Thompson Siegel & Walmsley LLC Has $43.42 Million Stock Holdings in WESCO International, Inc. (NYSE:WCC)

Thompson Siegel & Walmsley LLC lifted its stake in shares of WESCO International, Inc. (NYSE:WCC) by 341.8% during the third quarter, HoldingsChannel reports. The firm owned 258,486 shares of the technology company’s stock after acquiring an additional 199,975 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in WESCO International were worth $43,420,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. grew its position in shares of WESCO International by 71.1% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 166 shares of the technology company’s stock valued at $26,000 after acquiring an additional 69 shares during the period. Fifth Third Wealth Advisors LLC grew its holdings in WESCO International by 1.7% during the third quarter. Fifth Third Wealth Advisors LLC now owns 4,335 shares of the technology company’s stock worth $728,000 after purchasing an additional 71 shares during the period. UMB Bank n.a. raised its stake in WESCO International by 18.3% in the third quarter. UMB Bank n.a. now owns 633 shares of the technology company’s stock valued at $106,000 after buying an additional 98 shares during the period. GAMMA Investing LLC lifted its position in shares of WESCO International by 65.4% in the second quarter. GAMMA Investing LLC now owns 253 shares of the technology company’s stock valued at $40,000 after buying an additional 100 shares during the last quarter. Finally, Greenleaf Trust boosted its stake in shares of WESCO International by 4.8% during the 3rd quarter. Greenleaf Trust now owns 2,401 shares of the technology company’s stock worth $403,000 after acquiring an additional 111 shares during the period. 93.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on WCC. Stephens raised their price target on WESCO International from $190.00 to $205.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Robert W. Baird raised their target price on shares of WESCO International from $215.00 to $223.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Oppenheimer upped their price target on shares of WESCO International from $205.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Loop Capital raised their price objective on shares of WESCO International from $190.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Finally, KeyCorp boosted their price objective on WESCO International from $195.00 to $225.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, WESCO International presently has an average rating of “Buy” and an average price target of $208.86.

Insider Buying and Selling

In other news, EVP William Clayton Geary sold 2,829 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $205.73, for a total transaction 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 $7,213,510.99. This trade represents a 7.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Nelson John Squires III sold 10,000 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $190.00, for a total transaction of $1,900,000.00. Following the completion of the transaction, the executive vice president now owns 54,621 shares in the company, valued at approximately $10,377,990. The trade was a 15.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,586 shares of company stock worth $6,565,762 in the last 90 days. Insiders own 3.10% of the company’s stock.

WESCO International Trading Down 1.3 %

Shares of NYSE:WCC opened at $201.84 on Thursday. The company has a market capitalization of $9.89 billion, a P/E ratio of 16.16, a P/E/G ratio of 1.67 and a beta of 2.01. WESCO International, Inc. has a 1 year low of $132.37 and a 1 year high of $213.75. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.21 and a quick ratio of 1.29. The business’s 50 day simple moving average is $179.82 and its 200 day simple moving average is $171.72.

WESCO International (NYSE:WCC) last announced its quarterly earnings data on Thursday, October 31st. The technology company reported $3.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $0.36. The business had revenue of $5.49 billion for the quarter, compared to analysts’ expectations of $5.46 billion. WESCO International had a net margin of 3.19% and a return on equity of 13.19%. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period last year, the firm posted $4.49 earnings per share. On average, research analysts anticipate that WESCO International, Inc. will post 12.22 EPS for the current fiscal year.

WESCO International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a $0.4125 dividend. This represents a $1.65 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date was Friday, September 13th. 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).