WESCO International, Inc. (NYSE:WCC) Shares Sold by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund decreased its position in shares of WESCO International, Inc. (NYSE:WCC) by 0.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,066 shares of the technology company’s stock after selling 75 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in WESCO International were worth $1,641,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. V Square Quantitative Management LLC grew its stake in shares of WESCO International by 39.9% during the 4th quarter. V Square Quantitative Management LLC now owns 235 shares of the technology company’s stock worth $43,000 after purchasing an additional 67 shares during the period. GAMMA Investing LLC grew its stake in WESCO International by 25.0% in the 4th quarter. GAMMA Investing LLC now owns 375 shares of the technology company’s stock valued at $68,000 after acquiring an additional 75 shares during the period. Integrated Investment Consultants LLC acquired a new stake in WESCO International in the 4th quarter valued at $278,000. Innealta Capital LLC grew its stake in WESCO International by 68.0% in the 3rd quarter. Innealta Capital LLC now owns 1,606 shares of the technology company’s stock valued at $270,000 after acquiring an additional 650 shares during the period. Finally, Burns Matteson Capital Management LLC acquired a new stake in WESCO International in the 4th quarter valued at $390,000. Institutional investors and hedge funds own 93.76% of the company’s stock.

WESCO International Trading Up 0.5 %

Shares of WCC stock opened at $180.68 on Friday. WESCO International, Inc. has a fifty-two week low of $143.06 and a fifty-two week high of $216.17. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.27 and a current ratio of 2.20. The stock’s fifty day moving average is $186.22 and its two-hundred day moving average is $181.92. The firm has a market capitalization of $8.82 billion, a P/E ratio of 13.82, a PEG ratio of 1.45 and a beta of 2.01.

WESCO International (NYSE:WCC) last posted its quarterly earnings results 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%. 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 declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.4538 per share. This represents a $1.82 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from WESCO International’s previous quarterly dividend of $0.41. WESCO International’s payout ratio is currently 12.62%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. StockNews.com cut shares of WESCO International from a “buy” rating to a “hold” rating in a research note on Wednesday, February 12th. Robert W. Baird lifted their price target on shares of WESCO International from $215.00 to $223.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Oppenheimer lifted their price target on shares of WESCO International from $205.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Jefferies Financial Group lifted their price target on shares of WESCO International from $225.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Finally, Stephens raised their price objective on WESCO International from $205.00 to $215.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $218.88.

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).