Geode Capital Management LLC boosted its stake in WESCO International, Inc. (NYSE:WCC) by 15.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 347,305 shares of the technology company’s stock after buying an additional 45,629 shares during the period. Geode Capital Management LLC owned approximately 0.71% of WESCO International worth $24,155,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in WCC. Meadow Creek Investment Management LLC raised its position in WESCO International by 173.8% in the first quarter. Meadow Creek Investment Management LLC now owns 15,484 shares of the technology company’s stock valued at $1,077,000 after buying an additional 9,828 shares in the last quarter. UBS Asset Management Americas Inc. raised its position in WESCO International by 10.0% in the first quarter. UBS Asset Management Americas Inc. now owns 41,414 shares of the technology company’s stock valued at $2,880,000 after buying an additional 3,782 shares in the last quarter. Bank of New York Mellon Corp raised its position in WESCO International by 62.8% in the first quarter. Bank of New York Mellon Corp now owns 414,981 shares of the technology company’s stock valued at $28,862,000 after buying an additional 160,123 shares in the last quarter. Elkfork Partners LLC raised its position in WESCO International by 173.8% in the first quarter. Elkfork Partners LLC now owns 12,166 shares of the technology company’s stock valued at $846,000 after buying an additional 7,722 shares in the last quarter. Finally, Tyers Asset Management LLC raised its position in WESCO International by 173.8% in the first quarter. Tyers Asset Management LLC now owns 8,848 shares of the technology company’s stock valued at $615,000 after buying an additional 5,616 shares in the last quarter. Institutional investors and hedge funds own 95.88% of the company’s stock.

WESCO International, Inc. (WCC) traded up 2.25% during mid-day trading on Friday, reaching $52.15. 278,500 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $56.30 and a 200-day moving average price of $64.37. WESCO International, Inc. has a 52 week low of $49.05 and a 52 week high of $76.15. The stock has a market cap of $2.54 billion, a P/E ratio of 24.72 and a beta of 1.77.

WESCO International (NYSE:WCC) last posted its earnings results on Thursday, July 27th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.04. The company had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.91 billion. WESCO International had a return on equity of 9.19% and a net margin of 1.41%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.02 EPS. On average, analysts forecast that WESCO International, Inc. will post $3.75 earnings per share for the current year.

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A number of equities analysts recently issued reports on WCC shares. Zacks Investment Research upgraded shares of WESCO International from a “sell” rating to a “buy” rating and set a $64.00 target price for the company in a research report on Tuesday, July 4th. UBS AG reiterated a “neutral” rating and issued a $55.00 target price (down previously from $67.00) on shares of WESCO International in a research report on Monday. Royal Bank Of Canada reiterated a “hold” rating and issued a $72.00 target price on shares of WESCO International in a research report on Friday, April 28th. TheStreet lowered shares of WESCO International from a “b-” rating to a “c” rating in a research report on Wednesday, June 14th. Finally, Credit Suisse Group increased their target price on shares of WESCO International from $70.00 to $76.00 and gave the company an “outperform” rating in a research report on Monday, June 12th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the stock. WESCO International has a consensus rating of “Buy” and an average target price of $68.19.

About WESCO International

WESCO International, Inc is a distributor of products and provider of supply chain management and logistics services used in industrial, construction, utility and commercial, institutional and government (CIG) markets. The Company is a provider of electrical, industrial and communications maintenance, repair and operating (MRO) and original equipment manufacturers (OEM) products, construction materials, and supply chain management and logistics services.

Institutional Ownership by Quarter for WESCO International (NYSE:WCC)

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