Thompson Siegel & Walmsley LLC trimmed its holdings in shares of WESCO International, Inc. (NYSE:WCC – Free Report) by 0.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,595 shares of the technology company’s stock after selling 198 shares during the quarter. Thompson Siegel & Walmsley LLC owned approximately 0.10% of WESCO International worth $9,597,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. FDx Advisors Inc. purchased a new stake in shares of WESCO International during the second quarter worth approximately $259,000. New York State Teachers Retirement System purchased a new stake in shares of WESCO International during the second quarter worth approximately $2,392,000. Titleist Asset Management LLC purchased a new stake in shares of WESCO International during the first quarter worth approximately $376,000. Van ECK Associates Corp increased its position in shares of WESCO International by 69.5% during the second quarter. Van ECK Associates Corp now owns 7,224 shares of the technology company’s stock worth $1,294,000 after purchasing an additional 2,963 shares in the last quarter. Finally, Rhumbline Advisers increased its position in shares of WESCO International by 165.2% during the second quarter. Rhumbline Advisers now owns 134,385 shares of the technology company’s stock worth $24,063,000 after purchasing an additional 83,703 shares in the last quarter. 99.15% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on the company. KeyCorp decreased their price target on WESCO International from $210.00 to $185.00 and set an “overweight” rating on the stock in a research note on Friday, August 4th. StockNews.com raised WESCO International from a “hold” rating to a “buy” rating in a research report on Friday, November 3rd. Royal Bank of Canada reduced their price target on WESCO International from $214.00 to $189.00 and set an “outperform” rating on the stock in a research report on Friday, August 4th. Oppenheimer reduced their price target on WESCO International from $190.00 to $185.00 and set an “outperform” rating on the stock in a research report on Friday, August 4th. Finally, JPMorgan Chase & Co. upgraded WESCO International from a “neutral” rating to an “overweight” rating and set a $180.00 price objective on the stock in a report on Friday, October 6th. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, WESCO International presently has an average rating of “Buy” and an average target price of $189.86.
WESCO International Price Performance
WESCO International stock traded up $4.88 during mid-day trading on Friday, hitting $151.81. 700,139 shares of the company were exchanged, compared to its average volume of 566,884. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.36 and a quick ratio of 1.39. The business’s 50 day simple moving average is $141.42 and its two-hundred day simple moving average is $151.85. The company has a market capitalization of $7.75 billion, a P/E ratio of 10.13, a PEG ratio of 0.93 and a beta of 2.01. WESCO International, Inc. has a 12-month low of $117.12 and a 12-month high of $185.23.
WESCO International Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend was Thursday, September 14th. WESCO International’s dividend payout ratio (DPR) is presently 10.01%.
WESCO International Company 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).
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