WESCO International, Inc. (NYSE:WCC) Shares Sold by Amalgamated Bank

Amalgamated Bank reduced its position in shares of WESCO International, Inc. (NYSE:WCC) by 0.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,198 shares of the technology company’s stock after selling 75 shares during the period. Amalgamated Bank’s holdings in WESCO International were worth $3,836,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in WCC. V Square Quantitative Management LLC increased its stake in 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 buying an additional 67 shares during the period. Fifth Third Wealth Advisors LLC increased its position in shares of WESCO International by 1.7% during the third quarter. Fifth Third Wealth Advisors LLC now owns 4,335 shares of the technology company’s stock worth $728,000 after acquiring an additional 71 shares during the last quarter. GAMMA Investing LLC increased its position in shares of WESCO International by 25.0% during the fourth quarter. GAMMA Investing LLC now owns 375 shares of the technology company’s stock worth $68,000 after acquiring an additional 75 shares during the last quarter. MetLife Investment Management LLC lifted its stake in shares of WESCO International by 0.4% in the third quarter. MetLife Investment Management LLC now owns 23,102 shares of the technology company’s stock worth $3,881,000 after acquiring an additional 85 shares in the last quarter. Finally, Van ECK Associates Corp boosted its holdings in WESCO International by 1.7% in the fourth quarter. Van ECK Associates Corp now owns 30,178 shares of the technology company’s stock valued at $5,461,000 after purchasing an additional 512 shares during the last quarter. 93.76% of the stock is currently owned by hedge funds and other institutional investors.

WESCO International Trading Up 0.5 %

WESCO International stock opened at $180.68 on Friday. WESCO International, Inc. has a 1 year low of $143.06 and a 1 year high of $216.17. The firm’s 50-day moving average is $186.22 and its 200-day moving average is $181.92. 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 company has a market cap 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 issued its earnings results on Tuesday, February 11th. The technology company reported $3.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.07). WESCO International had a return on equity of 13.63% and a net margin of 3.29%. On average, equities analysts expect that WESCO International, Inc. will post 13.3 earnings per share for the current year.

WESCO International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.4538 per share. The ex-dividend date is Friday, March 14th. This represents a $1.82 dividend on an annualized basis and a yield of 1.00%. This is a positive change from WESCO International’s previous quarterly dividend of $0.41. WESCO International’s payout ratio is currently 12.62%.

Wall Street Analysts Forecast Growth

WCC has been the topic of several analyst reports. KeyCorp lifted their price objective on WESCO International from $225.00 to $245.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. StockNews.com cut shares of WESCO International from a “buy” rating to a “hold” rating in a report on Wednesday, February 12th. Jefferies Financial Group increased their price objective 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. Stephens boosted their target price on shares of WESCO International from $205.00 to $215.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Finally, Oppenheimer increased their price target on shares of WESCO International from $205.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, WESCO International has a consensus rating of “Moderate Buy” and a consensus 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).