Greenleaf Trust Has $372,000 Holdings in WESCO International, Inc. (NYSE:WCC)

Greenleaf Trust lessened its holdings in shares of WESCO International, Inc. (NYSE:WCC) by 38.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,137 shares of the technology company’s stock after selling 1,308 shares during the quarter. Greenleaf Trust’s holdings in WESCO International were worth $372,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of WCC. SG Americas Securities LLC acquired a new position in shares of WESCO International during the third quarter worth $1,858,000. Park Place Capital Corp raised its stake in WESCO International by 41.3% during the third quarter. Park Place Capital Corp now owns 294 shares of the technology company’s stock worth $42,000 after buying an additional 86 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its stake in WESCO International by 95.3% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 20,900 shares of the technology company’s stock worth $3,006,000 after buying an additional 10,200 shares during the last quarter. HGK Asset Management Inc. raised its stake in WESCO International by 59.3% during the third quarter. HGK Asset Management Inc. now owns 2,349 shares of the technology company’s stock worth $338,000 after buying an additional 874 shares during the last quarter. Finally, Shaker Investments LLC OH raised its stake in WESCO International by 14.0% during the third quarter. Shaker Investments LLC OH now owns 46,815 shares of the technology company’s stock worth $6,733,000 after buying an additional 5,752 shares during the last quarter. Institutional investors and hedge funds own 93.76% of the company’s stock.

Insider Transactions at WESCO International

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on WCC. JPMorgan Chase & Co. lowered their target price on shares of WESCO International from $180.00 to $175.00 and set an “overweight” rating for the company in a research note on Friday, March 15th. Oppenheimer lifted their target price on shares of WESCO International from $175.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, March 7th. StockNews.com downgraded shares of WESCO International from a “buy” rating to a “hold” rating in a research note on Wednesday, February 14th. Robert W. Baird lowered their target price on shares of WESCO International from $203.00 to $170.00 and set an “outperform” rating for the company in a research note on Wednesday, February 14th. Finally, KeyCorp lifted their target price on shares of WESCO International from $165.00 to $190.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, WESCO International has a consensus rating of “Moderate Buy” and a consensus target price of $184.67.

WESCO International Trading Up 2.0 %

WCC opened at $159.13 on Wednesday. WESCO International, Inc. has a 1-year low of $121.90 and a 1-year high of $195.43. The company has a current ratio of 2.48, a quick ratio of 1.42 and a debt-to-equity ratio of 1.06. The company has a market cap of $8.11 billion, a P/E ratio of 11.75, a price-to-earnings-growth ratio of 1.10 and a beta of 2.06. The company has a fifty day moving average price of $159.04 and a two-hundred day moving average price of $159.12.

WESCO International (NYSE:WCC) last posted its quarterly earnings results on Tuesday, February 13th. The technology company reported $2.65 earnings per share for the quarter, missing the consensus estimate of $3.86 by ($1.21). WESCO International had a net margin of 3.42% and a return on equity of 17.01%. The company had revenue of $5.50 billion during the quarter, compared to the consensus estimate of $5.59 billion. During the same period last year, the firm posted $4.13 earnings per share. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. Analysts predict that WESCO International, Inc. will post 14.19 EPS for the current fiscal year.

WESCO International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a dividend of $0.4125 per share. The ex-dividend date was Thursday, March 14th. This is an increase from WESCO International’s previous quarterly dividend of $0.38. This represents a $1.65 annualized dividend and a dividend yield of 1.04%. WESCO International’s payout ratio is presently 12.19%.

About WESCO International

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).