MetLife Investment Management LLC Grows Position in WESCO International, Inc. (NYSE:WCC)

MetLife Investment Management LLC increased its holdings in shares of WESCO International, Inc. (NYSE:WCC - Free Report) by 8.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 25,093 shares of the technology company's stock after buying an additional 1,991 shares during the quarter. MetLife Investment Management LLC owned 0.05% of WESCO International worth $4,541,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of WCC. Burns Matteson Capital Management LLC bought a new position in WESCO International in the fourth quarter valued at about $390,000. Handelsbanken Fonder AB raised its position in shares of WESCO International by 167.3% during the fourth quarter. Handelsbanken Fonder AB now owns 192,182 shares of the technology company's stock worth $34,777,000 after acquiring an additional 120,289 shares during the last quarter. Integrated Investment Consultants LLC bought a new position in shares of WESCO International during the fourth quarter worth about $278,000. MassMutual Private Wealth & Trust FSB raised its position in shares of WESCO International by 12,056.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 11,670 shares of the technology company's stock worth $2,112,000 after acquiring an additional 11,574 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in shares of WESCO International by 1.7% during the fourth quarter. Van ECK Associates Corp now owns 30,178 shares of the technology company's stock worth $5,461,000 after acquiring an additional 512 shares during the last quarter. 93.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on WCC shares. Stephens raised their price objective on WESCO International from $205.00 to $215.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. Royal Bank of Canada raised their price objective 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 cut WESCO International from a "buy" rating to a "hold" rating in a research note on Wednesday, February 12th. Finally, KeyCorp reduced their price objective on WESCO International from $245.00 to $205.00 and set an "overweight" rating for the company in a research note on Monday, March 17th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $219.43.

WESCO International Trading Down 1.0 %

Shares of WESCO International stock traded down $1.68 during trading on Wednesday, reaching $159.99. 145,688 shares of the stock were exchanged, compared to its average volume of 762,872. The company has a quick ratio of 1.27, a current ratio of 2.20 and a debt-to-equity ratio of 1.02. The stock's fifty day moving average is $159.24 and its 200 day moving average is $180.05. The firm has a market cap of $7.81 billion, a price-to-earnings ratio of 12.23, 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.

WESCO International (NYSE:WCC - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The technology company reported $3.16 EPS for the quarter, missing the consensus estimate of $3.23 by ($0.07). WESCO International had a return on equity of 13.63% and a net margin of 3.29%. As a group, equities research analysts expect that WESCO International, Inc. will post 13.3 earnings per share 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 given a $0.4538 dividend. This represents a $1.82 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date was Friday, March 14th. This is an increase from WESCO International's previous quarterly dividend of $0.41. WESCO International's payout ratio is 13.85%.

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).