Peconic Partners LLC Has Decreased Its Stake in Wesco Intl INC (WCC) by $11.09 Million

May 16, 2018 - By William Pierce

WESCO International, Inc. (NYSE:WCC) LogoInvestors sentiment increased to 1.27 in Q4 2017. Its up 0.29, from 0.98 in 2017Q3. It improved, as 17 investors sold WCC shares while 68 reduced holdings. 43 funds opened positions while 65 raised stakes. 46.81 million shares or 2.52% more from 45.65 million shares in 2017Q3 were reported. California Employees Retirement, a California-based fund reported 132,647 shares. Bancshares Of America Corp De holds 0% or 107,356 shares. 20,486 were accumulated by Piedmont Investment Advisors Lc. Morgan Stanley has 0.01% invested in WESCO International, Inc. (NYSE:WCC) for 433,034 shares. Schwab Charles Inv Mgmt Incorporated has invested 0.01% of its portfolio in WESCO International, Inc. (NYSE:WCC). Shell Asset Mngmt has 0.02% invested in WESCO International, Inc. (NYSE:WCC). Edgepoint Invest Grp Inc Inc holds 4.06% or 4.17 million shares. Selway Asset Mngmt holds 0.9% or 22,500 shares. Capital Fund Mngmt reported 3,200 shares stake. Smithfield Tru owns 350 shares. Swiss State Bank stated it has 0.01% in WESCO International, Inc. (NYSE:WCC). Deutsche Commercial Bank Ag invested in 0.02% or 414,793 shares. Moreover, Jpmorgan Chase & has 0% invested in WESCO International, Inc. (NYSE:WCC). Arrowstreet Ltd Partnership accumulated 27,600 shares or 0% of the stock. Credit Suisse Ag has invested 0% in WESCO International, Inc. (NYSE:WCC).

Since December 12, 2017, it had 0 buys, and 3 insider sales for $473,804 activity. 768 shares valued at $50,350 were sold by UTTER LYNN M on Thursday, February 22.

William Harnisch decreased its stake in Wesco Intl Inc (WCC) by 50.85% based on its latest 2017Q4 regulatory filing with the SEC. Peconic Partners Llc sold 163,124 shares as the company’s stock declined 6.71% with the market. The hedge fund run by William Harnisch held 157,700 shares of the consumer non-durables company at the end of 2017Q4, valued at $10.75 million, down from 320,824 at the end of the previous reported quarter. Peconic Partners Llc who had been investing in Wesco Intl Inc for a number of months, seems to be less bullish one the $2.82 billion market cap company. The stock increased 0.50% or $0.3 during the last trading session, reaching $59.85. About 253,416 shares traded. WESCO International, Inc. (NYSE:WCC) has declined 10.64% since May 16, 2017 and is downtrending. It has underperformed by 22.19% the S&P500.

Analysts await WESCO International, Inc. (NYSE:WCC) to report earnings on July, 26. They expect $1.22 EPS, up 19.61 % or $0.20 from last year’s $1.02 per share. WCC’s profit will be $57.44 million for 12.26 P/E if the $1.22 EPS becomes a reality. After $0.93 actual EPS reported by WESCO International, Inc. for the previous quarter, Wall Street now forecasts 31.18 % EPS growth.

Another recent and important WESCO International, Inc. (NYSE:WCC) news was published by Seekingalpha.com which published an article titled: “WESCO International (WCC) Q1 2018 Results – Earnings Call Transcript” on April 26, 2018.

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

Among 7 analysts covering Wesco International (NYSE:WCC), 3 have Buy rating, 0 Sell and 4 Hold. Therefore 43% are positive. Wesco International had 9 analyst reports since December 13, 2017 according to SRatingsIntel. The stock has “Hold” rating by RBC Capital Markets on Wednesday, January 3. The firm earned “Buy” rating on Thursday, February 1 by Northcoast. UBS initiated WESCO International, Inc. (NYSE:WCC) rating on Tuesday, January 23. UBS has “Hold” rating and $70.0 target. The firm earned “Hold” rating on Wednesday, December 13 by Credit Suisse. The stock has “Hold” rating by Robert W. Baird on Thursday, February 1. RBC Capital Markets maintained it with “Hold” rating and $70.0 target in Thursday, February 1 report. As per Thursday, February 1, the company rating was maintained by Stephens. The company was maintained on Wednesday, January 17 by RBC Capital Markets.

WESCO International, Inc. (NYSE:WCC) Institutional Positions Chart

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