TD Private Client Wealth LLC Grows Stock Holdings in WESCO International, Inc. (NYSE:WCC)

TD Private Client Wealth LLC lifted its stake in shares of WESCO International, Inc. (NYSE:WCC - Free Report) by 4,600.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,974 shares of the technology company's stock after buying an additional 1,932 shares during the quarter. TD Private Client Wealth LLC's holdings in WESCO International were worth $307,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Whittier Trust Co. of Nevada Inc. grew its holdings 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 worth $48,000 after purchasing an additional 81 shares during the period. Millstone Evans Group LLC bought a new stake in WESCO International in the 4th quarter valued at about $122,000. KLP Kapitalforvaltning AS acquired a new position in WESCO International during the 4th quarter worth approximately $2,060,000. Russell Investments Group Ltd. boosted its holdings in WESCO International by 62.9% in the fourth 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 in the last quarter. Finally, Covestor Ltd grew its stake in WESCO International by 5.5% in the fourth quarter. Covestor Ltd now owns 1,198 shares of the technology company's stock valued at $216,000 after acquiring an additional 62 shares during the period. Institutional investors own 93.76% of the company's stock.

Insiders Place Their Bets

In other WESCO International news, EVP Christine Ann Wolf sold 3,106 shares of the business's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $177.14, for a total value of $550,196.84. Following the sale, the executive vice president directly owned 30,181 shares in the company, valued at $5,346,262.34. The trade was a 9.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 3.30% of the company's stock.

Wall Street Analysts Forecast Growth

WCC has been the topic of a number of recent research reports. KeyCorp increased their target price on WESCO International from $180.00 to $210.00 and gave the stock an "overweight" rating in a report on Friday, June 13th. Loop Capital reduced their price objective on shares of WESCO International from $250.00 to $220.00 and set a "buy" rating for the company in a report on Monday, May 12th. JPMorgan Chase & Co. lowered their target price on shares of WESCO International from $210.00 to $180.00 and set an "overweight" rating on the stock in a report on Tuesday, May 27th. Finally, Oppenheimer decreased 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. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, WESCO International presently has an average rating of "Moderate Buy" and an average target price of $212.63.

WESCO International Stock Performance

Shares of WCC traded down $1.84 on Friday, reaching $199.42. 498,194 shares of the company's stock traded hands, compared to its average volume of 723,078. The stock's 50 day simple moving average is $176.69 and its two-hundred day simple moving average is $173.44. The stock has a market cap of $9.73 billion, a PE ratio of 15.08, a PEG ratio of 1.55 and a beta of 1.83. WESCO International, Inc. has a 52-week low of $125.21 and a 52-week high of $216.17. The company has a current ratio of 2.15, a quick ratio of 1.23 and a debt-to-equity ratio of 1.02.

WESCO International (NYSE:WCC - Get Free Report) last released 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 business had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.27 billion. WESCO International had a return on equity of 13.40% and a net margin of 3.30%. The company's revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.30 earnings per share. On average, analysts forecast that WESCO International, Inc. will post 13.3 earnings per share for the current fiscal year.

WESCO International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were paid a $0.4538 dividend. The ex-dividend date was Friday, June 13th. This represents a $1.82 annualized dividend and a yield of 0.91%. WESCO International's payout ratio is 13.77%.

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).