WESCO International, Inc. (WCC) Stake Boosted by James Investment Research Inc.

James Investment Research Inc. increased its holdings in shares of WESCO International, Inc. (NYSE:WCC) by 868.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 38,350 shares of the technology company’s stock after purchasing an additional 34,390 shares during the period. James Investment Research Inc.’s holdings in WESCO International were worth $2,357,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in WCC. Investec Asset Management LTD lifted its holdings in shares of WESCO International by 6.6% during the 2nd quarter. Investec Asset Management LTD now owns 1,097,115 shares of the technology company’s stock valued at $62,645,000 after purchasing an additional 68,275 shares in the last quarter. Bowling Portfolio Management LLC acquired a new stake in WESCO International in the 2nd quarter valued at approximately $3,111,000. BNP Paribas Arbitrage SA raised its position in WESCO International by 2,973.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 45,646 shares of the technology company’s stock valued at $2,606,000 after buying an additional 44,161 shares during the last quarter. Investec Asset Management PTY Ltd acquired a new stake in WESCO International in the 2nd quarter valued at approximately $2,233,000. Finally, Canada Pension Plan Investment Board raised its position in WESCO International by 8.3% in the 2nd quarter. Canada Pension Plan Investment Board now owns 315,900 shares of the technology company’s stock valued at $18,038,000 after buying an additional 24,300 shares during the last quarter. Institutional investors and hedge funds own 98.47% of the company’s stock.

NYSE:WCC opened at $48.53 on Tuesday. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 12.50, a P/E/G ratio of 1.02 and a beta of 1.82. WESCO International, Inc. has a twelve month low of $47.44 and a twelve month high of $69.35. The company has a current ratio of 2.39, a quick ratio of 1.47 and a debt-to-equity ratio of 0.58.

WESCO International (NYSE:WCC) last posted its quarterly earnings results on Thursday, August 2nd. The technology company reported $1.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($0.01). The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.10 billion. WESCO International had a return on equity of 9.62% and a net margin of 2.21%. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period last year, the firm earned $1.02 EPS. Research analysts forecast that WESCO International, Inc. will post 4.77 EPS for the current fiscal year.

A number of brokerages recently issued reports on WCC. Royal Bank of Canada reissued a “hold” rating and issued a $66.00 target price on shares of WESCO International in a research report on Friday, August 3rd. ValuEngine raised WESCO International from a “sell” rating to a “hold” rating in a research report on Monday, July 30th. Standpoint Research raised WESCO International from a “hold” rating to a “buy” rating in a research report on Friday, October 12th. Finally, UBS Group lifted their target price on WESCO International from $68.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, August 30th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $67.50.

In other WESCO International news, SVP Christine Ann Wolf bought 1,690 shares of the firm’s stock in a transaction that occurred on Tuesday, August 14th. The shares were acquired at an average cost of $59.20 per share, with a total value of $100,048.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.40% of the stock is currently owned by insiders.

WESCO International Company Profile

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

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