Livforsakringsbolaget Skandia Omsesidigt Has $1.77 Million Stock Holdings in WESCO International, Inc. (NYSE:WCC)

Livforsakringsbolaget Skandia Omsesidigt lessened its holdings in shares of WESCO International, Inc. (NYSE:WCC) by 51.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 10,200 shares of the technology company’s stock after selling 10,700 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in WESCO International were worth $1,774,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. KB Financial Partners LLC grew its holdings in WESCO International by 76.8% during the 3rd quarter. KB Financial Partners LLC now owns 198 shares of the technology company’s stock worth $28,000 after acquiring an additional 86 shares during the period. Park Place Capital Corp grew its holdings in shares of WESCO International by 41.3% in the 3rd quarter. Park Place Capital Corp now owns 294 shares of the technology company’s stock valued at $42,000 after buying an additional 86 shares during the period. Anchor Investment Management LLC acquired a new position in shares of WESCO International in the 4th quarter valued at $48,000. Fred Alger Management LLC acquired a new position in shares of WESCO International in the 3rd quarter valued at $60,000. Finally, Richelieu Gestion SA acquired a new position in shares of WESCO International in the 4th quarter valued at $122,000. Institutional investors and hedge funds own 93.76% of the company’s stock.

Insiders Place Their Bets

In other WESCO International news, EVP James Cameron sold 5,352 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $156.39, for a total transaction of $836,999.28. Following the transaction, the executive vice president now owns 33,595 shares in the company, valued at approximately $5,253,922.05. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, EVP James Cameron sold 5,352 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $156.39, for a total transaction of $836,999.28. Following the completion of the sale, the executive vice president now owns 33,595 shares of the company’s stock, valued at approximately $5,253,922.05. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Nelson John Squires III sold 3,490 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $190.00, for a total transaction of $663,100.00. Following the sale, the executive vice president now directly owns 54,385 shares of the company’s stock, valued at approximately $10,333,150. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.

WESCO International Stock Up 1.1 %

Shares of WCC opened at $154.17 on Thursday. WESCO International, Inc. has a 52 week low of $121.90 and a 52 week high of $195.43. The firm has a market cap of $7.85 billion, a P/E ratio of 11.26, a price-to-earnings-growth ratio of 1.09 and a beta of 2.06. The firm’s 50-day simple moving average is $160.78 and its 200 day simple moving average is $158.58. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.42 and a current ratio of 2.48.

WESCO International (NYSE:WCC) last announced its earnings results on Tuesday, February 13th. The technology company reported $2.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.86 by ($1.21). WESCO International had a return on equity of 17.01% and a net margin of 3.42%. The business had revenue of $5.50 billion for the quarter, compared to analyst estimates of $5.59 billion. During the same quarter in the previous year, the company earned $4.13 EPS. The business’s revenue for the quarter was down 1.8% on a year-over-year basis. On average, analysts forecast that WESCO International, Inc. will post 14.19 earnings per share for the current year.

WESCO International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a dividend of $0.4125 per share. This represents a $1.65 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from WESCO International’s previous quarterly dividend of $0.38. WESCO International’s dividend payout ratio is presently 12.19%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Robert W. Baird decreased their price target on shares of WESCO International from $203.00 to $170.00 and set an “outperform” rating for the company in a report on Wednesday, February 14th. KeyCorp boosted their price objective on shares of WESCO International from $165.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. StockNews.com cut shares of WESCO International from a “buy” rating to a “hold” rating in a research report on Wednesday, February 14th. JPMorgan Chase & Co. cut their price target on shares of WESCO International from $180.00 to $175.00 and set an “overweight” rating on the stock in a research report on Friday, March 15th. Finally, Oppenheimer upped their target price on shares of WESCO International from $175.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, March 7th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, WESCO International presently has an average rating of “Moderate Buy” and an average price target of $184.67.

About WESCO International

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).