WESCO International (WCC) : Scoria Capital Partners Lp added new position in WESCO International during the most recent quarter end. The investment management firm now holds 96,800 shares of WESCO International which is valued at $5,523,408 , the company said in a statement filed on Aug 15, 2016 with the SEC.WESCO International makes up approximately 3.71% of Scoria Capital Partners Lp’s portfolio.
Other Hedge Funds, Including , Ahl Partners Llp added WCC to its portfolio by purchasing 28,157 company shares during the most recent quarter which is valued at $1,606,638. WESCO International makes up approx 0.10% of Ahl Partners Llp’s portfolio. Renaissance Technologies sold out all of its stake in WCC during the most recent quarter. The investment firm sold 115,700 shares of WCC which is valued $6,601,842. Grantham Mayo Van Otterloo added WCC to its portfolio by purchasing 20,800 company shares during the most recent quarter which is valued at $1,186,848.Tiaa Cref Investment Management boosted its stake in WCC in the latest quarter, The investment management firm added 240,564 additional shares and now holds a total of 799,748 shares of WESCO International which is valued at $45,633,621. WESCO International makes up approx 0.03% of Tiaa Cref Investment Management’s portfolio.Advisory Services Network boosted its stake in WCC in the latest quarter, The investment management firm added 26 additional shares and now holds a total of 166 shares of WESCO International which is valued at $8,969.
WESCO International opened for trading at $62.37 and hit $62.87 on the upside on Thursday, eventually ending the session at $62.33, with a gain of 0.27% or 0.17 points. The heightened volatility saw the trading volume jump to 8,55,244 shares. Company has a market cap of $2,635 M.
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. Macquarie Initiated WESCO International on Aug 26, 2016 to “Neutral”, Price Target of the shares are set at $64.WESCO International was Upgraded by Longbow to ” Buy” on Aug 24, 2016. 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.