In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Wesco International Inc. (NYSE:WCC) reported that Edgepoint Investment Group Inc. has picked up 7,407,865 of common stock as of 2016-12-07.
The acquisition brings the aggregate amount owned by Edgepoint Investment Group Inc. to a total of 7,407,865 representing a 11.0% stake in the company.
For those not familiar with the company, WESCO International, Inc. is a distributor of products and provider of supply chain management and logistics services used in industrial, construction, utility and commercial, institutional and government (CIG) markets. The Company is a provider of electrical, industrial and communications maintenance, repair and operating (MRO) and original equipment manufacturers (OEM) products, construction materials, and supply chain management and logistics services. It serves over 80,000 customers across the globe.
A glance at Wesco International Inc. (NYSE:WCC)’s key stats reveals a current market capitalization of $3.44 billion based on 48.56 million shares outstanding and a price at last close of $71.20 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-02-02, Obrien picked up 1,540 at a purchase price of $38.78. This brings their total holding to 1,550 as of the date of the filing.
On the sell side, the most recent transaction saw Lazzaris unload 5,028 shares at a sale price of $64.65. This brings their total holding to 8,525.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Wesco International Inc (NYSE:WCC) as things move forward to see if its progress aligns with these transactions.
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