2,154 Shares in WESCO International, Inc. (NYSE:WCC) Purchased by Burns Matteson Capital Management LLC

Burns Matteson Capital Management LLC purchased a new position in WESCO International, Inc. (NYSE:WCC) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,154 shares of the technology company’s stock, valued at approximately $390,000.

A number of other institutional investors also recently bought and sold shares of the business. Thompson Siegel & Walmsley LLC increased 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 worth $43,420,000 after acquiring an additional 199,975 shares during the period. Geode Capital Management LLC grew its position in WESCO International by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 762,653 shares of the technology company’s stock worth $128,143,000 after purchasing an additional 22,080 shares during the period. Harbor Capital Advisors Inc. raised its stake in shares of WESCO International by 142.8% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 30,063 shares of the technology company’s stock valued at $5,050,000 after buying an additional 17,682 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of WESCO International by 128.3% in the third quarter. Van ECK Associates Corp now owns 29,666 shares of the technology company’s stock worth $5,182,000 after buying an additional 16,673 shares during the last quarter. Finally, EMC Capital Management grew its holdings in WESCO International by 580.8% during the third quarter. EMC Capital Management now owns 16,094 shares of the technology company’s stock worth $2,703,000 after acquiring an additional 13,730 shares during the period. 93.76% of the stock is owned by hedge funds and other institutional investors.

WESCO International Stock Performance

WCC opened at $185.60 on Monday. The firm has a market capitalization of $9.09 billion, a PE ratio of 14.86, a PEG ratio of 1.34 and a beta of 2.01. 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, Inc. has a twelve month low of $132.37 and a twelve month high of $216.17. The firm’s 50-day moving average price is $188.49 and its 200 day moving average price is $179.31.

WESCO International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a $0.4125 dividend. This represents a $1.65 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend was Friday, December 13th. WESCO International’s payout ratio is currently 13.21%.

Insiders Place Their Bets

In related news, EVP William Clayton Geary sold 2,829 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $205.73, for a total value 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 approximately $7,213,510.99. This represents a 7.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO David S. Schulz sold 14,938 shares of WESCO International stock in a transaction on Tuesday, November 12th. The shares were 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 in the company, valued at $21,578,485.05. This represents a 12.51 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on WCC shares. Royal Bank of Canada increased their price target on shares of WESCO International from $186.00 to $199.00 and gave the stock a “sector perform” rating in a report on Friday, November 1st. Oppenheimer increased their price target on WESCO International from $205.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Stephens boosted their price objective on WESCO International from $190.00 to $205.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Baird R W upgraded shares of WESCO International from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. Finally, KeyCorp raised their price target on shares of WESCO International from $225.00 to $245.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, WESCO International has a consensus rating of “Buy” and an average target price of $215.88.

WESCO International Company 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).