MassMutual Private Wealth & Trust FSB Acquires 11,574 Shares of WESCO International, Inc. (NYSE:WCC)

MassMutual Private Wealth & Trust FSB raised its holdings in WESCO International, Inc. (NYSE:WCC) by 12,056.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,670 shares of the technology company’s stock after buying an additional 11,574 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in WESCO International were worth $2,112,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in WCC. V Square Quantitative Management LLC bought a new position in WESCO International in the 3rd quarter valued at about $28,000. GAMMA Investing LLC grew its holdings in WESCO International by 25.0% during the fourth quarter. GAMMA Investing LLC now owns 375 shares of the technology company’s stock worth $68,000 after buying an additional 75 shares in the last quarter. UMB Bank n.a. grew its holdings in WESCO International by 18.3% during the third quarter. UMB Bank n.a. now owns 633 shares of the technology company’s stock worth $106,000 after buying an additional 98 shares in the last quarter. Highland Capital Management LLC purchased a new stake in WESCO International in the 3rd quarter valued at $221,000. Finally, Innealta Capital LLC lifted its stake in WESCO International by 68.0% during the 3rd quarter. Innealta Capital LLC now owns 1,606 shares of the technology company’s stock valued at $270,000 after acquiring an additional 650 shares in the last quarter. 93.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at WESCO International

In other WESCO International news, EVP William Clayton Geary sold 2,829 shares of WESCO International stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $205.73, for a total value of $582,010.17. Following the completion of the transaction, the executive vice president now directly owns 35,063 shares of the company’s stock, valued at approximately $7,213,510.99. The trade was a 7.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Nelson John Squires III sold 10,000 shares of the stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $190.00, for a total transaction of $1,900,000.00. Following the sale, the executive vice president now owns 54,621 shares in the company, valued at approximately $10,377,990. The trade was a 15.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,767 shares of company stock valued at $5,567,454 in the last 90 days. Corporate insiders own 3.10% of the company’s stock.

WESCO International Stock Performance

Shares of WESCO International stock opened at $191.73 on Tuesday. WESCO International, Inc. has a 12 month low of $132.37 and a 12 month high of $216.17. The firm has a market capitalization of $9.39 billion, a P/E ratio of 15.35, a P/E/G ratio of 1.37 and a beta of 2.02. The company has a current ratio of 2.21, a quick ratio of 1.29 and a debt-to-equity ratio of 0.99. The business has a fifty day simple moving average of $193.73 and a two-hundred day simple moving average of $177.21.

WESCO International (NYSE:WCC) last issued its quarterly earnings results on Thursday, October 31st. The technology company reported $3.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $0.36. WESCO International had a net margin of 3.19% and a return on equity of 13.19%. The company had revenue of $5.49 billion during the quarter, compared to analysts’ expectations of $5.46 billion. During the same period last year, the company posted $4.49 EPS. WESCO International’s revenue was down 2.7% on a year-over-year basis. On average, equities analysts forecast that WESCO International, Inc. will post 12.3 earnings per share for the current fiscal year.

WESCO International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a $0.4125 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.65 annualized dividend and a dividend yield of 0.86%. WESCO International’s payout ratio is currently 13.21%.

Analyst Ratings Changes

Several equities research analysts have commented on WCC shares. Royal Bank of Canada increased their price objective on shares of WESCO International from $186.00 to $199.00 and gave the company a “sector perform” rating in a research note on Friday, November 1st. Loop Capital lifted their target price on WESCO International from $190.00 to $210.00 and gave the company a “buy” rating in a report on Friday, September 27th. Stephens raised their price target on WESCO International from $190.00 to $205.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Baird R W upgraded shares of WESCO International from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. Finally, StockNews.com upgraded WESCO International from a “hold” rating to a “buy” rating in a research report on Friday. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, WESCO International has an average rating of “Buy” and an average target price of $215.88.

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).