. KeyCorp cut their target price on shares of WESCO International from $245.00 to $205.00 and set an "overweight" rating for the company in a research report on Monday, March 17th. Stephens upped their price target on shares of WESCO International from $205.00 to $215.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Finally, Oppenheimer dropped 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 report on Monday, May 5th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, WESCO International has an average rating of "Moderate Buy" and an average price target of $212.00.

WESCO International 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).