Bank of New York Mellon Corp raised its holdings in shares of WESCO International, Inc. (NYSE:WCC) by 5.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 437,185 shares of the technology company’s stock after acquiring an additional 22,204 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.90% of WESCO International worth $25,051,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of WCC. Tudor Investment Corp ET AL bought a new stake in WESCO International during the first quarter valued at about $8,096,000. Cornerstone Capital Management Holdings LLC. raised its holdings in WESCO International by 68.6% during the first quarter. Cornerstone Capital Management Holdings LLC. now owns 167,436 shares of the technology company’s stock valued at $11,644,000 after acquiring an additional 68,127 shares during the period. Geode Capital Management LLC raised its holdings in WESCO International by 15.1% during the first quarter. Geode Capital Management LLC now owns 347,305 shares of the technology company’s stock valued at $24,155,000 after acquiring an additional 45,629 shares during the period. Karp Capital Management Corp bought a new stake in WESCO International during the first quarter valued at about $2,600,000. Finally, Public Employees Retirement System of Ohio raised its holdings in WESCO International by 15.3% during the first quarter. Public Employees Retirement System of Ohio now owns 145,880 shares of the technology company’s stock valued at $10,146,000 after acquiring an additional 19,355 shares during the period. 98.17% of the stock is currently owned by institutional investors and hedge funds.

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In other WESCO International news, CFO David S. Schulz acquired 4,000 shares of the business’s stock in a transaction on Friday, August 11th. The stock was bought at an average price of $51.57 per share, for a total transaction of $206,280.00. Following the acquisition, the chief financial officer now owns 9,000 shares in the company, valued at $464,130. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.90% of the stock is currently owned by corporate insiders.

WCC has been the topic of a number of recent analyst reports. Zacks Investment Research raised WESCO International from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a report on Tuesday, May 30th. Credit Suisse Group set a $70.00 price target on WESCO International and gave the company a “buy” rating in a report on Saturday, June 10th. Northcoast Research initiated coverage on WESCO International in a report on Tuesday, July 25th. They set a “buy” rating and a $70.00 price target on the stock. Standpoint Research raised WESCO International from a “hold” rating to a “buy” rating and set a $63.00 price target on the stock in a report on Thursday, August 3rd. Finally, TheStreet cut WESCO International from a “b-” rating to a “c” rating in a report on Wednesday, June 14th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $68.46.

WESCO International, Inc. (NYSE:WCC) opened at 54.75 on Thursday. WESCO International, Inc. has a 52-week low of $48.95 and a 52-week high of $76.15. The company has a 50-day moving average price of $51.45 and a 200 day moving average price of $60.17. The stock has a market cap of $2.63 billion, a price-to-earnings ratio of 25.96 and a beta of 1.77.

WESCO International (NYSE:WCC) last released its quarterly earnings data on Thursday, July 27th. The technology company reported $1.02 EPS for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.04. The company had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.91 billion. WESCO International had a net margin of 1.41% and a return on equity of 9.11%. WESCO International’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.02 EPS. On average, analysts expect that WESCO International, Inc. will post $3.74 earnings per share for the current year.

WESCO International Profile

WESCO International, Inc is a distributor of products and provider of supply chain management and logistics services used in industrial, construction, utility and commercial, institutional and government (CIG) markets. The Company is a provider of electrical, industrial and communications maintenance, repair and operating (MRO) and original equipment manufacturers (OEM) products, construction materials, and supply chain management and logistics services.

Institutional Ownership by Quarter for WESCO International (NYSE:WCC)

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