Farther Finance Advisors LLC Sells 176 Shares of WESCO International, Inc. (NYSE:WCC)

Farther Finance Advisors LLC lessened its holdings in shares of WESCO International, Inc. (NYSE:WCC) by 12.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,239 shares of the technology company’s stock after selling 176 shares during the quarter. Farther Finance Advisors LLC’s holdings in WESCO International were worth $224,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WCC. V Square Quantitative Management LLC raised its holdings in shares of WESCO International by 39.9% during the fourth quarter. V Square Quantitative Management LLC now owns 235 shares of the technology company’s stock valued at $43,000 after acquiring an additional 67 shares in the last quarter. GAMMA Investing LLC raised its holdings 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 valued at $68,000 after acquiring an additional 75 shares in the last quarter. Dorsey & Whitney Trust CO LLC bought a new position in shares of WESCO International during the fourth quarter valued at approximately $204,000. Integrated Investment Consultants LLC bought a new position in shares of WESCO International during the fourth quarter valued at approximately $278,000. Finally, Burns Matteson Capital Management LLC bought a new position in shares of WESCO International during the fourth quarter valued at approximately $390,000. Institutional investors own 93.76% of the company’s stock.

WESCO International Price Performance

Shares of NYSE:WCC opened at $166.05 on Thursday. WESCO International, Inc. has a 1-year low of $143.06 and a 1-year high of $216.17. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.20 and a quick ratio of 1.27. The business has a fifty day moving average price of $181.81 and a 200-day moving average price of $182.33. The company has a market capitalization of $8.10 billion, a PE ratio of 12.70, a PEG ratio of 1.45 and a beta of 2.00.

WESCO International (NYSE:WCC) last issued its quarterly earnings results on Tuesday, February 11th. The technology company reported $3.16 earnings per share for the quarter, missing the consensus estimate of $3.23 by ($0.07). WESCO International had a net margin of 3.29% and a return on equity of 13.63%. As a group, equities analysts expect that WESCO International, Inc. will post 13.3 EPS for the current fiscal year.

WESCO International Increases Dividend

The firm 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 is a boost from WESCO International’s previous quarterly dividend of $0.41. This represents a $1.82 annualized dividend and a dividend yield of 1.09%. WESCO International’s dividend payout ratio (DPR) is 13.85%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on WCC shares. Jefferies Financial Group increased their price objective on WESCO International from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, December 6th. KeyCorp decreased their price objective on WESCO International from $245.00 to $205.00 and set an “overweight” rating for the company in a report on Monday. Royal Bank of Canada increased their price objective on WESCO International from $212.00 to $213.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 12th. StockNews.com downgraded WESCO International from a “buy” rating to a “hold” rating in a report on Wednesday, February 12th. Finally, Stephens increased their price objective on WESCO International from $205.00 to $215.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $219.43.

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).