Xact Kapitalforvaltning AB raised its holdings in WESCO International, Inc. (NYSE:WCC) by 72.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,623 shares of the technology company’s stock after buying an additional 5,300 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in WESCO International were worth $606,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in WCC. Bowling Portfolio Management LLC raised its holdings in shares of WESCO International by 784.3% during the fourth quarter. Bowling Portfolio Management LLC now owns 58,830 shares of the technology company’s stock worth $2,824,000 after acquiring an additional 52,177 shares during the period. Meeder Asset Management Inc. grew its position in shares of WESCO International by 42.0% in the 4th quarter. Meeder Asset Management Inc. now owns 2,385 shares of the technology company’s stock valued at $114,000 after acquiring an additional 706 shares during the period. Polaris Capital Management LLC lifted its stake in shares of WESCO International by 9.6% during the 3rd quarter. Polaris Capital Management LLC now owns 745,058 shares of the technology company’s stock worth $45,784,000 after buying an additional 65,047 shares during the last quarter. TIAA CREF Investment Management LLC lifted its stake in shares of WESCO International by 0.5% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 696,223 shares of the technology company’s stock worth $42,783,000 after buying an additional 3,449 shares during the last quarter. Finally, Glenmede Trust Co. NA lifted its stake in shares of WESCO International by 93.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 18,820 shares of the technology company’s stock worth $1,156,000 after buying an additional 9,100 shares during the last quarter. Institutional investors own 96.50% of the company’s stock.
Several equities analysts have recently commented on WCC shares. ValuEngine upgraded shares of WESCO International from a “strong sell” rating to a “sell” rating in a research report on Monday, February 4th. Robert W. Baird reduced their target price on shares of WESCO International from $68.00 to $66.00 and set a “neutral” rating on the stock in a report on Friday, November 2nd. Royal Bank of Canada reissued a “hold” rating and set a $61.00 target price on shares of WESCO International in a report on Friday, November 2nd. Zacks Investment Research raised shares of WESCO International from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a research note on Friday, November 30th. Finally, Stephens set a $65.00 price objective on shares of WESCO International and gave the company a “buy” rating in a research note on Friday, February 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. WESCO International presently has an average rating of “Hold” and an average target price of $62.29.
WESCO International (NYSE:WCC) last posted its quarterly earnings results on Thursday, January 31st. The technology company reported $1.26 EPS for the quarter, hitting the consensus estimate of $1.26. WESCO International had a net margin of 2.78% and a return on equity of 10.45%. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same period last year, the firm posted $1.03 earnings per share. On average, equities analysts anticipate that WESCO International, Inc. will post 5.39 earnings per share for the current year.
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About WESCO International
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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