Greenleaf Trust Has $372,000 Holdings in WESCO International, Inc. (NYSE:WCC)

Greenleaf Trust reduced its holdings in WESCO International, Inc. (NYSE:WCC) by 38.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,137 shares of the technology company’s stock after selling 1,308 shares during the quarter. Greenleaf Trust’s holdings in WESCO International were worth $372,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. KB Financial Partners LLC boosted its holdings in shares of WESCO International by 76.8% in the 3rd quarter. KB Financial Partners LLC now owns 198 shares of the technology company’s stock worth $28,000 after acquiring an additional 86 shares in the last quarter. Anchor Investment Management LLC bought a new position in WESCO International in the 4th quarter worth approximately $48,000. Park Place Capital Corp raised its position in WESCO International by 41.3% in the 3rd quarter. Park Place Capital Corp now owns 294 shares of the technology company’s stock worth $42,000 after purchasing an additional 86 shares during the last quarter. Richelieu Gestion SA bought a new position in WESCO International in the 4th quarter worth approximately $122,000. Finally, iA Global Asset Management Inc. bought a new position in WESCO International in the 3rd quarter worth approximately $164,000. 93.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on WCC shares. Oppenheimer boosted their price objective on shares of WESCO International from $175.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. Royal Bank of Canada cut shares of WESCO International from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $202.00 to $173.00 in a research report on Tuesday, February 13th. KeyCorp boosted their price objective on shares of WESCO International from $165.00 to $190.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Robert W. Baird dropped their price objective on shares of WESCO International from $203.00 to $170.00 and set an “outperform” rating for the company in a research report on Wednesday, February 14th. Finally, StockNews.com cut shares of WESCO International from a “buy” rating to a “hold” rating in a research report on Wednesday, February 14th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, WESCO International presently has an average rating of “Moderate Buy” and an average target price of $184.67.

WESCO International Stock Performance

Shares of WESCO International stock opened at $159.13 on Wednesday. The firm has a fifty day moving average of $159.04 and a two-hundred day moving average of $159.12. The stock has a market capitalization of $8.11 billion, a price-to-earnings ratio of 11.75, a PEG ratio of 1.10 and a beta of 2.06. WESCO International, Inc. has a 52 week low of $121.90 and a 52 week high of $195.43. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.42 and a current ratio of 2.48.

WESCO International (NYSE:WCC) last issued its earnings results on Tuesday, February 13th. The technology company reported $2.65 EPS for the quarter, missing the consensus estimate of $3.86 by ($1.21). WESCO International had a net margin of 3.42% and a return on equity of 17.01%. The business had revenue of $5.50 billion for the quarter, compared to the consensus estimate of $5.59 billion. During the same quarter in the previous year, the firm posted $4.13 EPS. The business’s revenue was down 1.8% on a year-over-year basis. As a group, equities research analysts predict that WESCO International, Inc. will post 14.19 EPS for the current year.

WESCO International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a $0.4125 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 1.04%. This is a boost from WESCO International’s previous quarterly dividend of $0.38. WESCO International’s dividend payout ratio is currently 12.19%.

Insider Activity at WESCO International

In related news, EVP James Cameron sold 5,352 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $156.39, for a total value of $836,999.28. Following the completion of the sale, the executive vice president now owns 33,595 shares in the company, valued at approximately $5,253,922.05. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, EVP James Cameron sold 5,352 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $156.39, for a total value of $836,999.28. Following the completion of the sale, the executive vice president now owns 33,595 shares in the company, valued at approximately $5,253,922.05. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Nelson John Squires III sold 3,490 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $190.00, for a total transaction of $663,100.00. Following the completion of the transaction, the executive vice president now directly owns 54,385 shares of the company’s stock, valued at $10,333,150. The disclosure for this sale can be found here. 3.10% of the stock is owned by corporate insiders.

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).