WESCO International, Inc. (NYSE:WCC) Shares Sold by AEGON ASSET MANAGEMENT UK Plc

AEGON ASSET MANAGEMENT UK Plc cut its holdings in shares of WESCO International, Inc. (NYSE:WCC) by 3.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 179,987 shares of the technology company’s stock after selling 6,094 shares during the period. AEGON ASSET MANAGEMENT UK Plc owned about 0.37% of WESCO International worth $32,612,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in WCC. Fifth Third Wealth Advisors LLC grew its stake in shares of WESCO International by 1.7% in the third quarter. Fifth Third Wealth Advisors LLC now owns 4,335 shares of the technology company’s stock worth $728,000 after acquiring an additional 71 shares in the last quarter. GAMMA Investing LLC grew its stake in WESCO International by 25.0% during the 4th quarter. GAMMA Investing LLC now owns 375 shares of the technology company’s stock worth $68,000 after purchasing an additional 75 shares in the last quarter. MetLife Investment Management LLC increased its holdings in WESCO International by 0.4% during the 3rd quarter. MetLife Investment Management LLC now owns 23,102 shares of the technology company’s stock worth $3,881,000 after purchasing an additional 85 shares during the period. UMB Bank n.a. raised its position in WESCO International by 18.3% in the 3rd quarter. UMB Bank n.a. now owns 633 shares of the technology company’s stock valued at $106,000 after purchasing an additional 98 shares in the last quarter. Finally, Greenleaf Trust boosted its stake in shares of WESCO International by 4.8% in the 3rd quarter. Greenleaf Trust now owns 2,401 shares of the technology company’s stock valued at $403,000 after buying an additional 111 shares during the period. Hedge funds and other institutional investors own 93.76% of the company’s stock.

WESCO International Stock Performance

Shares of WCC opened at $197.53 on Friday. The company’s 50 day simple moving average is $193.10 and its 200-day simple moving average is $178.09. The firm has a market cap of $9.68 billion, a PE ratio of 15.82, a price-to-earnings-growth ratio of 1.42 and a beta of 2.02. WESCO International, Inc. has a 12-month low of $132.37 and a 12-month high of $216.17. The company has a current ratio of 2.21, a quick ratio of 1.29 and a debt-to-equity ratio of 0.99.

WESCO International (NYSE:WCC) last issued its quarterly earnings data on Thursday, October 31st. The technology company reported $3.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.36. WESCO International had a net margin of 3.19% and a return on equity of 13.19%. The company had revenue of $5.49 billion for the quarter, compared to the consensus estimate of $5.46 billion. During the same period last year, the firm posted $4.49 EPS. WESCO International’s revenue for the quarter was down 2.7% on a year-over-year basis. As a group, equities analysts predict that WESCO International, Inc. will post 12.3 EPS for the current year.

WESCO International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a dividend of $0.4125 per share. This represents a $1.65 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend was Friday, December 13th. WESCO International’s dividend payout ratio is presently 13.21%.

Insiders Place Their Bets

In related news, CFO David S. Schulz sold 14,938 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $206.55, for a total transaction of $3,085,443.90. Following the completion of the sale, the chief financial officer now directly owns 104,471 shares of the company’s stock, valued at $21,578,485.05. This trade represents a 12.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP William Clayton Geary sold 2,829 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $205.73, for a total transaction of $582,010.17. Following the completion of the transaction, the executive vice president now directly owns 35,063 shares in the company, valued at $7,213,510.99. This represents a 7.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,767 shares of company stock valued at $5,567,454. 3.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on WCC. 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 report on Monday, December 9th. Royal Bank of Canada lifted their price target on WESCO International from $186.00 to $199.00 and gave the stock a “sector perform” rating in a report on Friday, November 1st. Loop Capital increased their price objective on WESCO International from $190.00 to $210.00 and gave the company a “buy” rating in a report on Friday, September 27th. Jefferies Financial Group boosted their target price on WESCO International from $225.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Finally, StockNews.com upgraded shares of WESCO International from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, WESCO International currently has a consensus rating of “Buy” and an average price target of $215.88.

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).