Whittier Trust Co. of Nevada Inc. Purchases 81 Shares of WESCO International, Inc. (NYSE:WCC)

Whittier Trust Co. of Nevada Inc. lifted its holdings in WESCO International, Inc. (NYSE:WCC) by 43.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 267 shares of the technology company’s stock after acquiring an additional 81 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in WESCO International were worth $48,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. V Square Quantitative Management LLC raised its holdings in WESCO International by 39.9% during the fourth quarter. V Square Quantitative Management LLC now owns 235 shares of the technology company’s stock worth $43,000 after buying an additional 67 shares during the last quarter. GAMMA Investing LLC increased its position 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 worth $68,000 after acquiring an additional 75 shares in the last quarter. Dorsey & Whitney Trust CO LLC acquired a new stake in shares of WESCO International in the 4th quarter worth about $204,000. Integrated Investment Consultants LLC bought a new position in WESCO International in the 4th quarter valued at about $278,000. Finally, Burns Matteson Capital Management LLC acquired a new position in WESCO International during the 4th quarter valued at about $390,000. 93.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WCC has been the subject of several recent analyst reports. Royal Bank of Canada upped their target price on shares of WESCO International from $212.00 to $213.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 12th. KeyCorp decreased 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 target price on WESCO International from $205.00 to $215.00 and gave the stock 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, 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 report on Friday, December 6th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $219.43.

WESCO International Stock Performance

NYSE:WCC opened at $168.89 on Tuesday. 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, Inc. has a fifty-two week low of $143.06 and a fifty-two week high of $216.17. The firm has a market cap of $8.24 billion, a PE ratio of 12.92, a price-to-earnings-growth ratio of 1.45 and a beta of 2.00. The business has a 50 day moving average price of $180.88 and a 200-day moving average price of $182.70.

WESCO International (NYSE:WCC) last announced 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 net margin of 3.29% and a return on equity of 13.63%. Equities research analysts predict 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. Stockholders of record on Friday, March 14th will be paid a $0.4538 dividend. This represents a $1.82 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date is Friday, March 14th. This is a boost from WESCO International’s previous quarterly dividend of $0.41. WESCO International’s dividend payout ratio (DPR) is presently 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).