Sei Investments Co. raised its position in WESCO International, Inc. (NYSE:WCC) by 184.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,140 shares of the technology company’s stock after acquiring an additional 24,092 shares during the period. Sei Investments Co. owned approximately 0.08% of WESCO International worth $2,304,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Prudential Financial Inc. lifted its stake in shares of WESCO International by 102.1% during the first quarter. Prudential Financial Inc. now owns 672,557 shares of the technology company’s stock worth $41,732,000 after buying an additional 339,778 shares during the period. Polaris Capital Management LLC lifted its stake in shares of WESCO International by 42.8% during the first quarter. Polaris Capital Management LLC now owns 995,311 shares of the technology company’s stock worth $61,759,000 after buying an additional 298,300 shares during the period. TIAA CREF Investment Management LLC lifted its stake in shares of WESCO International by 134.5% during the fourth quarter. TIAA CREF Investment Management LLC now owns 505,648 shares of the technology company’s stock worth $34,460,000 after buying an additional 290,016 shares during the period. Intrinsic Edge Capital Management LLC acquired a new stake in shares of WESCO International during the first quarter worth $14,103,000. Finally, Tocqueville Asset Management L.P. raised its holdings in shares of WESCO International by 47.3% during the fourth quarter. Tocqueville Asset Management L.P. now owns 460,615 shares of the technology company’s stock worth $31,391,000 after purchasing an additional 147,900 shares during the last quarter. Institutional investors own 98.27% of the company’s stock.
In other WESCO International news, Director Lynn M. Utter sold 652 shares of WESCO International stock in a transaction on Thursday, May 17th. The shares were sold at an average price of $59.55, for a total value of $38,826.60. Following the completion of the transaction, the director now owns 11,116 shares of the company’s stock, valued at $661,957.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lynn M. Utter sold 1,327 shares of WESCO International stock in a transaction on Wednesday, June 13th. The shares were sold at an average price of $61.71, for a total transaction of $81,889.17. The disclosure for this sale can be found here. Insiders sold 2,650 shares of company stock valued at $161,070 in the last ninety days. 1.90% of the stock is owned by corporate insiders.
WESCO International opened at $59.95 on Friday, according to Marketbeat.com. WESCO International, Inc. has a fifty-two week low of $48.95 and a fifty-two week high of $69.35. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.37 and a quick ratio of 1.44. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of 15.25, a PEG ratio of 1.23 and a beta of 1.84.
WESCO International (NYSE:WCC) last released its quarterly earnings data on Thursday, April 26th. The technology company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.05. WESCO International had a net margin of 2.15% and a return on equity of 9.30%. The company had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.92 billion. During the same quarter in the previous year, the company earned $0.76 earnings per share. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. equities analysts anticipate that WESCO International, Inc. will post 4.78 EPS for the current year.
WCC has been the subject of several recent research reports. ValuEngine raised shares of WESCO International from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Zacks Investment Research cut shares of WESCO International from a “buy” rating to a “hold” rating in a report on Friday, April 20th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. WESCO International has a consensus rating of “Hold” and an average price target of $68.60.
WESCO International Company Profile
WESCO International, Inc distributes electrical, industrial, and communications maintenance, repair and operating (MRO) and original equipment manufacturers products and construction materials in North America and internationally. The company sells general supplies, such as wiring devices, fuses, terminals, connectors, boxes, enclosures, fittings, lugs, terminations, wraps, splicing and marking equipment, tools and testers, safety, personal protection, sealants, cutting tools, adhesives, consumables, fasteners, janitorial, and other MRO supplies.
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