Frontier Capital Management Co. LLC raised its holdings in WESCO International, Inc. (NYSE:WCC) by 37.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 545,655 shares of the technology company’s stock after purchasing an additional 149,896 shares during the quarter. Frontier Capital Management Co. LLC’s holdings in WESCO International were worth $33,531,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the business. Aperio Group LLC raised its position in WESCO International by 2.6% in the third quarter. Aperio Group LLC now owns 40,612 shares of the technology company’s stock valued at $2,496,000 after purchasing an additional 1,021 shares during the period. SG Americas Securities LLC raised its position in WESCO International by 66.4% in the second quarter. SG Americas Securities LLC now owns 4,398 shares of the technology company’s stock valued at $251,000 after purchasing an additional 1,755 shares during the period. Wedge Capital Management L L P NC raised its position in WESCO International by 12.8% in the second quarter. Wedge Capital Management L L P NC now owns 15,966 shares of the technology company’s stock valued at $912,000 after purchasing an additional 1,815 shares during the period. Guggenheim Capital LLC raised its position in WESCO International by 45.3% in the first quarter. Guggenheim Capital LLC now owns 9,793 shares of the technology company’s stock valued at $607,000 after purchasing an additional 3,055 shares during the period. Finally, Xact Kapitalforvaltning AB raised its position in WESCO International by 73.4% in the first quarter. Xact Kapitalforvaltning AB now owns 7,323 shares of the technology company’s stock valued at $454,000 after purchasing an additional 3,100 shares during the period. Institutional investors own 98.47% of the company’s stock.
WCC stock opened at $53.36 on Friday. The company has a current ratio of 2.39, a quick ratio of 1.47 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $2.33 billion, a P/E ratio of 13.58, a PEG ratio of 1.04 and a beta of 1.82. WESCO International, Inc. has a 12-month low of $47.44 and a 12-month high of $69.35.
WESCO International (NYSE:WCC) last posted its quarterly earnings data on Thursday, November 1st. The technology company reported $1.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.36 by $0.05. The firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.11 billion. WESCO International had a return on equity of 9.62% and a net margin of 2.21%. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.12 EPS. On average, research analysts expect that WESCO International, Inc. will post 4.77 EPS for the current year.
A number of research firms have commented on WCC. UBS Group lifted their target price on WESCO International from $68.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, August 30th. Standpoint Research upgraded WESCO International from a “hold” rating to a “buy” rating in a research report on Friday, October 12th. ValuEngine downgraded WESCO International from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 24th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $66.00 target price on shares of WESCO International in a research report on Friday, August 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. WESCO International presently has a consensus rating of “Hold” and a consensus target price of $66.67.
In other news, SVP Christine Ann Wolf acquired 1,690 shares of the business’s stock in a transaction that occurred on Tuesday, August 14th. The shares were purchased at an average price of $59.20 per share, for a total transaction of $100,048.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.90% of the stock is currently owned by insiders.
WESCO International 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.
Further Reading: Institutional Investors
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