SG Americas Securities LLC Has $931,000 Position in WESCO International, Inc. (NYSE:WCC)

SG Americas Securities LLC lessened its stake in shares of WESCO International, Inc. (NYSE:WCC - Free Report) by 58.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,356 shares of the technology company's stock after selling 7,561 shares during the quarter. SG Americas Securities LLC's holdings in WESCO International were worth $931,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in shares of WESCO International by 3.8% during the first quarter. Geode Capital Management LLC now owns 615,883 shares of the technology company's stock valued at $95,179,000 after acquiring an additional 22,340 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of WESCO International by 1.0% in the third quarter. Bank of New York Mellon Corp now owns 417,250 shares of the technology company's stock worth $60,009,000 after buying an additional 4,187 shares during the period. Eagle Asset Management Inc. raised its stake in shares of WESCO International by 29.4% in the fourth quarter. Eagle Asset Management Inc. now owns 190,100 shares of the technology company's stock worth $23,711,000 after buying an additional 43,238 shares during the period. J. L. Bainbridge & Co. Inc. grew its position in shares of WESCO International by 4.5% during the third quarter. J. L. Bainbridge & Co. Inc. now owns 164,213 shares of the technology company's stock worth $23,617,000 after purchasing an additional 7,048 shares in the last quarter. Finally, Kennedy Capital Management LLC grew its holdings in WESCO International by 34.5% during the 2nd quarter. Kennedy Capital Management LLC now owns 98,493 shares of the technology company's stock valued at $17,636,000 after buying an additional 25,274 shares in the last quarter. Hedge funds and other institutional investors own 93.76% of the company's stock.

WESCO International Stock Up 2.5 %

NYSE WCC traded up $4.21 during trading on Monday, reaching $175.49. 715,576 shares of the company's stock were exchanged, compared to its average volume of 586,861. The stock has a market cap of $8.94 billion, a P/E ratio of 12.65, a price-to-earnings-growth ratio of 1.20 and a beta of 2.06. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.42 and a current ratio of 2.48. The company has a 50 day moving average price of $163.42 and a two-hundred day moving average price of $157.01. WESCO International, Inc. has a 1 year low of $121.90 and a 1 year high of $195.43.

WESCO International (NYSE:WCC - Get Free Report) last posted its earnings results on Tuesday, February 13th. The technology company reported $2.65 earnings per share for the quarter, missing the consensus estimate of $3.86 by ($1.21). WESCO International had a net margin of 3.42% and a return on equity of 17.01%. The firm had revenue of $5.50 billion during the quarter, compared to analysts' expectations of $5.59 billion. During the same period in the previous year, the firm posted $4.13 earnings per share. The firm's revenue for the quarter was down 1.8% on a year-over-year basis. On average, equities research analysts anticipate that WESCO International, Inc. will post 14.23 EPS for the current fiscal year.

WESCO International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a $0.4125 dividend. This represents a $1.65 annualized dividend and a yield of 0.94%. The ex-dividend date was Thursday, March 14th. This is a boost from WESCO International's previous quarterly dividend of $0.38. WESCO International's payout ratio is 12.19%.

Analyst Ratings Changes

WCC has been the subject of several research analyst reports. KeyCorp cut their price target on WESCO International from $185.00 to $165.00 and set an "overweight" rating for the company in a report on Wednesday, February 14th. JPMorgan Chase & Co. reduced their price target on WESCO International from $180.00 to $175.00 and set an "overweight" rating for the company in a research report on Friday, March 15th. Oppenheimer boosted their target price on WESCO International from $175.00 to $190.00 and gave the stock an "outperform" rating in a research note on Thursday, March 7th. Royal Bank of Canada cut WESCO International from an "outperform" rating to a "sector perform" rating and decreased their price objective for the company from $202.00 to $173.00 in a report on Tuesday, February 13th. Finally, Robert W. Baird reduced their price target on WESCO International from $203.00 to $170.00 and set an "outperform" rating for the company in a report on Wednesday, February 14th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $180.50.

Insiders Place Their Bets

In other news, EVP Nelson John Squires III sold 3,490 shares of the business's stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $190.00, for a total transaction of $663,100.00. Following the sale, the executive vice president now owns 54,385 shares of the company's stock, valued at approximately $10,333,150. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other WESCO International news, EVP Nelson John Squires III sold 3,490 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $190.00, for a total transaction of $663,100.00. Following the transaction, the executive vice president now owns 54,385 shares of the company's stock, valued at approximately $10,333,150. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP James Cameron sold 5,352 shares of the company's stock in a transaction on Monday, March 11th. The stock was sold at an average price of $156.39, for a total value of $836,999.28. Following the sale, the executive vice president now owns 33,595 shares of the company's stock, valued at $5,253,922.05. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by insiders.

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).