WESCO International, Inc. (NYSE:WCC) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. grew its holdings in WESCO International, Inc. (NYSE:WCC) by 5.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 41,697 shares of the technology company’s stock after buying an additional 2,079 shares during the period. Russell Investments Group Ltd.’s holdings in WESCO International were worth $7,251,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. River Road Asset Management LLC purchased a new position in WESCO International in the 4th quarter worth $79,404,000. Bank of New York Mellon Corp lifted its holdings in shares of WESCO International by 1.0% during the third quarter. Bank of New York Mellon Corp now owns 417,250 shares of the technology company’s stock worth $60,009,000 after purchasing an additional 4,187 shares during the period. Farmers & Merchants Investments Inc. boosted its position in WESCO International by 0.4% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 190,759 shares of the technology company’s stock valued at $33,169,000 after buying an additional 790 shares during the last quarter. J. L. Bainbridge & Co. Inc. increased its holdings in WESCO International by 4.5% in the 3rd quarter. J. L. Bainbridge & Co. Inc. now owns 164,213 shares of the technology company’s stock worth $23,617,000 after buying an additional 7,048 shares during the period. Finally, New York State Common Retirement Fund raised its position in WESCO International by 29.8% during the 3rd quarter. New York State Common Retirement Fund now owns 69,402 shares of the technology company’s stock worth $9,981,000 after buying an additional 15,916 shares during the last quarter. Hedge funds and other institutional investors own 93.76% of the company’s stock.

WESCO International Price Performance

Shares of NYSE WCC opened at $180.44 on Wednesday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.33 and a current ratio of 2.21. The firm has a fifty day moving average of $162.56 and a 200 day moving average of $160.78. The firm has a market cap of $9.19 billion, a PE ratio of 15.02, a PEG ratio of 1.19 and a beta of 2.07. WESCO International, Inc. has a one year low of $122.30 and a one year high of $195.43.

WESCO International (NYSE:WCC) last released its earnings results on Thursday, May 2nd. The technology company reported $2.30 EPS for the quarter, missing analysts’ consensus estimates of $2.43 by ($0.13). The company had revenue of $5.35 billion for the quarter, compared to analysts’ expectations of $5.30 billion. WESCO International had a return on equity of 15.10% and a net margin of 3.08%. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same period in the prior year, the firm earned $3.75 EPS. As a group, research analysts predict that WESCO International, Inc. will post 14.12 EPS for the current fiscal year.

WESCO International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a $0.4125 dividend. This represents a $1.65 annualized dividend and a dividend yield of 0.91%. The ex-dividend date was Thursday, March 14th. This is an increase from WESCO International’s previous quarterly dividend of $0.38. WESCO International’s dividend payout ratio (DPR) is 13.74%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on WCC shares. Robert W. Baird cut their price objective on shares of WESCO International from $203.00 to $170.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 14th. KeyCorp increased their price target on WESCO International from $190.00 to $205.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. JPMorgan Chase & Co. decreased their price objective on WESCO International from $180.00 to $175.00 and set an “overweight” rating for the company in a report on Friday, March 15th. Loop Capital raised their target price on WESCO International from $190.00 to $200.00 and gave the stock a “buy” rating in a report on Monday. Finally, StockNews.com raised WESCO International from a “hold” rating to a “buy” rating in a report on Friday, May 3rd. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $187.00.

Insider Transactions at WESCO International

In related news, EVP James Cameron sold 5,352 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $156.39, for a total value of $836,999.28. Following the completion of the transaction, the executive vice president now directly owns 33,595 shares of the company’s stock, valued at approximately $5,253,922.05. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, EVP James Cameron sold 5,352 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $156.39, for a total transaction of $836,999.28. Following the completion of the sale, the executive vice president now owns 33,595 shares of the company’s stock, valued at approximately $5,253,922.05. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Nelson John Squires III sold 3,490 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $190.00, for a total transaction of $663,100.00. Following the completion of the transaction, the executive vice president now directly owns 54,385 shares in the company, valued at $10,333,150. The disclosure for this sale can be found here. Corporate insiders own 3.10% of the company’s stock.

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).