WESCO International, Inc. $WCC Stock Position Increased by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. grew its holdings in WESCO International, Inc. (NYSE:WCC) by 7.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 80,501 shares of the technology company’s stock after acquiring an additional 5,885 shares during the period. Mawer Investment Management Ltd. owned about 0.17% of WESCO International worth $28,947,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in WCC. Diversify Advisory Services LLC raised its position in WESCO International by 5.0% during the third quarter. Diversify Advisory Services LLC now owns 672 shares of the technology company’s stock valued at $233,000 after acquiring an additional 32 shares in the last quarter. Trust Point Inc. boosted its holdings in WESCO International by 4.5% during the second quarter. Trust Point Inc. now owns 771 shares of the technology company’s stock worth $266,000 after buying an additional 33 shares in the last quarter. Sheets Smith Wealth Management grew its position in WESCO International by 2.2% during the second quarter. Sheets Smith Wealth Management now owns 1,565 shares of the technology company’s stock valued at $541,000 after buying an additional 34 shares during the period. Oregon Public Employees Retirement Fund grew its position in WESCO International by 0.4% during the third quarter. Oregon Public Employees Retirement Fund now owns 10,095 shares of the technology company’s stock valued at $3,630,000 after buying an additional 37 shares during the period. Finally, North Dakota State Investment Board increased its holdings in WESCO International by 2.8% in the third quarter. North Dakota State Investment Board now owns 1,465 shares of the technology company’s stock valued at $527,000 after buying an additional 40 shares in the last quarter. Institutional investors and hedge funds own 93.75% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Anthony S. Marino purchased 341 shares of the company’s stock in a transaction dated Friday, November 6th. The stock was acquired at an average cost of $292.97 per share, for a total transaction of $99,902.77. Following the completion of the transaction, the executive vice president directly owned 1,363 shares of the company’s stock, valued at approximately $399,318.11. This trade represents a 33.37% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Indraneel Dev purchased 1,725 shares of the business’s stock in a transaction that occurred on Thursday, November 5th. The stock was bought at an average cost of $291.90 per share, with a total value of $503,527.50. Following the acquisition, the chief financial officer owned 18,621 shares of the company’s stock, valued at approximately $5,435,469.90. The trade was a 10.21% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 2.60% of the company’s stock.

WESCO International Price Performance

WCC traded down $5.81 on Friday, hitting $321.41. 441,888 shares of the company’s stock were exchanged, compared to its average volume of 761,700. WESCO International, Inc. has a fifty-two week low of $240.55 and a fifty-two week high of $388.64. The company has a current ratio of 2.01, a quick ratio of 1.19 and a debt-to-equity ratio of 1.10. The firm has a 50-day moving average price of $346.41 and a 200-day moving average price of $328.82. The stock has a market cap of $15.64 billion, a price-to-earnings ratio of 19.95, a P/E/G ratio of 1.78 and a beta of 1.55.

WESCO International (NYSE:WCC) last issued its earnings results on Thursday, October 29th. The technology company reported $5.77 EPS for the quarter, beating analysts’ consensus estimates of $4.69 by $1.08. The business had revenue of $7.23 billion during the quarter, compared to analysts’ expectations of $6.87 billion. WESCO International had a net margin of 3.04% and a return on equity of 16.27%. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the business earned $3.92 earnings per share. As a group, equities analysts anticipate that WESCO International, Inc. will post 18.40 earnings per share for the current year.

WESCO International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Friday, September 11th. WESCO International’s dividend payout ratio (DPR) is 12.41%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on WCC. Wall Street Zen upgraded WESCO International from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Zacks Research cut WESCO International from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 19th. Royal Bank Of Canada increased their target price on WESCO International from $435.00 to $450.00 and gave the company an “outperform” rating in a research report on Friday, October 30th. Barclays lifted their price target on shares of WESCO International from $437.00 to $450.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Weiss Ratings lowered shares of WESCO International from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, October 23rd. Eight analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $405.71.

About WESCO International

WESCO International is a business-to-business distributor of electrical, communications, utility and industrial products. Its offerings include wire and cable, lighting, electrical equipment, networking and security systems, and supplies used in maintenance, repair and operations. The company also provides services such as procurement, inventory management, logistics, project support and supply-chain consulting. Its customers include contractors, manufacturers, utilities, communications providers, government organizations and commercial businesses.