NBC Securities Inc. Has $158,000 Holdings in WESCO International, Inc. (NYSE:WCC)

NBC Securities Inc. boosted its holdings in WESCO International, Inc. (NYSE:WCC) by 101,900.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,020 shares of the technology company’s stock after acquiring an additional 1,019 shares during the period. NBC Securities Inc.’s holdings in WESCO International were worth $158,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in WCC. Burns Matteson Capital Management LLC bought a new stake in WESCO International in the 4th quarter valued at $390,000. Van ECK Associates Corp raised its stake in WESCO International by 1.7% in the 4th quarter. Van ECK Associates Corp now owns 30,178 shares of the technology company’s stock valued at $5,461,000 after acquiring an additional 512 shares during the period. V Square Quantitative Management LLC raised its stake in WESCO International by 39.9% in the 4th 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 during the period. New York State Teachers Retirement System raised its stake in WESCO International by 12.0% in the 4th quarter. New York State Teachers Retirement System now owns 24,788 shares of the technology company’s stock valued at $4,486,000 after acquiring an additional 2,654 shares during the period. Finally, Rhumbline Advisers increased its position in WESCO International by 1.9% during the 4th quarter. Rhumbline Advisers now owns 120,402 shares of the technology company’s stock worth $21,788,000 after buying an additional 2,271 shares during the period. Institutional investors own 93.76% of the company’s stock.

WESCO International Stock Performance

NYSE:WCC opened at $176.62 on Tuesday. The stock’s 50-day simple moving average is $159.92 and its 200 day simple moving average is $175.15. The firm has a market capitalization of $8.62 billion, a PE ratio of 13.51, a price-to-earnings-growth ratio of 1.45 and a beta of 1.83. 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, Inc. has a twelve month low of $125.21 and a twelve month high of $216.17.

WESCO International (NYSE:WCC) last released its quarterly earnings data on Thursday, May 1st. The technology company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.02). The business had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.27 billion. WESCO International had a net margin of 3.29% and a return on equity of 13.63%. The business’s quarterly revenue was down .1% compared to the same quarter last year. During the same period last year, the business earned $2.30 earnings per share. On average, analysts anticipate that WESCO International, Inc. will post 13.3 EPS for the current fiscal year.

WESCO International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a $0.4538 dividend. This represents a $1.82 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date is Friday, June 13th. WESCO International’s dividend payout ratio is currently 13.69%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Oppenheimer lowered their price objective on WESCO International from $225.00 to $195.00 and set an “outperform” rating on the stock in a research report on Monday, May 5th. Stephens increased their price objective on WESCO International from $205.00 to $215.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. JPMorgan Chase & Co. lowered their price objective on WESCO International from $210.00 to $180.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 27th. KeyCorp lowered their price objective on WESCO International from $245.00 to $205.00 and set an “overweight” rating on the stock in a research report on Monday, March 17th. Finally, Loop Capital lowered their price objective on WESCO International from $250.00 to $220.00 and set a “buy” rating on the stock in a research report on Monday, May 12th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $212.00.

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).