Fifth Third Wealth Advisors LLC Trims Position in WESCO International, Inc. (NYSE:WCC)

Fifth Third Wealth Advisors LLC decreased its holdings in WESCO International, Inc. (NYSE:WCC) by 51.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,115 shares of the technology company’s stock after selling 2,220 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in WESCO International were worth $383,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. grew its holdings in shares of WESCO International by 23,727.4% during the 2nd quarter. Pacer Advisors Inc. now owns 1,589,048 shares of the technology company’s stock worth $251,896,000 after acquiring an additional 1,582,379 shares during the period. Clearbridge Investments LLC bought a new stake in shares of WESCO International during the second quarter valued at approximately $52,782,000. Thompson Siegel & Walmsley LLC grew its stake in 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 purchasing an additional 199,975 shares during the period. Geode Capital Management LLC raised its holdings in WESCO International by 3.0% in the third 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 in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its position in WESCO International by 142.8% during the third 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 period. Institutional investors own 93.76% of the company’s stock.

WESCO International Stock Performance

Shares of WCC opened at $191.73 on Friday. The company has a market cap of $9.40 billion, a price-to-earnings ratio of 15.35, a P/E/G ratio of 1.27 and a beta of 2.02. The business’s fifty day simple moving average is $194.08 and its two-hundred day simple moving average is $176.72. WESCO International, Inc. has a 12 month low of $132.37 and a 12 month high of $216.17. 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 (NYSE:WCC) last posted its earnings results on Thursday, October 31st. The technology company reported $3.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.36. WESCO International had a net margin of 3.19% and a return on equity of 13.19%. The business had revenue of $5.49 billion for the quarter, compared to analysts’ expectations of $5.46 billion. During the same quarter in the prior year, the business earned $4.49 EPS. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. Research analysts anticipate that WESCO International, Inc. will post 12.3 earnings per share for the current fiscal year.

WESCO International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a $0.4125 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 0.86%. WESCO International’s dividend payout ratio (DPR) is currently 13.21%.

Insider Buying and Selling

In other WESCO International news, EVP William Clayton Geary sold 2,829 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $205.73, for a total transaction of $582,010.17. Following the completion of the sale, the executive vice president now directly owns 35,063 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Nelson John Squires III sold 10,000 shares of WESCO International stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $190.00, for a total transaction of $1,900,000.00. Following the transaction, the executive vice president now owns 54,621 shares in the company, valued at $10,377,990. This represents a 15.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,767 shares of company stock valued at $5,567,454 over the last 90 days. Company insiders own 3.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on WCC shares. Royal Bank of Canada upped their target price on shares of WESCO International from $186.00 to $199.00 and gave the stock a “sector perform” rating in a research report on Friday, November 1st. Robert W. Baird raised their target price on shares of WESCO International from $215.00 to $223.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. KeyCorp lifted their target price on shares of WESCO International from $225.00 to $245.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Loop Capital upped their price target on WESCO International from $190.00 to $210.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Finally, Jefferies Financial Group lifted their price objective on WESCO International from $225.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, December 6th. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, WESCO International presently has an average rating of “Buy” and an average price target 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).