SG Americas Securities LLC Buys 6,800 Shares of WESCO International, Inc. $WCC

SG Americas Securities LLC increased its stake in shares of WESCO International, Inc. (NYSE:WCC) by 172.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 10,742 shares of the technology company’s stock after purchasing an additional 6,800 shares during the quarter. SG Americas Securities LLC’s holdings in WESCO International were worth $2,272,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Lazard Asset Management LLC increased its position in WESCO International by 1.4% during the second quarter. Lazard Asset Management LLC now owns 4,006 shares of the technology company’s stock valued at $740,000 after acquiring an additional 54 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of WESCO International by 13.4% during the 2nd quarter. Parallel Advisors LLC now owns 507 shares of the technology company’s stock worth $94,000 after purchasing an additional 60 shares during the period. Farther Finance Advisors LLC grew its holdings in WESCO International by 6.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,340 shares of the technology company’s stock valued at $283,000 after purchasing an additional 79 shares during the last quarter. First Horizon Advisors Inc. raised its position in WESCO International by 129.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 232 shares of the technology company’s stock worth $43,000 after purchasing an additional 131 shares during the period. Finally, GAMMA Investing LLC raised its position in WESCO International by 33.0% in the 3rd quarter. GAMMA Investing LLC now owns 589 shares of the technology company’s stock worth $125,000 after purchasing an additional 146 shares during the period. 93.75% of the stock is currently owned by institutional investors.

WESCO International Stock Performance

WCC stock opened at $276.95 on Wednesday. WESCO International, Inc. has a 1-year low of $125.21 and a 1-year high of $279.04. The business has a 50-day moving average price of $259.87 and a 200 day moving average price of $229.94. The company has a market capitalization of $13.47 billion, a P/E ratio of 21.72, a PEG ratio of 1.74 and a beta of 1.45. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.09 and a quick ratio of 1.20.

WESCO International (NYSE:WCC) last issued its earnings results on Thursday, October 30th. The technology company reported $3.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.75 by $0.17. WESCO International had a net margin of 2.81% and a return on equity of 13.12%. The company had revenue of $6.20 billion for the quarter, compared to analysts’ expectations of $5.91 billion. During the same period in the prior year, the business earned $3.58 EPS. The firm’s quarterly revenue was up 12.9% on a year-over-year basis. WESCO International has set its FY 2025 guidance at 13.100-13.600 EPS. As a group, equities research analysts forecast that WESCO International, Inc. will post 13.3 EPS for the current fiscal year.

WESCO International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were paid a $0.4538 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $1.82 dividend on an annualized basis and a yield of 0.7%. WESCO International’s payout ratio is 14.27%.

Insiders Place Their Bets

In related news, EVP Diane Lazzaris sold 4,039 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $258.42, for a total transaction of $1,043,758.38. Following the sale, the executive vice president owned 45,401 shares of the company’s stock, valued at $11,732,526.42. This trade represents a 8.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Matthew S. Kulasa sold 790 shares of WESCO International stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $253.18, for a total value of $200,012.20. Following the completion of the transaction, the chief accounting officer owned 3,320 shares in the company, valued at $840,557.60. This trade represents a 19.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 17,036 shares of company stock worth $4,385,254 over the last 90 days. Company insiders own 3.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on WCC shares. Barclays upped their target price on WESCO International from $274.00 to $302.00 and gave the company an “overweight” rating in a research note on Monday. Royal Bank Of Canada raised WESCO International from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $262.00 to $302.00 in a research report on Wednesday, November 19th. JPMorgan Chase & Co. lifted their target price on WESCO International from $225.00 to $245.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Wall Street Zen upgraded shares of WESCO International from a “hold” rating to a “buy” rating in a report on Saturday, January 3rd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of WESCO International in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, WESCO International presently has an average rating of “Moderate Buy” and a consensus target price of $259.88.

WESCO International Profile

WESCO International, Inc is a leading global distributor of electrical, industrial, communications and utility products, serving a diverse customer base across maintenance, repair and operations (MRO), original equipment manufacturing (OEM) and construction markets. The company offers a comprehensive portfolio of products ranging from power distribution and automation solutions to data communications, security systems and lighting controls. Through an extensive branch network, WESCO provides critical components and value‐added services that help organizations streamline operations and improve reliability in their facilities and infrastructure.

In addition to its broad product offering, WESCO delivers advanced supply chain management and logistics solutions designed to optimize inventory levels, reduce downtime and lower overall procurement costs.