WESCO International, Inc. (WCC)’s Stock Insider Transaction – Lynn Utter Sells 652 Shares; Glg Has Upped By $4.02 Million Its Autodesk (Call) (ADSK) Stake

May 18, 2018 - By Peter Erickson

WESCO International, Inc. (NYSE:WCC) Logo

Glg Llc increased Autodesk Inc (Call) (ADSK) stake by 339.6% reported in 2017Q4 SEC filing. Glg Llc acquired 38,626 shares as Autodesk Inc (Call) (ADSK)’s stock rose 23.51%. The Glg Llc holds 50,000 shares with $5.24M value, up from 11,374 last quarter. Autodesk Inc (Call) now has $29.91 billion valuation. The stock increased 0.43% or $0.59 during the last trading session, reaching $136.52. About 1.29M shares traded. Autodesk, Inc. (NASDAQ:ADSK) has risen 50.18% since May 18, 2017 and is uptrending. It has outperformed by 38.63% the S&P500.

Since December 12, 2017, it had 0 buys, and 3 sales for $473,804 activity. Singleton James Louis had sold 5,898 shares worth $376,603. Shares for $50,350 were sold by UTTER LYNN M on Thursday, February 22.

WESCO International, Inc. distributes electrical, industrial, and communication maintenance, repair, and operating products; and original equipment manufacturers products and construction materials in North America and internationally. The company has market cap of $2.78 billion. The firm offers general supplies, such as wiring devices, fuses, terminals, connectors, boxes, enclosures, fittings, lugs, terminations, tapes, splicing and marking equipment, tools and testers, safety, personal protection, sealants, cutting tools, adhesives, consumables, fasteners, janitorial, and other MRO supplies. It has a 17.47 P/E ratio. It also provides wires, cables, raceways, and metallic and non-metallic conduits; and communications and security products, including structured cabling systems, broadband products, low voltage specialty systems, specialty wire and cable products, equipment racks and cabinets, access controls, alarms, cameras, and paging and voice solutions.

The insider, and Wesco International Inc’s director, Lynn Utter, sold 652 company shares on May 17, 2018, worth total $38,827 (at $59.6 for each share). Mr. Lynn currently possess 9,116 shares, accounting for 0.02% of the company’s total market capitalization.

The stock decreased 0.67% or $0.4 during the last trading session, reaching $59.05. About 959,600 shares traded or 123.22% up from the average. WESCO International, Inc. (NYSE:WCC) has declined 10.64% since May 18, 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 earnings per share, up 19.61% or $0.20 from last year’s $1.02 per share. WCC’s profit will be $57.44 million for 12.10 P/E if the $1.22 EPS becomes a reality. After $0.93 actual earnings per share 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.

Investors sentiment increased to 1.27 in Q4 2017. Its up 0.29, from 0.98 in 2017Q3. It increased, as 17 investors sold WESCO International, Inc. 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. Pinnacle Associate has invested 0.02% in WESCO International, Inc. (NYSE:WCC). Boothbay Fund Management Ltd Liability holds 0.12% or 12,200 shares. Alphaone Invest Services Ltd Limited Liability Company stated it has 0.01% in WESCO International, Inc. (NYSE:WCC). Diamond Hill Capital Management invested 0% in WESCO International, Inc. (NYSE:WCC). Citigroup has invested 0% of its portfolio in WESCO International, Inc. (NYSE:WCC). Tudor Invest Corp Et Al has 0.01% invested in WESCO International, Inc. (NYSE:WCC) for 5,966 shares. First Mercantile Com has invested 0.03% of its portfolio in WESCO International, Inc. (NYSE:WCC). Pub Employees Retirement Sys Of Ohio accumulated 0.06% or 171,108 shares. 429,157 were reported by Natl Bank Of New York Mellon. Raymond James has invested 0.01% in WESCO International, Inc. (NYSE:WCC). Loring Wolcott Coolidge Fiduciary Llp Ma holds 0% or 22 shares in its portfolio. Etrade Capital Limited Liability owns 0.01% invested in WESCO International, Inc. (NYSE:WCC) for 2,944 shares. Federated Investors Pa invested in 0.01% or 43,570 shares. Peconic Lc holds 1.54% or 157,700 shares in its portfolio. James Inv Rech holds 0.09% or 39,800 shares in its portfolio.

Among 20 analysts covering Wesco International Inc. (NYSE:WCC), 9 have Buy rating, 0 Sell and 11 Hold. Therefore 45% are positive. Wesco International Inc. has $80.0 highest and $4 lowest target. $66.59’s average target is 12.77% above currents $59.05 stock price. Wesco International Inc. had 71 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was downgraded by TheStreet on Saturday, August 8 to “Buy”. The firm has “Hold” rating by Standpoint Research given on Monday, August 24. The rating was maintained by RBC Capital Markets on Wednesday, December 14 with “Sector Perform”. Sterne Agee CRT initiated the stock with “Neutral” rating in Tuesday, March 22 report. Credit Suisse maintained WESCO International, Inc. (NYSE:WCC) rating on Tuesday, October 31. Credit Suisse has “Outperform” rating and $70 target. The company was maintained on Thursday, April 14 by Susquehanna. The firm has “Outperform” rating given on Friday, October 27 by Wells Fargo. The company was maintained on Thursday, May 12 by UBS. The firm has “Neutral” rating given on Friday, August 26 by Macquarie Research. The stock of WESCO International, Inc. (NYSE:WCC) has “Outperform” rating given on Tuesday, March 22 by Oppenheimer.

Since March 7, 2018, it had 0 insider buys, and 8 selling transactions for $6.09 million activity. Underwood Paul D. had sold 572 shares worth $77,981. Di Fronzo Pascal W sold $48,329 worth of Autodesk, Inc. (NASDAQ:ADSK) on Monday, April 2. 20,458 Autodesk, Inc. (NASDAQ:ADSK) shares with value of $2.53M were sold by Blum Steven M. BEVERIDGE CRAWFORD W sold $199,665 worth of stock or 1,500 shares. Anagnost Andrew sold 20,499 shares worth $2.57 million.

Investors sentiment decreased to 1.08 in Q4 2017. Its down 0.34, from 1.42 in 2017Q3. It dived, as 46 investors sold ADSK shares while 171 reduced holdings. 84 funds opened positions while 151 raised stakes. 204.78 million shares or 0.77% less from 206.38 million shares in 2017Q3 were reported. Prudential Fincl holds 300,512 shares or 0.04% of its portfolio. Eastern National Bank reported 0.01% of its portfolio in Autodesk, Inc. (NASDAQ:ADSK). Point72 Asia (Hong Kong) Limited holds 0.04% or 511 shares in its portfolio. Impax Asset Mgmt Limited has invested 0.26% in Autodesk, Inc. (NASDAQ:ADSK). Dnb Asset Management As, a Norway-based fund reported 21,128 shares. Invesco Ltd owns 0.08% invested in Autodesk, Inc. (NASDAQ:ADSK) for 2.11M shares. American Management stated it has 0% in Autodesk, Inc. (NASDAQ:ADSK). Virtus Inv Advisers, a Connecticut-based fund reported 9,342 shares. Toronto Dominion Bankshares holds 0.03% in Autodesk, Inc. (NASDAQ:ADSK) or 93,189 shares. Meag Munich Ergo Kapitalanlagegesellschaft Mbh reported 0.09% in Autodesk, Inc. (NASDAQ:ADSK). Norinchukin Fincl Bank The holds 0.04% of its portfolio in Autodesk, Inc. (NASDAQ:ADSK) for 22,592 shares. Parametric Associates Limited Liability Com accumulated 706,146 shares. Liberty Mutual Grp Inc Inc Asset Mgmt Inc reported 8,736 shares. Selz Cap Limited Liability invested 2.39% in Autodesk, Inc. (NASDAQ:ADSK). Eagle Asset accumulated 396,961 shares.

Glg Llc decreased Altria Group Inc (NYSE:MO) stake by 92,274 shares to 25,000 valued at $1.79M in 2017Q4. It also reduced Alphabet Inc stake by 9,200 shares and now owns 30,268 shares. Citigroup Inc (NYSE:C) was reduced too.

Among 27 analysts covering Autodesk Inc. (NASDAQ:ADSK), 18 have Buy rating, 3 Sell and 6 Hold. Therefore 67% are positive. Autodesk Inc. had 125 analyst reports since August 4, 2015 according to SRatingsIntel. The company was downgraded on Wednesday, August 5 by Goldman Sachs. The firm earned “Buy” rating on Wednesday, March 7 by Cowen & Co. The stock of Autodesk, Inc. (NASDAQ:ADSK) earned “Sector Perform” rating by RBC Capital Markets on Friday, February 26. Canaccord Genuity downgraded the shares of ADSK in report on Tuesday, November 10 to “Hold” rating. The company was maintained on Friday, August 25 by Canaccord Genuity. As per Thursday, February 4, the company rating was maintained by RBC Capital Markets. The firm earned “Buy” rating on Sunday, September 3 by RBC Capital Markets. UBS maintained the stock with “Buy” rating in Wednesday, September 30 report. The company was maintained on Friday, August 26 by UBS. The company was maintained on Friday, December 4 by RBC Capital Markets.

Autodesk, Inc. (NASDAQ:ADSK) Institutional Positions Chart

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