Quent Capital LLC Cuts Stock Position in WESCO International, Inc. (NYSE:WCC)

Quent Capital LLC trimmed its holdings in shares of WESCO International, Inc. (NYSE:WCC) by 2.6% in the fourth quarter, Holdings Channel reports. The firm owned 3,561 shares of the technology company’s stock after selling 94 shares during the period. Quent Capital LLC’s holdings in WESCO International were worth $644,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Thompson Siegel & Walmsley LLC raised its stake in shares of WESCO International by 341.8% during the third quarter. Thompson Siegel & Walmsley LLC now owns 258,486 shares of the technology company’s stock valued at $43,420,000 after purchasing an additional 199,975 shares during the period. Harbor Capital Advisors Inc. grew its holdings in WESCO International by 142.8% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 30,063 shares of the technology company’s stock valued at $5,050,000 after purchasing an additional 17,682 shares in the last quarter. Geode Capital Management LLC increased its stake in WESCO International by 3.0% during 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 during the period. EMC Capital Management lifted its holdings in 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 buying an additional 13,730 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. boosted its position in WESCO International by 1.5% in the 3rd quarter. Farmers & Merchants Investments Inc. now owns 194,979 shares of the technology company’s stock valued at $32,753,000 after buying an additional 2,923 shares during the last quarter. 93.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on WCC. Stephens boosted their price target on WESCO International from $190.00 to $205.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Royal Bank of Canada upped their target price on WESCO International from $186.00 to $199.00 and gave the company a “sector perform” rating in a research report on Friday, November 1st. Robert W. Baird raised their price target on shares of WESCO International from $215.00 to $223.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Baird R W raised shares of WESCO International from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 16th. Finally, Oppenheimer increased their price objective on shares of WESCO International from $205.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, WESCO International presently has a consensus rating of “Buy” and an average price target of $215.88.

WESCO International Stock Performance

Shares of WCC opened at $188.33 on Wednesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.21 and a quick ratio of 1.29. WESCO International, Inc. has a 12-month low of $132.37 and a 12-month high of $216.17. The business’s fifty day moving average price is $187.50 and its 200 day moving average price is $179.56. The stock has a market capitalization of $9.23 billion, a PE ratio of 15.08, a price-to-earnings-growth ratio of 1.34 and a beta of 2.01.

WESCO International (NYSE:WCC) last posted its quarterly earnings results on Tuesday, February 11th. The technology company reported $3.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.07). WESCO International had a return on equity of 13.19% and a net margin of 3.19%. Equities research analysts forecast that WESCO International, Inc. will post 12.3 EPS for the current year.

WESCO International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a dividend of $0.4125 per share. This represents a $1.65 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend was Friday, December 13th. WESCO International’s dividend payout ratio (DPR) is presently 13.21%.

WESCO International Company 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).