WESCO International, Inc. (NYSE:WCC) Shares Sold by Jump Financial LLC

Jump Financial LLC lessened its position in shares of WESCO International, Inc. (NYSE:WCC) by 89.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,970 shares of the technology company’s stock after selling 59,583 shares during the quarter. Jump Financial LLC’s holdings in WESCO International were worth $1,261,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB acquired a new stake in shares of WESCO International during the third quarter valued at $592,000. GAMMA Investing LLC lifted its stake in shares of WESCO International by 25.0% during the fourth quarter. GAMMA Investing LLC now owns 375 shares of the technology company’s stock valued at $68,000 after buying an additional 75 shares during the period. Integrated Investment Consultants LLC purchased a new stake in WESCO International in the 4th quarter worth approximately $278,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of WESCO International by 12,056.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 11,670 shares of the technology company’s stock worth $2,112,000 after purchasing an additional 11,574 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. increased its stake in WESCO International by 0.4% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 195,731 shares of the technology company’s stock valued at $35,419,000 after purchasing an additional 752 shares during the last quarter. 93.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. KeyCorp dropped their price objective on shares of WESCO International from $245.00 to $205.00 and set an “overweight” rating for the company in a research note on Monday, March 17th. Stephens boosted their price objective 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. StockNews.com downgraded WESCO International from a “buy” rating to a “hold” rating in a research report on Wednesday, February 12th. Finally, Royal Bank of Canada raised their price objective on WESCO International from $212.00 to $213.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 12th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $219.43.

WESCO International Stock Performance

Shares of NYSE:WCC opened at $150.80 on Monday. The company has a market cap of $7.36 billion, a P/E ratio of 11.54, a PEG ratio of 1.45 and a beta of 1.83. WESCO International, Inc. has a one year low of $125.21 and a one year high of $216.17. The business’s 50-day simple moving average is $164.69 and its 200 day simple moving average is $180.63. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.27 and a current ratio of 2.20.

WESCO International (NYSE:WCC) last released its quarterly earnings results on Tuesday, February 11th. The technology company reported $3.16 earnings per share 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%. On average, sell-side analysts forecast that WESCO International, Inc. will post 13.3 earnings per share for the current fiscal year.

WESCO International Increases Dividend

The business also recently declared 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 1.20%. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from WESCO International’s previous quarterly dividend of $0.41. WESCO International’s payout ratio is 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).