SG Americas Securities LLC Grows Stake in WESCO International, Inc. (NYSE:WCC)

SG Americas Securities LLC raised its position in shares of WESCO International, Inc. (NYSE:WCC - Free Report) by 56.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,135 shares of the technology company's stock after purchasing an additional 1,495 shares during the period. SG Americas Securities LLC's holdings in WESCO International were worth $642,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. grew its stake in 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 valued at $48,000 after purchasing an additional 81 shares during the last quarter. Parallel Advisors LLC grew its position in shares of WESCO International by 21.1% in the 1st quarter. Parallel Advisors LLC now owns 447 shares of the technology company's stock worth $69,000 after buying an additional 78 shares during the last quarter. GAMMA Investing LLC grew its position in shares of WESCO International by 27.7% in the 1st quarter. GAMMA Investing LLC now owns 479 shares of the technology company's stock worth $74,000 after buying an additional 104 shares during the last quarter. Millstone Evans Group LLC bought a new position in shares of WESCO International during the 4th quarter worth approximately $122,000. Finally, NBC Securities Inc. lifted its position in WESCO International by 101,900.0% during the first quarter. NBC Securities Inc. now owns 1,020 shares of the technology company's stock valued at $158,000 after acquiring an additional 1,019 shares during the last quarter. 93.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at WESCO International

In other news, EVP Christine Ann Wolf sold 3,106 shares of the stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $177.14, for a total transaction of $550,196.84. Following the sale, the executive vice president now directly owns 30,181 shares of the company's stock, valued at $5,346,262.34. This represents a 9.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 3.30% of the stock is owned by corporate insiders.

WESCO International Price Performance

Shares of WCC opened at $178.26 on Friday. The business's 50-day moving average is $165.92 and its two-hundred day moving average is $173.23. The company has a market capitalization of $8.70 billion, a P/E ratio of 13.48, a P/E/G ratio of 1.38 and a beta of 1.83. WESCO International, Inc. has a fifty-two week low of $125.21 and a fifty-two week high of $216.17. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.23 and a current ratio of 2.15.

WESCO International (NYSE:WCC - Get Free Report) last issued its earnings results on Thursday, May 1st. The technology company reported $2.21 EPS for the quarter, missing analysts' consensus estimates of $2.23 by ($0.02). The company had revenue of $5.34 billion during the quarter, compared to analysts' expectations of $5.27 billion. WESCO International had a return on equity of 13.40% and a net margin of 3.30%. The firm's quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.30 EPS. Research analysts predict that WESCO International, Inc. will post 13.3 earnings per share for the current year.

WESCO International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $0.4538 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.82 annualized dividend and a yield of 1.02%. WESCO International's dividend payout ratio is presently 13.77%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. reduced their target price on WESCO International from $210.00 to $180.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 27th. KeyCorp boosted their price target on WESCO International from $180.00 to $210.00 and gave the stock an "overweight" rating in a research note on Friday, June 13th. Loop Capital decreased their price objective on shares of WESCO International from $250.00 to $220.00 and set a "buy" rating for the company in a research report on Monday, May 12th. Finally, Oppenheimer dropped their target price on shares of WESCO International from $225.00 to $195.00 and set an "outperform" rating on the stock 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 issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $212.63.

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).

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