Livforsakringsbolaget Skandia Omsesidigt Cuts Position in WESCO International, Inc. (NYSE:WCC)

Livforsakringsbolaget Skandia Omsesidigt lessened its stake in shares of WESCO International, Inc. (NYSE:WCC - Free Report) by 51.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,200 shares of the technology company's stock after selling 10,700 shares during the period. Livforsakringsbolaget Skandia Omsesidigt's holdings in WESCO International were worth $1,774,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WCC. KB Financial Partners LLC boosted its position in shares of WESCO International by 76.8% during the 3rd quarter. KB Financial Partners LLC now owns 198 shares of the technology company's stock worth $28,000 after acquiring an additional 86 shares in the last quarter. Park Place Capital Corp boosted its holdings in shares of WESCO International by 41.3% in the 3rd quarter. Park Place Capital Corp now owns 294 shares of the technology company's stock valued at $42,000 after purchasing an additional 86 shares in the last quarter. Anchor Investment Management LLC acquired a new stake in shares of WESCO International in the 4th quarter valued at $48,000. Fred Alger Management LLC bought a new position in shares of WESCO International in the 3rd quarter valued at $60,000. Finally, Richelieu Gestion SA acquired a new position in shares of WESCO International during the 4th quarter worth $122,000. 93.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at WESCO International

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

WESCO International Trading Up 0.6 %

Shares of WESCO International stock traded up $0.92 during trading on Thursday, hitting $153.44. The company's stock had a trading volume of 511,902 shares, compared to its average volume of 576,773. The stock has a market cap of $7.82 billion, a price-to-earnings ratio of 11.39, a price-to-earnings-growth ratio of 1.09 and a beta of 2.06. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.48 and a quick ratio of 1.42. WESCO International, Inc. has a 52 week low of $121.90 and a 52 week high of $195.43. The stock has a 50-day moving average price of $160.78 and a two-hundred day moving average price of $158.58.

WESCO International (NYSE:WCC - Get Free Report) last released its quarterly earnings results on Tuesday, February 13th. The technology company reported $2.65 EPS for the quarter, missing analysts' consensus estimates of $3.86 by ($1.21). WESCO International had a net margin of 3.42% and a return on equity of 17.01%. The company had revenue of $5.50 billion during the quarter, compared to the consensus estimate of $5.59 billion. During the same quarter last year, the firm posted $4.13 EPS. The company's quarterly revenue was down 1.8% on a year-over-year basis. Equities research analysts anticipate that WESCO International, Inc. will post 14.19 EPS for the current fiscal year.

WESCO International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.4125 dividend. This is a positive change from WESCO International's previous quarterly dividend of $0.38. This represents a $1.65 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date was Thursday, March 14th. WESCO International's dividend payout ratio is currently 12.19%.

Wall Street Analyst Weigh In

WCC has been the topic of several research analyst reports. Robert W. Baird reduced their price objective on WESCO International from $203.00 to $170.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 14th. Oppenheimer raised their target price on shares of WESCO International from $175.00 to $190.00 and gave the company an "outperform" rating in a research report on Thursday, March 7th. StockNews.com cut shares of WESCO International from a "buy" rating to a "hold" rating in a research note on Wednesday, February 14th. JPMorgan Chase & Co. cut their price objective on WESCO International from $180.00 to $175.00 and set an "overweight" rating on the stock in a report on Friday, March 15th. Finally, KeyCorp upped their target price on WESCO International from $165.00 to $190.00 and gave the stock an "overweight" rating in a report on Thursday, April 11th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $184.67.

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).