Dorsey & Whitney Trust CO LLC Acquires New Shares in WESCO International, Inc. (NYSE:WCC)

Dorsey & Whitney Trust CO LLC bought a new stake in WESCO International, Inc. (NYSE:WCC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,129 shares of the technology company’s stock, valued at approximately $204,000.

Several other hedge funds also recently bought and sold shares of the company. V Square Quantitative Management LLC grew its stake in shares of WESCO International by 39.9% in the 4th quarter. V Square Quantitative Management LLC now owns 235 shares of the technology company’s stock valued at $43,000 after buying an additional 67 shares in the last quarter. GAMMA Investing LLC lifted its stake 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 acquiring an additional 75 shares during the last quarter. Integrated Investment Consultants LLC bought a new stake in WESCO International in the fourth quarter worth approximately $278,000. Burns Matteson Capital Management LLC acquired a new position in shares of WESCO International during the 4th quarter worth $390,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of WESCO International during the 3rd quarter valued at $592,000. 93.76% of the stock is owned by institutional investors and hedge funds.

WESCO International Stock Up 1.0 %

WCC opened at $158.37 on Wednesday. The business has a 50 day moving average of $184.12 and a 200-day moving average of $182.52. The stock has a market capitalization of $7.73 billion, a price-to-earnings ratio of 12.12, a P/E/G 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, Inc. has a 1-year low of $143.06 and a 1-year high of $216.17.

WESCO International (NYSE:WCC) last issued 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%. As a group, sell-side analysts anticipate that WESCO International, Inc. will post 13.3 earnings per share for the current 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 given a dividend of $0.4538 per share. The ex-dividend date is Friday, March 14th. This is an increase from WESCO International’s previous quarterly dividend of $0.41. This represents a $1.82 dividend on an annualized basis and a yield of 1.15%. WESCO International’s dividend payout ratio (DPR) is 13.85%.

Analysts Set New Price Targets

Several research firms have weighed in on WCC. StockNews.com lowered WESCO International from a “buy” rating to a “hold” rating in a report on Wednesday, February 12th. KeyCorp boosted their target price on WESCO International from $225.00 to $245.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Stephens upped their target price on WESCO International from $205.00 to $215.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Jefferies Financial Group lifted their price target on shares of WESCO International from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Finally, Royal Bank of Canada upped their price objective on shares of WESCO International from $212.00 to $213.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $218.88.

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).