Blue Harbour Group LP Increased Its Stake in Wesco Intl INC (WCC) by $105.42 Million as Shares Declined

WESCO International, Inc. (NYSE:WCC) Corporate LogoBig Money Sentiment increased to 1.33 in 2018 Q2. It has change of 0.38, from 2018Q1’s 0.95. The ratio is positive due to WCC positioning: 15 sold and 69 reduced. 34 funds took positions and 78 increased positions. Investors holded 45.18 million in 2018Q1 but now own 45.24 million shares or 0.14% more. Nuveen Asset Mgmt Limited Liability holds 0.04% or 112,188 shs. Campbell Communication Investment Adviser Limited Liability Co invested 0.19% in WESCO International, Inc. (NYSE:WCC). Credit Suisse Ag holds 35,420 shs or 0% of its capital. Vulcan Value Limited Com holds 0.43% or 978,838 shs in its capital. Moreover, Axa has 0.02% invested in WESCO International, Inc. (NYSE:WCC) for 76,500 shs. Glenmede Tru Na has invested 0% of its capital in WESCO International, Inc. (NYSE:WCC). Quantitative Investment Management Ltd Liability reported 11,500 shs. State Teachers Retirement Sys has invested 0% in WESCO International, Inc. (NYSE:WCC). Walleye Trading Limited Company has 0% invested in WESCO International, Inc. (NYSE:WCC). Impax Asset Mngmt Limited Liability Company accumulated 325,753 shs. National Bank Of Ny Mellon Corp reported 0% in WESCO International, Inc. (NYSE:WCC). Gp One Trading LP reported 167 shs. Cubist Systematic Strategies Ltd Limited Liability Company invested in 15,324 shs or 0.04% of the stock. Sei Co holds 0.01% or 31,505 shs in its capital. State Of Wisconsin Invest Board holds 0% or 9,211 shs in its capital.

WCC had 2 selling transactions and 1 buying transaction since May 16, 2018. This’s net activity of $20,668. Wolf Christine Ann bought 1,690 shs worth $100,048.

Blue Harbour Group Lp’s stake in Wesco Intl Inc (WCC) is increased by 124.57% based on its latest 2018Q2 regulatory filing with the SEC. 1.85M shares were bought by Blue Harbour Group Lp as the company’s stock declined 3.05% while stock markets rallied. At the end of 2018Q2, the 3.33M shares of the consumer non-durables company held by the hedge fund were priced at $190.38 million, up from 1.48M at the end of the previous reported quarter. $2.50 billion is Wesco Intl Inc’s MC. Ticker’s shares touched $53.46 during the last trading session after 1.62% change.WESCO International, Inc. is uptrending after having risen 11.77% since November 10, 2017. WCC has 803,011 volume or 82.49% up from normal. The stock underperformed the S&P500 by 3.85%.

For a total of 3.43 million shares it reduced its holding in Xilinx Inc (NASDAQ:XLNX) by 1.55M shares in the quarter, and has cut its stake in Investors Bancorp Inc New (NASDAQ:ISBC).

There’s an important WESCO International, Inc. (NYSE:WCC) news released by Seekingalpha.com. It’s an item titled: “Wesco International, Inc. (WCC) CEO John Engel on Q3 2018 Results – Earnings Call Transcript” on November 03, 2018.

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

In total 4 analysts cover WESCO International (NYSE:WCC). “Buy” rating has 1, “Sell” are 0, while 3 are “Hold”. (NYSE:WCC) has 25% bullish analysts. 4 are the (NYSE:WCC)’s ratings reports on 10 Nov 2018 according to StockzIntelligence Inc. On Wednesday, June 27 the rating was downgraded by KeyBanc Capital Markets to “Sector Weight”. The company rating was upgraded by Standpoint Research on Friday, October 12. On Thursday, August 30 the rating was maintained by UBS with “Neutral”. On Friday, November 2 the firm has “Neutral” rating by Robert W. Baird given.

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

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