Campbell & CO Investment Adviser LLC Purchases Shares of 8,552 WESCO International, Inc. (NYSE:WCC)

Campbell & CO Investment Adviser LLC purchased a new stake in WESCO International, Inc. (NYSE:WCC) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 8,552 shares of the technology company’s stock, valued at approximately $376,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WCC. US Bancorp DE grew its position in shares of WESCO International by 231.4% in the 1st quarter. US Bancorp DE now owns 7,908 shares of the technology company’s stock valued at $180,000 after buying an additional 5,522 shares during the last quarter. Geode Capital Management LLC grew its position in shares of WESCO International by 2.6% in the 1st quarter. Geode Capital Management LLC now owns 470,166 shares of the technology company’s stock valued at $10,742,000 after buying an additional 11,872 shares during the last quarter. Quantitative Investment Management LLC grew its position in shares of WESCO International by 118.0% in the 1st quarter. Quantitative Investment Management LLC now owns 23,457 shares of the technology company’s stock valued at $535,000 after buying an additional 12,695 shares during the last quarter. Tudor Investment Corp Et Al bought a new stake in shares of WESCO International in the 1st quarter valued at about $821,000. Finally, Farmers & Merchants Investments Inc. grew its position in shares of WESCO International by 43.4% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 82,726 shares of the technology company’s stock valued at $2,905,000 after buying an additional 25,033 shares during the last quarter.

WCC has been the topic of a number of recent analyst reports. KeyCorp boosted their price objective on WESCO International from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, August 14th. ValuEngine downgraded WESCO International from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 19th. Longbow Research reissued a “buy” rating and issued a $50.00 price objective on shares of WESCO International in a research note on Tuesday, June 23rd. Oppenheimer boosted their price objective on WESCO International from $55.00 to $65.00 and gave the company an “outperform” rating in a research note on Tuesday, August 18th. Finally, Raymond James boosted their price objective on WESCO International from $60.00 to $65.00 and gave the company a “strong-buy” rating in a research note on Friday, August 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. WESCO International has an average rating of “Buy” and an average price target of $51.92.

In related news, EVP Hemant Porwal acquired 2,000 shares of the stock in a transaction dated Friday, September 4th. The stock was purchased at an average cost of $27.55 per share, with a total value of $55,100.00. Following the completion of the purchase, the executive vice president now directly owns 5,241 shares in the company, valued at approximately $144,389.55. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO David S. Schulz acquired 2,907 shares of the stock in a transaction dated Thursday, September 17th. The stock was bought at an average cost of $34.39 per share, with a total value of $99,971.73. The disclosure for this purchase can be found here. Over the last three months, insiders bought 6,907 shares of company stock valued at $245,532. Company insiders own 3.70% of the company’s stock.

WCC stock opened at $46.44 on Friday. The stock’s 50 day simple moving average is $45.54 and its 200 day simple moving average is $36.44. WESCO International, Inc. has a fifty-two week low of $13.52 and a fifty-two week high of $61.32. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.33 and a current ratio of 2.36. The company has a market cap of $2.32 billion, a P/E ratio of 16.83, a price-to-earnings-growth ratio of 0.93 and a beta of 2.14.

WESCO International (NYSE:WCC) last posted its quarterly earnings results on Thursday, August 13th. The technology company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.38. WESCO International had a return on equity of 8.34% and a net margin of 1.42%. The business had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the prior year, the business earned $1.45 EPS. Equities analysts predict that WESCO International, Inc. will post 4.84 earnings per share for the current year.

WESCO International 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; communication and metering devices, and racking systems; and solar modules, connectors, and storage batteries.

Featured Article: What are Bollinger Bands?

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

Receive News & Ratings for WESCO International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WESCO International and related companies with MarketBeat.com's FREE daily email newsletter.