Thompson Siegel & Walmsley LLC Decreases Holdings in WESCO International, Inc. (NYSE:WCC)

Thompson Siegel & Walmsley LLC decreased its stake in shares of WESCO International, Inc. (NYSE:WCC) by 10.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 232,238 shares of the technology company’s stock after selling 26,248 shares during the quarter. Thompson Siegel & Walmsley LLC owned about 0.47% of WESCO International worth $42,026,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of WCC. V Square Quantitative Management LLC grew its position 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 valued at $43,000 after buying an additional 67 shares during the period. 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 valued at $68,000 after acquiring an additional 75 shares during the last quarter. Dorsey & Whitney Trust CO LLC acquired a new position in shares of WESCO International in the fourth quarter valued at approximately $204,000. Integrated Investment Consultants LLC acquired a new position in shares of WESCO International in the fourth quarter valued at approximately $278,000. Finally, Burns Matteson Capital Management LLC purchased a new position in WESCO International in the fourth quarter worth approximately $390,000. Institutional investors and hedge funds own 93.76% of the company’s stock.

WESCO International Stock Up 3.4 %

Shares of NYSE:WCC opened at $163.51 on Thursday. The company has a quick ratio of 1.27, a current ratio of 2.20 and a debt-to-equity ratio of 1.02. WESCO International, Inc. has a 52-week low of $143.06 and a 52-week high of $216.17. The company has a 50 day moving average of $183.77 and a two-hundred day moving average of $182.38. The company has a market capitalization of $7.98 billion, a price-to-earnings ratio of 12.51, a price-to-earnings-growth ratio of 1.45 and a beta of 2.00.

WESCO International (NYSE:WCC) last issued its quarterly earnings data 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%. As a group, analysts forecast that WESCO International, Inc. will post 13.3 earnings per share for the current fiscal year.

WESCO International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders 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 yield of 1.11%. This is a boost from WESCO International’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Friday, March 14th. WESCO International’s dividend payout ratio (DPR) is presently 13.85%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Royal Bank of Canada upped their price target on shares of WESCO International from $212.00 to $213.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 12th. KeyCorp upped their target price on shares of WESCO International from $225.00 to $245.00 and gave the company an “overweight” rating in a report on Monday, December 9th. StockNews.com lowered shares of WESCO International from a “buy” rating to a “hold” rating in a report on Wednesday, February 12th. Stephens upped their target price on shares of WESCO International from $205.00 to $215.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Finally, Jefferies Financial Group upped their target price on shares of WESCO International from $225.00 to $245.00 and gave the company a “buy” rating in a report on Friday, December 6th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target 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).