Do Institutional Investors Love Wesco Distribution Inc (NYSE:WCC)?

July 17, 2017 - By Migdalia James

 Do Institutional Investors Love Wesco Distribution Inc (NYSE:WCC)?

Sentiment for Wesco Distribution Inc (NYSE:WCC)

Wesco Distribution Inc (NYSE:WCC) institutional sentiment increased to 1.5 in 2016 Q4. Its up 0.50, from 1 in 2016Q3. The ratio has improved, as 141 investment managers opened new and increased equity positions, while 94 decreased and sold stakes in Wesco Distribution Inc. The investment managers in our partner’s database now have: 47.43 million shares, down from 48.77 million shares in 2016Q3. Also, the number of investment managers holding Wesco Distribution Inc in their top 10 equity positions was flat from 2 to 2 for the same number . Sold All: 27 Reduced: 67 Increased: 88 New Position: 53.

WESCO International, Inc. is a distributor of products and well-known provider of supply chain management and logistics services used in industrial, construction, utility and commercial, institutional and government markets. The company has market cap of $2.75 billion. The Firm is a well-known 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. It has a 27.93 P/E ratio. The Company’s product categories include general supplies, wire, cable and conduit, communications and security, electrical distribution and controls, lighting and sustainability, and automation, controls and motors.

It closed at $56.45 lastly. It is down 13.26% since July 17, 2016 and is uptrending. It has underperformed by 3.44% the S&P500.

Wall Street await WESCO International, Inc. (NYSE:WCC) to release earnings on July, 27. Analysts forecast earnings per share of $0.99, down exactly $0.03 or 2.94 % from 2014’s $1.02 EPS. The expected WCC’s profit could reach $48.23 million giving the stock 14.26 P/E in the case that $0.99 earnings per share is reported. After posting $0.76 EPS for the previous quarter, WESCO International, Inc.’s analysts now forecast 30.26 % EPS growth.

Edgepoint Investment Group Inc. holds 5.06% of its portfolio in WESCO International, Inc. for 4.52 million shares. Peconic Partners Llc owns 347,693 shares or 3.06% of their US portfolio. Moreover, Polaris Capital Management Llc has 2.39% invested in the company for 555,211 shares. The New York-based Olstein Capital Management L.P. has invested 1.35% in the stock. Profit Investment Management Llc, a Maryland-based fund reported 20,902 shares.#img1#

Since January 1, 0001, it had 1 insider purchase, and 2 sales for $5.05 million activity.

WESCO International, Inc. (NYSE:WCC) Ratings Coverage

Ratings analysis reveals 35% of Wesco International Inc.’s analysts are positive. Out of 17 Wall Street analysts rating Wesco International Inc., 6 give it “Buy”, 0 “Sell” rating, while 11 recommend “Hold”. The lowest target is $4 while the high is $76. The stock’s average target of $60.15 is 6.55% above today’s ($56.45) share price. WCC was included in 45 notes of analysts from July 24, 2015. The stock of WESCO International, Inc. (NYSE:WCC) earned “Overweight” rating by KeyBanc Capital Markets on Thursday, December 1. William Blair upgraded WESCO International, Inc. (NYSE:WCC) on Monday, December 5 to “Outperform” rating. The stock has “Hold” rating by RBC Capital Markets on Monday, July 10. The firm earned “Hold” rating on Wednesday, June 7 by Oppenheimer. On Friday, January 29 the stock rating was maintained by Oppenheimer with “Outperform”. Barclays Capital maintained it with “Equal Weight” rating and $46 target in Wednesday, December 16 report. Longbow upgraded WESCO International, Inc. (NYSE:WCC) on Wednesday, August 24 to “Buy” rating. The stock of WESCO International, Inc. (NYSE:WCC) has “Sector Perform” rating given on Wednesday, December 14 by RBC Capital Markets. UBS initiated WESCO International, Inc. (NYSE:WCC) rating on Thursday, September 17. UBS has “Neutral” rating and $57 target. The firm has “Neutral” rating by UBS given on Thursday, May 12.

More important recent WESCO International, Inc. (NYSE:WCC) news were published by: Prnewswire.com which released: “WESCO International, Inc. Reports First Quarter 2017 Results” on April 27, 2017, also Gurufocus.com published article titled: “Vaughan Nelson Investment Management, Lp Buys Nexstar Media Group Inc, The …”, Nasdaq.com published: “The Zacks Analyst Blog Highlights: MSCI, TE Connectivity, WESCO International …” on July 11, 2017. More interesting news about WESCO International, Inc. (NYSE:WCC) was released by: Prnewswire.com and their article: “WESCO International, Inc. Announces Its Second Quarter Earnings Call and …” with publication date: June 19, 2017.

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