Thompson Siegel & Walmsley LLC Sells 8,498 Shares of WESCO International, Inc. (NYSE:WCC)

Thompson Siegel & Walmsley LLC trimmed its position in shares of WESCO International, Inc. (NYSE:WCC - Free Report) by 15.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 46,487 shares of the technology company's stock after selling 8,498 shares during the period. Thompson Siegel & Walmsley LLC owned 0.09% of WESCO International worth $8,083,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. KB Financial Partners LLC lifted its position in shares of WESCO International by 76.8% in the third quarter. KB Financial Partners LLC now owns 198 shares of the technology company's stock worth $28,000 after purchasing an additional 86 shares in the last quarter. Anchor Investment Management LLC purchased a new stake in WESCO International in the 4th quarter worth approximately $48,000. GAMMA Investing LLC acquired a new stake in shares of WESCO International during the 4th quarter valued at $56,000. Richelieu Gestion SA purchased a new position in shares of WESCO International during the 4th quarter valued at $122,000. Finally, iA Global Asset Management Inc. acquired a new position in shares of WESCO International in the third quarter worth $164,000. 93.76% of the stock is owned by institutional investors and hedge funds.

WESCO International Stock Performance

Shares of WESCO International stock traded up $0.63 on Friday, reaching $175.88. The stock had a trading volume of 562,478 shares, compared to its average volume of 826,650. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.33 and a current ratio of 2.21. The business's 50-day moving average price is $164.10 and its two-hundred day moving average price is $161.84. The stock has a market cap of $8.96 billion, a P/E ratio of 14.64, a price-to-earnings-growth ratio of 1.24 and a beta of 2.07. WESCO International, Inc. has a fifty-two week low of $122.30 and a fifty-two week high of $195.43.

WESCO International (NYSE:WCC - Get Free Report) last released its earnings results on Thursday, May 2nd. The technology company reported $2.30 earnings per share for the quarter, missing analysts' consensus estimates of $2.43 by ($0.13). The firm had revenue of $5.35 billion for the quarter, compared to analyst estimates of $5.30 billion. WESCO International had a return on equity of 15.10% and a net margin of 3.08%. The firm's revenue was down 3.1% on a year-over-year basis. During the same period in the prior year, the firm earned $3.75 EPS. On average, sell-side analysts forecast that WESCO International, Inc. will post 14.22 EPS for the current year.

WESCO International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.4125 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.65 dividend on an annualized basis and a yield of 0.94%. This is a positive change from WESCO International's previous quarterly dividend of $0.38. WESCO International's dividend payout ratio (DPR) is 13.74%.

Analyst Ratings Changes

A number of research firms recently issued reports on WCC. JPMorgan Chase & Co. reduced their price objective 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. Loop Capital boosted their price target on WESCO International from $190.00 to $200.00 and gave the company a "buy" rating in a research note on Monday, May 6th. Royal Bank of Canada dropped their price objective on WESCO International from $176.00 to $172.00 and set a "sector perform" rating on the stock in a report on Friday, May 3rd. Oppenheimer lifted their target price on shares of WESCO International from $190.00 to $200.00 and gave the company an "outperform" rating in a research note on Friday, May 3rd. Finally, Robert W. Baird cut their price target on shares of WESCO International from $203.00 to $170.00 and set an "outperform" rating on the stock in a report on Wednesday, February 14th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $187.00.

Insiders Place Their Bets

In other news, EVP James Cameron sold 5,352 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 33,595 shares of the company's stock, valued at $5,253,922.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, major shareholder Equity Investors Vii L. Green sold 1,750,000 shares of the business's stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $173.02, for a total transaction of $302,785,000.00. Following the transaction, the insider now directly owns 2,134,683 shares in the company, valued at $369,342,852.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP James Cameron sold 5,352 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 33,595 shares of the company's stock, valued at approximately $5,253,922.05. The disclosure for this sale can be found here. Company insiders own 3.10% of the company's stock.

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).