Piedmont Investment Advisors LLC Takes Position in WESCO International, Inc. (WCC)

Piedmont Investment Advisors LLC bought a new position in WESCO International, Inc. (NYSE:WCC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 29,380 shares of the technology company’s stock, valued at approximately $1,683,000. Piedmont Investment Advisors LLC owned about 0.06% of WESCO International as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Investec Asset Management LTD grew its holdings in shares of WESCO International by 24.5% in the 2nd quarter. Investec Asset Management LTD now owns 1,103,602 shares of the technology company’s stock worth $63,236,000 after acquiring an additional 217,004 shares during the last quarter. Systematic Financial Management LP grew its holdings in shares of WESCO International by 22.7% in the 2nd quarter. Systematic Financial Management LP now owns 31,130 shares of the technology company’s stock worth $1,784,000 after acquiring an additional 5,765 shares during the last quarter. Airain ltd acquired a new position in shares of WESCO International in the 2nd quarter worth $1,983,000. Tudor Investment Corp ET AL acquired a new position in shares of WESCO International in the 1st quarter worth $8,096,000. Finally, Investec Asset Management North America Inc. grew its holdings in shares of WESCO International by 28.4% in the 2nd quarter. Investec Asset Management North America Inc. now owns 19,938 shares of the technology company’s stock worth $1,142,000 after acquiring an additional 4,405 shares during the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

WESCO International, Inc. (WCC) traded up 1.44% during mid-day trading on Monday, reaching $59.70. The company had a trading volume of 46,183 shares. WESCO International, Inc. has a 12 month low of $48.95 and a 12 month high of $76.15. The stock has a market cap of $2.86 billion, a PE ratio of 28.31 and a beta of 1.80. The firm’s 50-day moving average price is $55.25 and its 200-day moving average price is $58.14.

WESCO International (NYSE:WCC) last released its quarterly earnings data on Thursday, July 27th. The technology company reported $1.02 EPS for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.04. WESCO International had a net margin of 1.41% and a return on equity of 9.11%. The business had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter in the prior year, the company earned $1.02 EPS. The firm’s quarterly revenue was down .1% on a year-over-year basis. Equities research analysts forecast that WESCO International, Inc. will post $3.74 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “Piedmont Investment Advisors LLC Takes Position in WESCO International, Inc. (WCC)” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this news story on another website, it was copied illegally and republished in violation of U.S. and international trademark & copyright legislation. The legal version of this news story can be read at https://ledgergazette.com/2017/10/16/piedmont-investment-advisors-llc-takes-position-in-wesco-international-inc-wcc.html.

In other news, CFO David S. Schulz bought 4,000 shares of the stock in a transaction on Friday, August 11th. The stock was purchased at an average price of $51.57 per share, for a total transaction of $206,280.00. Following the acquisition, the chief financial officer now owns 9,000 shares in the company, valued at $464,130. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.90% of the stock is currently owned by corporate insiders.

A number of brokerages recently issued reports on WCC. Robert W. Baird restated a “hold” rating and issued a $56.00 target price on shares of WESCO International in a report on Wednesday, October 4th. KeyCorp restated a “buy” rating and issued a $64.00 target price on shares of WESCO International in a report on Thursday. Standpoint Research upgraded WESCO International from a “hold” rating to a “buy” rating and set a $63.00 target price on the stock in a report on Thursday, August 3rd. Royal Bank Of Canada restated a “hold” rating on shares of WESCO International in a report on Wednesday, July 12th. Finally, Zacks Investment Research upgraded WESCO International from a “sell” rating to a “hold” rating in a report on Monday, October 2nd. One investme

Other hedge funds and other institutional investors also recently modified their holdings of the company. Investec Asset Management LTD grew its holdings in shares of WESCO International by 24.5% in the 2nd quarter. Investec Asset Management LTD now owns 1,103,602 shares of the technology company’s stock worth $63,236,000 after acquiring an additional 217,004 shares during the last quarter. Systematic Financial Management LP grew its holdings in shares of WESCO International by 22.7% in the 2nd quarter. Systematic Financial Management LP now owns 31,130 shares of the technology company’s stock worth $1,784,000 after acquiring an additional 5,765 shares during the last quarter. Airain ltd acquired a new position in shares of WESCO International in the 2nd quarter worth $1,983,000. Tudor Investment Corp ET AL acquired a new position in shares of WESCO International in the 1st quarter worth $8,096,000. Finally, Investec Asset Management North America Inc. grew its holdings in shares of WESCO International by 28.4% in the 2nd quarter. Investec Asset Management North America Inc. now owns 19,938 shares of the technology company’s stock worth $1,142,000 after acquiring an additional 4,405 shares during the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

WESCO International, Inc. (WCC) traded up 1.44% during mid-day trading on Monday, reaching $59.70. The company had a trading volume of 46,183 shares. WESCO International, Inc. has a 12 month low of $48.95 and a 12 month high of $76.15. The stock has a market cap of $2.86 billion, a PE ratio of 28.31 and a beta of 1.80. The firm’s 50-day moving average price is $55.25 and its 200-day moving average price is $58.14.

WESCO International (NYSE:WCC) last released its quarterly earnings data on Thursday, July 27th. The technology company reported $1.02 EPS for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.04. WESCO International had a net margin of 1.41% and a return on equity of 9.11%. The business had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter in the prior year, the company earned $1.02 EPS. The firm’s quarterly revenue was down .1% on a year-over-year basis. Equities research analysts forecast that WESCO International, Inc. will post $3.74 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “Piedmont Investment Advisors LLC Takes Position in WESCO International, Inc. (WCC)” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this news story on another website, it was copied illegally and republished in violation of U.S. and international trademark & copyright legislation. The legal version of this news story can be read at https://ledgergazette.com/2017/10/16/piedmont-investment-advisors-llc-takes-position-in-wesco-international-inc-wcc.html.

In other news, CFO David S. Schulz bought 4,000 shares of the stock in a transaction on Friday, August 11th. The stock was purchased at an average price of $51.57 per share, for a total transaction of $206,280.00. Following the acquisition, the chief financial officer now owns 9,000 shares in the company, valued at $464,130. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.90% of the stock is currently owned by corporate insiders.

A number of brokerages recently issued reports on WCC. Robert W. Baird restated a “hold” rating and issued a $56.00 target price on shares of WESCO International in a report on Wednesday, October 4th. KeyCorp restated a “buy” rating and issued a $64.00 target price on shares of WESCO International in a report on Thursday. Standpoint Research upgraded WESCO International from a “hold” rating to a “buy” rating and set a $63.00 target price on the stock in a report on Thursday, August 3rd. Royal Bank Of Canada restated a “hold” rating on shares of WESCO International in a report on Wednesday, July 12th. Finally, Zacks Investment Research upgraded WESCO International from a “sell” rating to a “hold” rating in a report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. WESCO International presently has an average rating of “Buy” and an average target price of $66.21.

WESCO International Company Profile

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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