Keeley Teton Advisors LLC Sells 6,578 Shares of WESCO International, Inc. (NYSE:WCC)

Keeley Teton Advisors LLC cut its position in WESCO International, Inc. (NYSE:WCC - Free Report) by 46.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,691 shares of the technology company's stock after selling 6,578 shares during the quarter. Keeley Teton Advisors LLC's holdings in WESCO International were worth $1,392,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of WCC. Gabelli Funds LLC bought a new position in shares of WESCO International in the fourth quarter worth about $633,000. Jaffetilchin Investment Partners LLC bought a new stake in shares of WESCO International in the fourth quarter valued at approximately $1,094,000. Covestor Ltd grew its stake in shares of WESCO International by 5.5% in the fourth quarter. Covestor Ltd now owns 1,198 shares of the technology company's stock worth $216,000 after acquiring an additional 62 shares during the last quarter. Russell Investments Group Ltd. raised its stake in WESCO International by 62.9% during the 4th quarter. Russell Investments Group Ltd. now owns 215,002 shares of the technology company's stock valued at $38,906,000 after purchasing an additional 83,031 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in WESCO International in the 4th quarter worth $2,060,000. Institutional investors own 93.76% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on WCC. Royal Bank of Canada boosted their price target on WESCO International from $212.00 to $213.00 and gave the company a "sector perform" rating in a research note on Wednesday, February 12th. StockNews.com downgraded shares of WESCO International from a "buy" rating to a "hold" rating in a research note on Wednesday, February 12th. 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. Finally, KeyCorp lowered their target price 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. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $219.43.

WESCO International Trading Down 4.4 %

Shares of WCC stock traded down $6.66 on Monday, reaching $144.49. 149,583 shares of the stock were exchanged, compared to its average volume of 764,425. The stock has a 50 day moving average price of $164.69 and a 200 day moving average price of $180.63. 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 stock has a market cap of $7.05 billion, a PE ratio of 11.06, a P/E/G ratio of 1.45 and a beta of 1.83. WESCO International, Inc. has a one year low of $125.21 and a one year high of $216.17.

WESCO International (NYSE:WCC - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The technology company reported $3.16 earnings per share for the quarter, missing analysts' consensus estimates of $3.23 by ($0.07). WESCO International had a return on equity of 13.63% and a net margin of 3.29%. Equities research analysts forecast that WESCO International, Inc. will post 13.3 EPS for the current fiscal year.

WESCO International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.4538 dividend. This is a positive change from WESCO International's previous quarterly dividend of $0.41. The ex-dividend date was Friday, March 14th. This represents a $1.82 annualized dividend and a yield of 1.26%. WESCO International's dividend payout ratio is presently 13.85%.

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).