WESCO International, Inc. (NYSE:WCC) Shares Sold by Kennedy Capital Management LLC

Kennedy Capital Management LLC reduced its stake in WESCO International, Inc. (NYSE:WCC) by 11.9% in the fourth quarter, HoldingsChannel reports. The fund owned 63,630 shares of the technology company’s stock after selling 8,595 shares during the quarter. Kennedy Capital Management LLC’s holdings in WESCO International were worth $11,514,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Geode Capital Management LLC raised its stake in shares of WESCO International by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 762,653 shares of the technology company’s stock worth $128,143,000 after buying an additional 22,080 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in WESCO International by 2.5% during the fourth quarter. Bank of New York Mellon Corp now owns 403,216 shares of the technology company’s stock valued at $72,966,000 after purchasing an additional 10,016 shares during the last quarter. Davis Selected Advisers boosted its holdings in WESCO International by 0.4% during the fourth quarter. Davis Selected Advisers now owns 256,987 shares of the technology company’s stock worth $46,504,000 after buying an additional 967 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of WESCO International by 62.9% in the fourth quarter. Russell Investments Group Ltd. now owns 215,002 shares of the technology company’s stock valued at $38,906,000 after buying an additional 83,031 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. boosted its stake in shares of WESCO International by 0.4% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 195,731 shares of the technology company’s stock worth $35,419,000 after acquiring an additional 752 shares in the last quarter. Institutional investors and hedge funds own 93.76% of the company’s stock.

WESCO International Stock Performance

Shares of WCC stock opened at $147.00 on Friday. The firm has a market cap of $7.17 billion, a P/E ratio of 11.25, a PEG ratio of 1.45 and a beta of 1.83. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.20 and a quick ratio of 1.27. WESCO International, Inc. has a fifty-two week low of $125.21 and a fifty-two week high of $216.17. The stock’s 50-day moving average is $169.03 and its two-hundred day moving average is $181.29.

WESCO International (NYSE:WCC) last posted its earnings results on Tuesday, February 11th. The technology company reported $3.16 EPS for the quarter, missing the consensus estimate of $3.23 by ($0.07). WESCO International had a return on equity of 13.63% and a net margin of 3.29%. Analysts predict that WESCO International, Inc. will post 13.3 earnings per share for the current fiscal year.

WESCO International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $0.4538 dividend. This represents a $1.82 dividend on an annualized basis and a dividend yield of 1.23%. This is an increase from WESCO International’s previous quarterly dividend of $0.41. The ex-dividend date was Friday, March 14th. WESCO International’s dividend payout ratio (DPR) is presently 13.85%.

Wall Street Analysts Forecast Growth

WCC has been the subject of several analyst reports. KeyCorp reduced their target price on WESCO International from $245.00 to $205.00 and set an “overweight” rating for the company in a report on Monday, March 17th. Royal Bank of Canada boosted their price target on shares of WESCO International from $212.00 to $213.00 and gave the company a “sector perform” rating in a report on Wednesday, February 12th. StockNews.com lowered shares of WESCO International from a “buy” rating to a “hold” rating in a research note on Wednesday, February 12th. Finally, Stephens boosted their target price on shares of WESCO International from $205.00 to $215.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $219.43.

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).