WESCO International, Inc. (NYSE:WCC) Shares Bought by Farther Finance Advisors LLC

Farther Finance Advisors LLC increased its stake in WESCO International, Inc. (NYSE:WCC) by 7.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,337 shares of the technology company’s stock after acquiring an additional 98 shares during the period. Farther Finance Advisors LLC’s holdings in WESCO International were worth $209,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in WCC. NBC Securities Inc. grew its stake in shares of WESCO International by 101,900.0% in the 1st quarter. NBC Securities Inc. now owns 1,020 shares of the technology company’s stock worth $158,000 after purchasing an additional 1,019 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of WESCO International by 21.1% in the first quarter. Parallel Advisors LLC now owns 447 shares of the technology company’s stock valued at $69,000 after buying an additional 78 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of WESCO International by 19,737.1% during the 1st quarter. GAMMA Investing LLC now owns 74,389 shares of the technology company’s stock valued at $11,553,000 after acquiring an additional 74,014 shares during the last quarter. Versant Capital Management Inc boosted its stake in shares of WESCO International by 2,208.3% during the 1st quarter. Versant Capital Management Inc now owns 1,939 shares of the technology company’s stock worth $301,000 after acquiring an additional 1,855 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in shares of WESCO International by 53.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 17,888 shares of the technology company’s stock worth $2,778,000 after acquiring an additional 6,218 shares in the last quarter. Institutional investors and hedge funds own 93.76% of the company’s stock.

WESCO International Trading Up 3.0%

Shares of NYSE WCC opened at $176.58 on Friday. The company has a current ratio of 2.15, a quick ratio of 1.23 and a debt-to-equity ratio of 1.02. WESCO International, Inc. has a one year low of $125.21 and a one year high of $216.17. The business has a 50-day moving average price of $165.32 and a two-hundred day moving average price of $173.72. The firm has a market capitalization of $8.62 billion, a PE ratio of 13.36, a PEG ratio of 1.36 and a beta of 1.83.

WESCO International (NYSE:WCC) last posted its quarterly earnings results on Thursday, May 1st. The technology company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.02). WESCO International had a return on equity of 13.40% and a net margin of 3.30%. The company had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.27 billion. During the same quarter in the prior year, the business posted $2.30 earnings per share. The business’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, analysts predict that WESCO International, Inc. will post 13.3 earnings per share for the current fiscal year.

WESCO International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders 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 of this dividend is Friday, June 13th. WESCO International’s dividend payout ratio (DPR) is presently 13.77%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. reduced their target price on WESCO International from $210.00 to $180.00 and set an “overweight” rating for the company in a report on Tuesday, May 27th. KeyCorp boosted their price objective on WESCO International from $180.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, June 13th. Loop Capital reduced their price objective on shares of WESCO International from $250.00 to $220.00 and set a “buy” rating for the company in a research note on Monday, May 12th. Finally, Oppenheimer decreased their target price on shares of WESCO International from $225.00 to $195.00 and set an “outperform” rating for the company in a report on Monday, May 5th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, WESCO International currently has an average rating of “Moderate Buy” and a consensus target price of $212.63.

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).