WESCO International, Inc. (NYSE:WCC) Stake Trimmed by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC cut its holdings in shares of WESCO International, Inc. (NYSE:WCC) by 10.2% in the fourth quarter, HoldingsChannel reports. The fund owned 232,238 shares of the technology company’s stock after selling 26,248 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in WESCO International were worth $42,026,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of WCC. Geode Capital Management LLC lifted its holdings in shares of WESCO International by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 762,653 shares of the technology company’s stock valued at $128,143,000 after buying an additional 22,080 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of WESCO International by 2.5% during the 4th quarter. Bank of New York Mellon Corp now owns 403,216 shares of the technology company’s stock valued at $72,966,000 after buying an additional 10,016 shares during the last quarter. Davis Selected Advisers lifted its holdings in shares of WESCO International by 0.4% during the 4th quarter. Davis Selected Advisers now owns 256,987 shares of the technology company’s stock valued at $46,504,000 after buying an additional 967 shares during the last quarter. Farmers & Merchants Investments Inc. lifted its holdings in shares of WESCO International by 0.4% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 195,731 shares of the technology company’s stock valued at $35,419,000 after buying an additional 752 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its holdings in shares of WESCO International by 167.3% during the 4th quarter. Handelsbanken Fonder AB now owns 192,182 shares of the technology company’s stock valued at $34,777,000 after buying an additional 120,289 shares during the last quarter. 93.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Jefferies Financial Group lifted their price target on WESCO International from $225.00 to $245.00 and gave the company a “buy” rating in a report on Friday, December 6th. KeyCorp boosted their target price on WESCO International from $225.00 to $245.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Stephens boosted their target price on WESCO International from $205.00 to $215.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Royal Bank of Canada boosted their target price on WESCO International from $212.00 to $213.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 12th. Finally, StockNews.com lowered WESCO International from a “buy” rating to a “hold” rating in a report on Wednesday, February 12th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $218.88.

WESCO International Stock Performance

Shares of NYSE WCC opened at $163.51 on Thursday. The company has a current ratio of 2.20, a quick ratio of 1.27 and a debt-to-equity ratio of 1.02. The business has a fifty day simple moving average of $183.77 and a 200 day simple moving average of $182.38. WESCO International, Inc. has a one year low of $143.06 and a one year high of $216.17. The firm has a market capitalization of $7.98 billion, a price-to-earnings ratio of 12.51, a PEG ratio of 1.45 and a beta of 2.00.

WESCO International (NYSE:WCC) last announced its 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%. Sell-side analysts expect that WESCO International, Inc. will post 13.3 EPS for the current year.

WESCO International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders 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 dividend yield of 1.11%. This is a positive change from WESCO International’s previous quarterly dividend of $0.41. WESCO International’s dividend payout ratio (DPR) is currently 13.85%.

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).