Burns Matteson Capital Management LLC Makes New $390,000 Investment in WESCO International, Inc. (NYSE:WCC)

Burns Matteson Capital Management LLC bought a new stake in WESCO International, Inc. (NYSE:WCC) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,154 shares of the technology company’s stock, valued at approximately $390,000.

A number of other institutional investors and hedge funds have also made changes to their positions in WCC. Geode Capital Management LLC lifted its position in WESCO International by 3.0% in the third quarter. Geode Capital Management LLC now owns 762,653 shares of the technology company’s stock valued at $128,143,000 after purchasing an additional 22,080 shares during the period. Thompson Siegel & Walmsley LLC boosted its stake in shares of WESCO International by 341.8% in the third quarter. Thompson Siegel & Walmsley LLC now owns 258,486 shares of the technology company’s stock valued at $43,420,000 after buying an additional 199,975 shares in the last quarter. Farmers & Merchants Investments Inc. grew its holdings in WESCO International by 0.4% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 195,731 shares of the technology company’s stock worth $35,419,000 after acquiring an additional 752 shares during the period. AEGON ASSET MANAGEMENT UK Plc raised its position in WESCO International by 0.5% in the third quarter. AEGON ASSET MANAGEMENT UK Plc now owns 186,081 shares of the technology company’s stock worth $31,258,000 after acquiring an additional 983 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its holdings in WESCO International by 142.8% in the third quarter. Harbor Capital Advisors Inc. now owns 30,063 shares of the technology company’s stock valued at $5,050,000 after acquiring an additional 17,682 shares during the period. 93.76% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO David S. Schulz sold 14,938 shares of WESCO International stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $206.55, for a total value of $3,085,443.90. Following the completion of the sale, the chief financial officer now owns 104,471 shares of the company’s stock, valued at $21,578,485.05. The trade was 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 at the SEC website. Also, EVP William Clayton Geary sold 2,829 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $205.73, for a total value of $582,010.17. Following the transaction, the executive vice president now owns 35,063 shares in the company, valued at $7,213,510.99. This trade represents a 7.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. 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. StockNews.com raised shares of WESCO International from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Robert W. Baird boosted their price target on WESCO International from $215.00 to $223.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Royal Bank of Canada raised their price objective on WESCO International from $186.00 to $199.00 and gave the company a “sector perform” rating in a research note on Friday, November 1st. Finally, Baird R W upgraded WESCO International from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $215.88.

WESCO International Price Performance

NYSE:WCC opened at $185.60 on Monday. WESCO International, Inc. has a 12-month low of $132.37 and a 12-month high of $216.17. The firm has a market cap of $9.09 billion, a price-to-earnings ratio of 14.86, a price-to-earnings-growth ratio of 1.34 and a beta of 2.01. The company’s 50-day moving average is $188.49 and its two-hundred day moving average is $179.31. 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.4125 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.65 dividend on an annualized basis and a yield of 0.89%. WESCO International’s dividend payout ratio (DPR) is currently 13.21%.

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).