WESCO International, Inc. (NYSE:WCC) Shares Sold by Leuthold Group LLC

Leuthold Group LLC lowered its holdings in shares of WESCO International, Inc. (NYSE:WCC) by 13.5% during the 4th quarter, Holdings Channel reports. The fund owned 27,960 shares of the technology company’s stock after selling 4,355 shares during the period. Leuthold Group LLC’s holdings in WESCO International were worth $5,060,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in WCC. Geode Capital Management LLC raised its stake in shares of WESCO International by 3.0% during the third quarter. Geode Capital Management LLC now owns 762,653 shares of the technology company’s stock valued at $128,143,000 after purchasing an additional 22,080 shares in the last quarter. Thompson Siegel & Walmsley LLC increased its stake in WESCO International by 341.8% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 258,486 shares of the technology company’s stock valued at $43,420,000 after buying an additional 199,975 shares during the period. Farmers & Merchants Investments Inc. raised its position 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 worth $35,419,000 after buying an additional 752 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in shares of WESCO International by 167.3% in the 4th quarter. Handelsbanken Fonder AB now owns 192,182 shares of the technology company’s stock worth $34,777,000 after acquiring an additional 120,289 shares during the period. Finally, AEGON ASSET MANAGEMENT UK Plc boosted its holdings in shares of WESCO International by 0.5% in the third quarter. AEGON ASSET MANAGEMENT UK Plc now owns 186,081 shares of the technology company’s stock valued at $31,258,000 after acquiring an additional 983 shares in the last quarter. Institutional investors and hedge funds own 93.76% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on WCC shares. Oppenheimer boosted their target price on WESCO International from $205.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Robert W. Baird boosted their price objective on WESCO International from $215.00 to $223.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. StockNews.com cut WESCO International from a “buy” rating to a “hold” rating in a research note on Wednesday, February 12th. Royal Bank of Canada lifted 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, KeyCorp raised their price objective on shares of WESCO International from $225.00 to $245.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Two equities 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’s stock. According to MarketBeat.com, WESCO International has an average rating of “Moderate Buy” and an average price target of $218.88.

WESCO International Trading Down 5.2 %

NYSE:WCC opened at $182.91 on Friday. The stock has a fifty day simple moving average of $186.43 and a 200 day simple moving average of $181.04. The firm has a market capitalization of $8.93 billion, a price-to-earnings ratio of 13.99, a price-to-earnings-growth ratio of 1.45 and a beta of 2.01. WESCO International, Inc. has a 1-year low of $143.06 and a 1-year high of $216.17. The company has a quick ratio of 1.27, a current ratio of 2.20 and a debt-to-equity ratio of 1.02.

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 forecast that WESCO International, Inc. will post 13.3 earnings per share for the current year.

WESCO International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a dividend of $0.4125 per share. This represents a $1.65 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend was Friday, December 13th. WESCO International’s dividend payout ratio (DPR) is currently 12.62%.

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).