Short Interest in WESCO International, Inc. (NYSE:WCC) Declines By 21.4%

WESCO International, Inc. (NYSE:WCC) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 2,049,346 shares, a drop of 21.4% from the December 15th total of 2,608,467 shares. Approximately 4.3% of the company’s shares are sold short. Based on an average trading volume of 450,889 shares, the short-interest ratio is currently 4.5 days. Based on an average trading volume of 450,889 shares, the short-interest ratio is currently 4.5 days. Approximately 4.3% of the company’s shares are sold short.

Insider Activity

In related news, CAO Matthew S. Kulasa sold 790 shares of the business’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $253.18, for a total value of $200,012.20. Following the sale, the chief accounting officer owned 3,320 shares of the company’s stock, valued at $840,557.60. The trade was a 19.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Diane Lazzaris sold 7,522 shares of the firm’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $256.00, for a total value of $1,925,632.00. Following the transaction, the executive vice president directly owned 45,401 shares of the company’s stock, valued at approximately $11,622,656. This represents a 14.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 17,036 shares of company stock valued at $4,385,254. Insiders own 3.10% of the company’s stock.

Institutional Trading of WESCO International

Several institutional investors have recently made changes to their positions in WCC. Brown Brothers Harriman & Co. lifted its position in shares of WESCO International by 166.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 133 shares of the technology company’s stock worth $28,000 after buying an additional 83 shares in the last quarter. Rothschild Investment LLC lifted its holdings in WESCO International by 788.2% during the third quarter. Rothschild Investment LLC now owns 151 shares of the technology company’s stock worth $32,000 after acquiring an additional 134 shares during the period. Root Financial Partners LLC purchased a new position in WESCO International in the third quarter worth $37,000. First Horizon Advisors Inc. grew its stake in WESCO International by 129.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 232 shares of the technology company’s stock valued at $43,000 after purchasing an additional 131 shares during the period. Finally, Rossby Financial LCC increased its position in shares of WESCO International by 117.4% during the 3rd quarter. Rossby Financial LCC now owns 200 shares of the technology company’s stock valued at $43,000 after purchasing an additional 108 shares during the last quarter. Institutional investors own 93.75% of the company’s stock.

Analysts Set New Price Targets

WCC has been the topic of a number of recent analyst reports. Royal Bank Of Canada raised WESCO International from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $262.00 to $302.00 in a research note on Wednesday, November 19th. Wall Street Zen downgraded shares of WESCO International from a “buy” rating to a “hold” rating in a research report on Saturday. KeyCorp increased their price objective on shares of WESCO International from $258.00 to $300.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Weiss Ratings restated a “hold (c+)” rating on shares of WESCO International in a report on Wednesday, October 8th. Finally, Barclays increased their price target on WESCO International from $274.00 to $302.00 and gave the stock an “overweight” rating in a report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, WESCO International has a consensus rating of “Moderate Buy” and an average target price of $265.50.

WESCO International Stock Down 0.8%

WCC traded down $2.14 during midday trading on Monday, hitting $281.77. The company had a trading volume of 523,023 shares, compared to its average volume of 370,264. The stock’s 50 day moving average price is $261.74 and its 200 day moving average price is $232.48. WESCO International has a 52 week low of $125.21 and a 52 week high of $285.20. The company has a market capitalization of $13.71 billion, a price-to-earnings ratio of 22.10, a PEG ratio of 1.79 and a beta of 1.45. The company has a quick ratio of 1.20, a current ratio of 2.09 and a debt-to-equity ratio of 1.18.

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

WESCO International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were paid a $0.4538 dividend. This represents a $1.82 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, December 12th. WESCO International’s dividend payout ratio (DPR) is 14.27%.

About WESCO International

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.