WESCO International, Inc. (NYSE:WCC) Shares Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB raised its position in WESCO International, Inc. (NYSE:WCC) by 167.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 192,182 shares of the technology company’s stock after purchasing an additional 120,289 shares during the quarter. Handelsbanken Fonder AB owned about 0.39% of WESCO International worth $34,777,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Greenleaf Trust increased its holdings in shares of WESCO International by 4.8% during the third quarter. Greenleaf Trust now owns 2,401 shares of the technology company’s stock valued at $403,000 after purchasing an additional 111 shares during the period. Highland Capital Management LLC acquired a new position in WESCO International during the 3rd quarter valued at about $221,000. Farmers & Merchants Investments Inc. raised its position in shares of WESCO International by 1.5% during the 3rd quarter. Farmers & Merchants Investments Inc. now owns 194,979 shares of the technology company’s stock worth $32,753,000 after buying an additional 2,923 shares in the last quarter. EMC Capital Management lifted its stake in shares of WESCO International by 580.8% in the 3rd quarter. EMC Capital Management now owns 16,094 shares of the technology company’s stock worth $2,703,000 after acquiring an additional 13,730 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its holdings in shares of WESCO International by 142.8% in the third quarter. Harbor Capital Advisors Inc. now owns 30,063 shares of the technology company’s stock valued at $5,050,000 after acquiring an additional 17,682 shares in the last quarter. Institutional investors own 93.76% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on WCC. Royal Bank of Canada boosted their target price on WESCO International from $212.00 to $213.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 12th. Jefferies Financial Group boosted their price objective on WESCO International from $225.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. StockNews.com lowered WESCO International from a “buy” rating to a “hold” rating in a report on Wednesday, February 12th. Stephens lifted their target price on WESCO International from $205.00 to $215.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Robert W. Baird upped their price target on shares of WESCO International from $215.00 to $223.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $218.88.

WESCO International Trading Down 2.2 %

Shares of NYSE WCC opened at $192.64 on Friday. The company has a quick ratio of 1.27, a current ratio of 2.20 and a debt-to-equity ratio of 1.02. WESCO International, Inc. has a 12 month low of $141.02 and a 12 month high of $216.17. The company has a market cap of $9.44 billion, a price-to-earnings ratio of 14.74, a P/E/G ratio of 1.50 and a beta of 2.01. The business has a fifty day simple moving average of $186.59 and a 200-day simple moving average of $180.81.

WESCO International (NYSE:WCC) last posted 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 net margin of 3.29% and a return on equity of 13.63%. Sell-side analysts predict that WESCO International, Inc. will post 13.3 EPS for the current year.

WESCO International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a dividend of $0.4125 per share. This represents a $1.65 annualized dividend and a yield of 0.86%. The ex-dividend date was Friday, December 13th. WESCO International’s payout ratio is 12.62%.

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).