Oregon Public Employees Retirement Fund Trims Stock Holdings in WESCO International, Inc. (NYSE:WCC)

Oregon Public Employees Retirement Fund reduced its stake in WESCO International, Inc. (NYSE:WCC) by 0.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,066 shares of the technology company’s stock after selling 75 shares during the period. Oregon Public Employees Retirement Fund’s holdings in WESCO International were worth $1,641,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Geode Capital Management LLC raised its holdings in WESCO International by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 762,653 shares of the technology company’s stock valued at $128,143,000 after buying an additional 22,080 shares during the period. Bank of New York Mellon Corp raised its holdings in WESCO International by 2.5% in the 4th quarter. Bank of New York Mellon Corp now owns 403,216 shares of the technology company’s stock valued at $72,966,000 after buying an additional 10,016 shares during the period. Thompson Siegel & Walmsley LLC raised its holdings in WESCO International by 341.8% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 258,486 shares of the technology company’s stock valued at $43,420,000 after buying an additional 199,975 shares during the period. Farmers & Merchants Investments Inc. raised its holdings in WESCO International by 0.4% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 195,731 shares of the technology company’s stock valued at $35,419,000 after buying an additional 752 shares during the period. Finally, Handelsbanken Fonder AB raised its holdings in WESCO International by 167.3% in the 4th quarter. Handelsbanken Fonder AB now owns 192,182 shares of the technology company’s stock valued at $34,777,000 after buying an additional 120,289 shares during the period. 93.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. KeyCorp boosted their price objective on shares of WESCO International from $225.00 to $245.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Stephens lifted their target price on WESCO International from $205.00 to $215.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. Jefferies Financial Group lifted their target price on WESCO International from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Oppenheimer lifted their target price on WESCO International from $205.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, StockNews.com downgraded WESCO International from a “buy” rating to a “hold” rating in a research report on Wednesday, February 12th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $218.88.

WESCO International Stock Performance

Shares of WESCO International stock opened at $180.68 on Friday. WESCO International, Inc. has a one year low of $143.06 and a one year high of $216.17. The company has a market cap of $8.82 billion, a PE ratio of 13.82, a P/E/G ratio of 1.45 and a beta of 2.01. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.27 and a current ratio of 2.20. The business has a 50-day simple moving average of $186.22 and a 200-day simple moving average of $181.92.

WESCO International (NYSE:WCC) last announced its quarterly earnings data on Tuesday, February 11th. The technology company reported $3.16 EPS for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.07). WESCO International had a return on equity of 13.63% and a net margin of 3.29%. On average, equities research analysts forecast that WESCO International, Inc. will post 13.3 EPS for the current fiscal year.

WESCO International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.4538 per share. This is a boost from WESCO International’s previous quarterly dividend of $0.41. The ex-dividend date is Friday, March 14th. This represents a $1.82 annualized dividend and a yield of 1.00%. WESCO International’s payout ratio is presently 12.62%.

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).