LSV Asset Management Sells 6,468 Shares of WESCO International, Inc. (NYSE:WCC)

LSV Asset Management lowered its holdings in shares of WESCO International, Inc. (NYSE:WCC) by 3.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 177,000 shares of the technology company’s stock after selling 6,468 shares during the period. LSV Asset Management owned approximately 0.35% of WESCO International worth $30,777,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Van ECK Associates Corp lifted its stake in shares of WESCO International by 21.6% in the fourth quarter. Van ECK Associates Corp now owns 19,297 shares of the technology company’s stock worth $3,355,000 after buying an additional 3,426 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of WESCO International by 5.2% during the fourth quarter. Russell Investments Group Ltd. now owns 41,697 shares of the technology company’s stock valued at $7,251,000 after purchasing an additional 2,079 shares during the last quarter. GAMMA Investing LLC purchased a new position in shares of WESCO International during the fourth quarter valued at approximately $56,000. River Road Asset Management LLC purchased a new position in shares of WESCO International during the fourth quarter valued at approximately $79,404,000. Finally, Scissortail Wealth Management LLC purchased a new position in shares of WESCO International during the fourth quarter valued at approximately $825,000. Institutional investors own 93.76% of the company’s stock.

Insider Buying and Selling

In related news, EVP James Cameron sold 5,352 shares of the company’s stock in a transaction on 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 transaction, the executive vice president now owns 33,595 shares in the company, valued at $5,253,922.05. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP James Cameron sold 5,352 shares of the company’s stock in a transaction on 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 transaction, the executive vice president now owns 33,595 shares in the company, valued at $5,253,922.05. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Nelson John Squires III sold 3,490 shares of the company’s stock in a transaction 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 transaction, the executive vice president now owns 54,385 shares of the company’s stock, valued at approximately $10,333,150. The disclosure for this sale can be found here. 3.10% of the stock is owned by company insiders.

WESCO International Stock Performance

Shares of NYSE WCC opened at $167.70 on Monday. The firm has a fifty day moving average price of $161.27 and a 200-day moving average price of $160.10. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.21 and a quick ratio of 1.33. The stock has a market cap of $8.54 billion, a PE ratio of 13.96, a price-to-earnings-growth ratio of 1.19 and a beta of 2.07. WESCO International, Inc. has a 1 year low of $121.90 and a 1 year high of $195.43.

WESCO International (NYSE:WCC) last announced its quarterly earnings data on Thursday, May 2nd. The technology company reported $2.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.43 by ($0.13). The firm had revenue of $5.35 billion during 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 business’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same period last year, the company earned $3.75 earnings per share. Equities analysts anticipate that WESCO International, Inc. will post 14.12 earnings per share for the current fiscal year.

WESCO International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.4125 dividend. The ex-dividend date was Thursday, March 14th. This is a boost from WESCO International’s previous quarterly dividend of $0.38. This represents a $1.65 dividend on an annualized basis and a dividend yield of 0.98%. WESCO International’s dividend payout ratio is 13.74%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on WCC shares. Royal Bank of Canada decreased their price objective on shares of WESCO International from $176.00 to $172.00 and set a “sector perform” rating for the company in a report on Friday. Robert W. Baird decreased their price objective on shares of WESCO International from $203.00 to $170.00 and set an “outperform” rating for the company in a report on Wednesday, February 14th. Oppenheimer boosted their price objective on shares of WESCO International from $190.00 to $200.00 and gave the company an “outperform” rating in a report on Friday. StockNews.com raised shares of WESCO International from a “hold” rating to a “buy” rating in a report on Friday. Finally, JPMorgan Chase & Co. reduced their target price on shares of WESCO International from $180.00 to $175.00 and set an “overweight” rating for the company in a report on Friday, March 15th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $188.67.

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).