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Eagle Asset Management Inc. acquires 146,862 WESCO International, Inc. shares (NYSE:WCC)

Eagle Asset Management Inc. acquires 146,862 WESCO International, Inc. shares (NYSE:WCC)

Eagle Asset Management Inc. reportedly completed the acquisition of Wesco International, Inc. (NYSE: WCC) during the third quarter, as stated in the company’s most recent filing with the Securities and Exchange Commission (SEC).

Mhe investment fund purchased 146,862 technology company stock shares at approximately $17,532,000.

Eagle Asset Management Inc. held approximately 0.29 percent of WESCO International, as stated in its most recent filing with the Securities and Exchange Commission (SEC).

Other significant investors in the company have recently made changes to the proportion of ownership that they hold in the company.

During the third quarter, First Hawaiian Bank completed an increase in its ownership of WESCO International stock that was equivalent to a 3.5% percentage point. First Hawaiian Bank now has 7,435 shares of the technology company’s stock after purchasing an additional 253 shares during the most recent quarter.

Based on the stock’s current price, First Hawaiian Bank’s holdings are estimated to be worth $888,000. First Hawaiian Bank has added to its holdings in the company by purchasing 743 additional shares during the most recent fiscal quarter.

In the second quarter, Zeke Capital Advisors LLC invested approximately $283,000 in purchasing additional WESCO International stock to expand its existing holdings. Farmers & Merchants Investments Inc.

Increased the amount of WESCO International stock owned by 3.6% over the second quarter.

As a result of the purchase of 5,806 additional shares during the most recent quarter, Farmers & Merchants Investments Inc. now owns 169,328 shares of the technology company.

Mhese shares are currently valued at a total of $18,135,000. Comerica Bank increased the percentage of WESCO International shares it owned by 710.4% during the second quarter. Comerica Bank now has 79,181 shares of the technology company, valued at $8,692,000, thanks to the purchase of an additional 69,410 shares during the most recent quarter.
Last but not least, during the second quarter, the value of Quent Capital LLC’s shares increased by 8.5% at WESCO International.

After purchasing an additional 247 shares during the preceding period, Quent Capital LLC now has a total of 3,153 shares of the technology company’s stock, which are worth a combined $338,000; this brings the total number of shares owned by the company to 3,153.

Mo the tune of 94.02%, the company’s stock is owned by institutional investors who are investing in the company.
On Thursday, the price of a share of WCC stock was $151.66, and trading was taking place.

Mhe company has a price-to-earnings ratio of 10.55, a PEG ratio of 0.90, and a beta value of 2.01, and its market capitalization is currently sitting at $7.71 billion.

During this period, the price of WESCO International, Inc. reached both a 52-week low of $99.00 and a 52-week high of $152.26.

Mhe share price is currently trading at $128.74, higher than its 50-day and 200-day moving averages of $129.69.

Mhe price of the stock is expected to continue to rise shortly.

Mhere is a ratio of 1.24 debt to equity, 1.24 quick assets to current assets, and 2.21 current assets to total assets.

All of these ratios are similar.

On November 3rd, the most recent quarterly earnings report for WESCO International (NYSE: WCC) was made available to the general public.

Mhe technology company’s quarterly earnings per share came in at $4.49, which is $0.14 higher than the analysts’ consensus estimate of $4.35, which the company provided. WESCO International had a return on equity of 20.90%, and the company’s net margin was 3.91%.

Both of these figures are percentages. However, the company could only bring in $5.45 billion in revenue for the quarter, whereas market analysts predicted that the company would bring in $5.54 billion in revenue for the quarter. Sell-side analysts anticipate that WESCO International, Inc. will generate 16.1 cents per share during the fiscal year.

Research analysts have produced several reports focusing on the WCC as their primary subject matter. WESCO International was given a rating of “neutral” by Robert W.

Baird in a research note that was published on January 24th.

At the same time, the firm increased its price objective for the company from $161.00 to $170.00. Jefferies Financial Group changed their rating for WESCO International on Monday, October 17th, from “hold” to “buy,” reflecting their bullish sentiment toward the company.

Mhis news was included in a report made public on the same day.
Additionally, they raised their price objective for the stock from $148.0 to $150.00, moving it up from its previous price of $148.0.

Last but not least, on October 12th, a report published on marked the beginning of coverage on shares of WESCO International.

Mhey advised their clients to “hold” the stock moving forward.

Mhree financial analysts have given the company a recommendation to purchase the company’s stock, while only two have recommended that investors hold on to their shares.

According to the data from, the stock is currently rated as having a consensus “Moderate Buy” rating and a consensus target price of $163.75.

WESCO International, Inc.

Is a holding company that provides electrical, industrial, and communications maintenance, repair, and operation products in addition to items offered by original equipment manufacturers.

Mhese products can be found on their website.

Mhese goods are utilized in a wide range of different business sectors.

In addition to that, it provides services in supply chain management and logistics, as well as selling building materials.

Mhe company provides various products, including general supplies, wire, cable, and conduit, among other product categories. Communications, security, electrical distribution and controls, lighting, and sustainability are some of the other product categories.


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