KLP Kapitalforvaltning AS Takes $2.06 Million Position in WESCO International, Inc. (NYSE:WCC)

KLP Kapitalforvaltning AS acquired a new stake in WESCO International, Inc. (NYSE:WCC) in the 4th quarter, Holdings Channel.com reports. The fund acquired 11,386 shares of the technology company’s stock, valued at approximately $2,060,000.

A number of other large investors have also added to or reduced their stakes in the business. V Square Quantitative Management LLC grew its holdings in WESCO International by 39.9% during the 4th quarter. V Square Quantitative Management LLC now owns 235 shares of the technology company’s stock worth $43,000 after acquiring an additional 67 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in shares of WESCO International by 43.5% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 267 shares of the technology company’s stock worth $48,000 after purchasing an additional 81 shares during the last quarter. GAMMA Investing LLC increased its holdings in WESCO International by 25.0% in the fourth quarter. GAMMA Investing LLC now owns 375 shares of the technology company’s stock valued at $68,000 after purchasing an additional 75 shares during the period. Millstone Evans Group LLC bought a new position in WESCO International during the 4th quarter worth $122,000. Finally, Dorsey & Whitney Trust CO LLC acquired a new position in WESCO International during the 4th quarter worth about $204,000. Institutional investors own 93.76% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on WCC shares. Royal Bank of Canada increased their price target on WESCO International from $212.00 to $213.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 12th. Jefferies Financial Group raised their price target on shares of WESCO International from $225.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Stephens boosted their price target on shares of WESCO International from $205.00 to $215.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. StockNews.com cut shares of WESCO International from a “buy” rating to a “hold” rating in a research report on Wednesday, February 12th. Finally, KeyCorp cut their price target on shares of WESCO International from $245.00 to $205.00 and set an “overweight” rating on the stock in a research report on Monday, March 17th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $219.43.

WESCO International Trading Down 1.3 %

NYSE:WCC opened at $163.12 on Friday. The firm has a fifty day simple moving average of $179.33 and a two-hundred day simple moving average of $182.56. WESCO International, Inc. has a 12 month low of $143.06 and a 12 month high of $216.17. The stock has a market capitalization of $7.96 billion, a price-to-earnings ratio of 12.48, a PEG ratio of 1.45 and a beta of 2.00. The company has a current ratio of 2.20, a quick ratio of 1.27 and a debt-to-equity ratio of 1.02.

WESCO International (NYSE:WCC) last issued its earnings results 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 net margin of 3.29% and a return on equity of 13.63%. Analysts expect that WESCO International, Inc. will post 13.3 EPS for the current fiscal year.

WESCO International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.4538 dividend. This is a boost from WESCO International’s previous quarterly dividend of $0.41. This represents a $1.82 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date is Friday, March 14th. WESCO International’s dividend payout ratio (DPR) is currently 13.85%.

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).