WESCO International, Inc. (NYSE:WCC) Shares Sold by Entropy Technologies LP

Entropy Technologies LP decreased its position in WESCO International, Inc. (NYSE:WCC) by 43.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,030 shares of the technology company’s stock after selling 2,357 shares during the quarter. Entropy Technologies LP’s holdings in WESCO International were worth $548,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new position in shares of WESCO International during the 3rd quarter valued at approximately $28,000. GAMMA Investing LLC boosted its stake in shares of WESCO International by 25.0% during the 4th quarter. GAMMA Investing LLC now owns 375 shares of the technology company’s stock valued at $68,000 after buying an additional 75 shares during the last quarter. Highland Capital Management LLC purchased a new position in shares of WESCO International during the 3rd quarter valued at approximately $221,000. Integrated Investment Consultants LLC purchased a new position in shares of WESCO International during the 4th quarter valued at approximately $278,000. Finally, Innealta Capital LLC boosted its stake in shares of WESCO International by 68.0% during the 3rd quarter. Innealta Capital LLC now owns 1,606 shares of the technology company’s stock valued at $270,000 after buying an additional 650 shares during the last quarter. Institutional investors and hedge funds own 93.76% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. StockNews.com cut WESCO International from a “buy” rating to a “hold” rating in a research note on Wednesday. Robert W. Baird raised their price objective on WESCO International from $215.00 to $223.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Oppenheimer raised their price objective on WESCO International from $205.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Stephens increased their target price on WESCO International from $190.00 to $205.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Finally, KeyCorp raised their price target on WESCO International from $225.00 to $245.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $217.63.

WESCO International Trading Up 2.5 %

NYSE:WCC opened at $193.22 on Thursday. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.21 and a quick ratio of 1.29. WESCO International, Inc. has a fifty-two week low of $132.37 and a fifty-two week high of $216.17. The stock’s 50-day moving average is $187.14 and its two-hundred day moving average is $179.65. The stock has a market cap of $9.47 billion, a PE ratio of 15.47, a price-to-earnings-growth ratio of 1.34 and a beta of 2.01.

WESCO International (NYSE:WCC) last announced its quarterly earnings results on Tuesday, February 11th. The technology company reported $3.16 EPS for the quarter, missing the consensus estimate of $3.23 by ($0.07). WESCO International had a net margin of 3.19% and a return on equity of 13.19%. As a group, equities research analysts forecast that WESCO International, Inc. will post 12.3 earnings per share for the current fiscal year.

WESCO International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a $0.4125 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.65 annualized dividend and a dividend yield of 0.85%. WESCO International’s payout ratio is 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).