WESCO International, Inc. (NYSE:WCC) Shares Purchased by Hudson Edge Investment Partners Inc.

Hudson Edge Investment Partners Inc. grew its position in shares of WESCO International, Inc. (NYSE:WCC) by 17.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,552 shares of the technology company’s stock after acquiring an additional 666 shares during the quarter. Hudson Edge Investment Partners Inc.’s holdings in WESCO International were worth $824,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of WCC. V Square Quantitative Management LLC boosted its stake in WESCO International by 39.9% during the 4th quarter. V Square Quantitative Management LLC now owns 235 shares of the technology company’s stock valued at $43,000 after purchasing an additional 67 shares during the period. GAMMA Investing LLC raised its holdings 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 valued at $68,000 after buying an additional 75 shares during the last quarter. Highland Capital Management LLC bought a new position in WESCO International in the 3rd quarter worth approximately $221,000. Innealta Capital LLC increased its position in WESCO International by 68.0% in the 3rd quarter. Innealta Capital LLC now owns 1,606 shares of the technology company’s stock valued at $270,000 after acquiring an additional 650 shares during the period. Finally, Integrated Investment Consultants LLC bought a new stake in WESCO International during the 4th quarter valued at $278,000. Institutional investors and hedge funds own 93.76% of the company’s stock.

WESCO International Price Performance

NYSE WCC opened at $182.91 on Friday. The stock has a market capitalization of $8.93 billion, a P/E ratio of 13.99, a P/E/G ratio of 1.45 and a beta of 2.01. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.27 and a current ratio of 2.20. The business’s fifty day moving average is $186.43 and its two-hundred day moving average is $181.04. WESCO International, Inc. has a 1 year low of $143.06 and a 1 year high of $216.17.

WESCO International (NYSE:WCC) last announced its earnings results on Tuesday, February 11th. The technology company reported $3.16 EPS for the quarter, missing the consensus estimate of $3.23 by ($0.07). WESCO International had a net margin of 3.29% and a return on equity of 13.63%. On average, research analysts forecast that WESCO International, Inc. will post 13.3 earnings per share for the current fiscal year.

WESCO International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a $0.4125 dividend. This represents a $1.65 annualized dividend and a dividend yield of 0.90%. The ex-dividend date was Friday, December 13th. WESCO International’s dividend payout ratio (DPR) is currently 12.62%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on WCC shares. Jefferies Financial Group increased their price target on WESCO International from $225.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. KeyCorp raised their target price on shares of WESCO International from $225.00 to $245.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Oppenheimer upped their price target on shares of WESCO International from $205.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Robert W. Baird raised their price objective on shares of WESCO International from $215.00 to $223.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, StockNews.com downgraded WESCO International from a “buy” rating to a “hold” rating in a research report on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $218.88.

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).