Blue Edge Capital LLC Has $824,000 Position in WESCO International, Inc. (NYSE:WCC)

Blue Edge Capital LLC lowered its stake in WESCO International, Inc. (NYSE:WCC) by 30.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,556 shares of the technology company’s stock after selling 1,971 shares during the period. Blue Edge Capital LLC’s holdings in WESCO International were worth $824,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of WCC. Handelsbanken Fonder AB increased its holdings in shares of WESCO International by 167.3% in the fourth quarter. Handelsbanken Fonder AB now owns 192,182 shares of the technology company’s stock valued at $34,777,000 after purchasing an additional 120,289 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in WESCO International by 62.9% during the 4th quarter. Russell Investments Group Ltd. now owns 215,002 shares of the technology company’s stock worth $38,906,000 after acquiring an additional 83,031 shares during the period. Geode Capital Management LLC grew its holdings 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 acquiring an additional 22,080 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings in WESCO International by 12,056.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 11,670 shares of the technology company’s stock worth $2,112,000 after acquiring an additional 11,574 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new stake in WESCO International during the 4th quarter worth $2,060,000. Institutional investors and hedge funds own 93.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on WCC. KeyCorp lowered their target price on shares of WESCO International from $245.00 to $205.00 and set an “overweight” rating for the company in a report on Monday, March 17th. Royal Bank of Canada lifted their price target on shares of WESCO International from $212.00 to $213.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 12th. Stephens lifted their price target on shares of WESCO International from $205.00 to $215.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Finally, StockNews.com cut shares of WESCO International from a “buy” rating to a “hold” rating in a research report on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $219.43.

WESCO International Stock Up 16.2 %

Shares of WCC stock opened at $154.34 on Thursday. The company has a current ratio of 2.20, a quick ratio of 1.27 and a debt-to-equity ratio of 1.02. WESCO International, Inc. has a 1 year low of $125.21 and a 1 year high of $216.17. The firm’s fifty day moving average price is $169.71 and its two-hundred day moving average price is $181.44. The firm has a market capitalization of $7.53 billion, a P/E ratio of 11.81, a PEG ratio of 1.45 and a beta of 1.83.

WESCO International (NYSE:WCC) last issued its quarterly earnings results on Tuesday, February 11th. The technology company reported $3.16 earnings per share (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, equities analysts predict that WESCO International, Inc. will post 13.3 EPS for the current fiscal year.

WESCO International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a $0.4538 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.82 dividend on an annualized basis and a yield of 1.18%. This is an increase from WESCO International’s previous quarterly dividend of $0.41. WESCO International’s payout ratio is currently 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).