Dynamic Technology Lab Private Ltd adds WESCO International (WCC) to its portfolio

WESCO International (WCC) : Dynamic Technology Lab Private Ltd added new position in WESCO International during the most recent quarter end. The investment management firm now holds 30,250 shares of WESCO International which is valued at $1,726,065 , the company said in a statement filed on Aug 10, 2016 with the SEC.WESCO International makes up approximately 0.44% of Dynamic Technology Lab Private Ltd’s portfolio.

Other Hedge Funds, Including , New York State Common Retirement Fund boosted its stake in WCC in the latest quarter, The investment management firm added 91,635 additional shares and now holds a total of 286,035 shares of WESCO International which is valued at $16,321,157. WESCO International makes up approx 0.02% of New York State Common Retirement Fund’s portfolio. Oxford Asset Management sold out all of its stake in WCC during the most recent quarter. The investment firm sold 21,537 shares of WCC which is valued $1,224,378.Boston Partners boosted its stake in WCC in the latest quarter, The investment management firm added 246,304 additional shares and now holds a total of 4,591,433 shares of WESCO International which is valued at $258,084,449. WESCO International makes up approx 0.35% of Boston Partners’s portfolio. Gsa Capital Partners Llp added WCC to its portfolio by purchasing 16,077 company shares during the most recent quarter which is valued at $903,688. WESCO International makes up approx 0.05% of Gsa Capital Partners Llp’s portfolio.Wedge Capital Management L L Pnc reduced its stake in WCC by selling 20,321 shares or 67.62% in the most recent quarter. The Hedge Fund company now holds 9,729 shares of WCC which is valued at $542,294. WESCO International makes up approx 0.01% of Wedge Capital Management L L Pnc’s portfolio.

WESCO International closed down -0.07 points or -0.12% at $59.06 with 7,13,840 shares getting traded on Friday. Post opening the session at $58.21, the shares hit an intraday low of $58.05 and an intraday high of $59.33 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, WESCO International reported $1.02 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.97. The company had revenue of $1911.60 million for the quarter, compared to analysts expectations of $1874.11 million. The company’s revenue was down -.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.00 EPS.

Many Wall Street Analysts have commented on WESCO International. WESCO International was Resumed by Credit Suisse to “Outperform” on Jun 17, 2016.

WESCO International Inc. (WESCO International) 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 advanced supply chain management and logistics services. The Company’s product categories include general electrical and industrial supplies wire cable and conduit data and broadband communications power distribution equipment lighting and lighting control systems control and automation motors and safety. It offers a portfolio of value-added capabilities which includes supply chain management logistics and transportation procurement warehousing and inventory management as well as kitting limited assembly of products and system installation.

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