Wesco Intl (WCC) Shareholder Peconic Partners Trimmed Stake by $11.09 Million as Market Value Declined; Osborne Partners Capital Management Stake in Lyondellbasell Industries Nv (LYB) Decreased as Stock Declined

April 17, 2018 - By Winifred Garcia

WESCO International, Inc. (NYSE:WCC) Logo

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 $2.96 billion market cap company. The stock increased 1.37% or $0.85 during the last trading session, reaching $62.85. About 273,747 shares traded. WESCO International, Inc. (NYSE:WCC) has declined 10.64% since April 17, 2017 and is downtrending. It has underperformed by 22.19% the S&P500.

Osborne Partners Capital Management Llc decreased its stake in Lyondellbasell Industries Nv (LYB) by 4.57% based on its latest 2017Q4 regulatory filing with the SEC. Osborne Partners Capital Management Llc sold 4,961 shares as the company’s stock declined 5.31% with the market. The hedge fund held 103,703 shares of the major chemicals company at the end of 2017Q4, valued at $11.44 million, down from 108,664 at the end of the previous reported quarter. Osborne Partners Capital Management Llc who had been investing in Lyondellbasell Industries Nv for a number of months, seems to be less bullish one the $41.15 billion market cap company. The stock increased 1.46% or $1.5 during the last trading session, reaching $104.54. About 2.31M shares traded. LyondellBasell Industries N.V. (NYSE:LYB) has risen 17.51% since April 17, 2017 and is uptrending. It has outperformed by 5.96% the S&P500.

Analysts await LyondellBasell Industries N.V. (NYSE:LYB) to report earnings on April, 27 before the open. They expect $2.80 earnings per share, up 23.89% or $0.54 from last year’s $2.26 per share. LYB’s profit will be $1.10B for 9.33 P/E if the $2.80 EPS becomes a reality. After $2.73 actual earnings per share reported by LyondellBasell Industries N.V. for the previous quarter, Wall Street now forecasts 2.56% EPS growth.

Among 25 analysts covering LyondellBasell (NYSE:LYB), 10 have Buy rating, 3 Sell and 12 Hold. Therefore 40% are positive. LyondellBasell had 76 analyst reports since September 1, 2015 according to SRatingsIntel. The company was maintained on Monday, July 11 by Nomura. The stock of LyondellBasell Industries N.V. (NYSE:LYB) has “Sector Perform” rating given on Monday, February 6 by RBC Capital Markets. The firm has “Overweight” rating given on Monday, February 5 by Barclays Capital. RBC Capital Markets maintained the stock with “Hold” rating in Tuesday, October 31 report. The company was downgraded on Tuesday, October 10 by HSBC. Cowen & Co maintained it with “Hold” rating and $125.0 target in Wednesday, January 31 report. The firm has “Hold” rating given on Tuesday, October 3 by Cowen & Co. The company was maintained on Thursday, December 29 by Cowen & Co. The firm earned “Buy” rating on Tuesday, February 6 by Citigroup. On Wednesday, November 25 the stock rating was maintained by Cowen & Co with “Outperform”.

Investors sentiment increased to 0.91 in 2017 Q4. Its up 0.07, from 0.84 in 2017Q3. It is positive, as 51 investors sold LYB shares while 271 reduced holdings. 88 funds opened positions while 206 raised stakes. 288.04 million shares or 0.22% more from 287.42 million shares in 2017Q3 were reported. Paloma Prtn Management holds 0.08% or 53,976 shares in its portfolio. Bessemer Group invested in 0.75% or 1.75 million shares. Art Advsr Ltd Liability reported 22,600 shares. Moreover, Ls Inv Advsr Limited Co has 0.15% invested in LyondellBasell Industries N.V. (NYSE:LYB) for 22,860 shares. American Insurance Tx accumulated 38,175 shares. Guggenheim Cap reported 679,084 shares stake. Cambridge Investment Research Advisors owns 0.04% invested in LyondellBasell Industries N.V. (NYSE:LYB) for 31,090 shares. 1.87 million were accumulated by Legal General Group Inc Public Limited. Employees Retirement Systems Of Texas has 0.22% invested in LyondellBasell Industries N.V. (NYSE:LYB). Kbc Grp Nv has 0.25% invested in LyondellBasell Industries N.V. (NYSE:LYB). Bnp Paribas Arbitrage Sa owns 336,554 shares for 0.06% of their portfolio. Driehaus Management Lc stated it has 0.01% in LyondellBasell Industries N.V. (NYSE:LYB). Stifel Corp invested in 171,996 shares or 0.06% of the stock. 447 were reported by Gemmer Asset Mgmt Ltd. Mirae Asset Global Investments Com Limited reported 25,588 shares.

Analysts await WESCO International, Inc. (NYSE:WCC) to report earnings on April, 26 before the open. They expect $0.88 EPS, up 15.79% or $0.12 from last year’s $0.76 per share. WCC’s profit will be $41.42M for 17.86 P/E if the $0.88 EPS becomes a reality. After $1.03 actual EPS reported by WESCO International, Inc. for the previous quarter, Wall Street now forecasts -14.56% negative EPS growth.

Investors sentiment increased to 1.27 in Q4 2017. Its up 0.29, from 0.98 in 2017Q3. It increased, 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. Schwab Charles Invest Mgmt reported 0.01% stake. Waratah Cap Advsr has 0.29% invested in WESCO International, Inc. (NYSE:WCC). Brandywine Glob Inv Mngmt Limited Com reported 0.03% in WESCO International, Inc. (NYSE:WCC). State Of Alaska Department Of Revenue owns 2,900 shares. Great West Life Assurance Com Can stated it has 6,797 shares. Teacher Retirement Systems Of Texas, Texas-based fund reported 16,358 shares. Sei Investments Co reported 13,048 shares. Group Incorporated One Trading Lp owns 813 shares. Arrowstreet Capital Limited Partnership reported 0% in WESCO International, Inc. (NYSE:WCC). Amalgamated Bankshares stated it has 9,013 shares or 0.02% of all its holdings. Etrade Mgmt Lc has 0.01% invested in WESCO International, Inc. (NYSE:WCC) for 2,944 shares. Da Davidson Communications reported 3,659 shares. Verition Fund Mngmt Limited Liability owns 0.11% invested in WESCO International, Inc. (NYSE:WCC) for 18,091 shares. 102 were accumulated by Golden Gate Private Equity Inc. 6,738 are owned by Guggenheim Cap Ltd Com.

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. had 71 analyst reports since July 24, 2015 according to SRatingsIntel. The stock of WESCO International, Inc. (NYSE:WCC) has “Outperform” rating given on Tuesday, September 15 by Credit Suisse. KeyBanc Capital Markets maintained WESCO International, Inc. (NYSE:WCC) on Wednesday, September 6 with “Buy” rating. The company was maintained on Wednesday, December 16 by Barclays Capital. The company was maintained on Tuesday, October 31 by Credit Suisse. Wells Fargo maintained it with “Outperform” rating and $67 target in Friday, October 6 report. On Wednesday, January 17 the stock rating was maintained by RBC Capital Markets with “Hold”. The rating was initiated by KeyBanc Capital Markets with “Overweight” on Thursday, December 1. The stock has “Outperform” rating by Wells Fargo on Friday, October 27. The company was maintained on Wednesday, October 11 by RBC Capital Markets. The firm has “Hold” rating by Oppenheimer given on Wednesday, June 7.

Since December 12, 2017, it had 0 insider purchases, and 3 sales for $473,804 activity. Singleton James Louis also sold $376,603 worth of WESCO International, Inc. (NYSE:WCC) on Tuesday, December 12.

Peconic Partners Llc, which manages about $661.53 million and $695.82M US Long portfolio, upped its stake in United Rentals Inc (NYSE:URI) by 124,508 shares to 139,508 shares, valued at $23.98 million in 2017Q4, according to the filing. It also increased its holding in Flexion Therapeutics Inc (NASDAQ:FLXN) by 548,248 shares in the quarter, for a total of 648,248 shares, and has risen its stake in Warrior Met Coal Inc.

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

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