WESCO International, Inc. (NYSE:WCC) Shares Sold by J. L. Bainbridge & Co. Inc.

J. L. Bainbridge & Co. Inc. trimmed its position in shares of WESCO International, Inc. (NYSE:WCC) by 48.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 81,374 shares of the technology company’s stock after selling 76,504 shares during the period. WESCO International makes up about 1.4% of J. L. Bainbridge & Co. Inc.’s holdings, making the stock its 22nd biggest holding. J. L. Bainbridge & Co. Inc. owned 0.17% of WESCO International worth $14,725,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. V Square Quantitative Management LLC increased its holdings 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 buying an additional 67 shares during the last quarter. GAMMA Investing LLC boosted its position in WESCO International by 25.0% during the 4th quarter. GAMMA Investing LLC now owns 375 shares of the technology company’s stock worth $68,000 after purchasing an additional 75 shares during the period. Dorsey & Whitney Trust CO LLC purchased a new stake in WESCO International during the 4th quarter worth $204,000. Integrated Investment Consultants LLC purchased a new stake in WESCO International during the 4th quarter worth $278,000. Finally, Burns Matteson Capital Management LLC purchased a new stake in WESCO International during the 4th quarter worth $390,000. 93.76% of the stock is currently owned by institutional investors and hedge funds.

WESCO International Stock Performance

Shares of WCC stock opened at $163.20 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.27 and a current ratio of 2.20. WESCO International, Inc. has a one year low of $143.06 and a one year high of $216.17. The company’s 50-day simple moving average is $183.01 and its 200-day simple moving average is $182.20. The stock has a market capitalization of $7.96 billion, a price-to-earnings ratio of 12.49, 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 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%. Equities analysts anticipate that WESCO International, Inc. will post 13.3 earnings per share for the current fiscal 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 paid a dividend of $0.4538 per share. This represents a $1.82 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date is Friday, March 14th. 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%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on WCC. Stephens upped their price target 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. Jefferies Financial Group upped their price target on shares of WESCO International from $225.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Royal Bank of Canada upped their price target on shares of WESCO International from $212.00 to $213.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 12th. KeyCorp upped their price target on shares of WESCO International from $225.00 to $245.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Finally, StockNews.com cut shares of WESCO International from a “buy” rating to a “hold” rating in a research report on Wednesday, February 12th. 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $218.88.

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).