Strs Ohio Lowers Stock Position in WESCO International, Inc. $WCC

Strs Ohio trimmed its holdings in shares of WESCO International, Inc. (NYSE:WCC) by 42.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,946 shares of the technology company’s stock after selling 15,508 shares during the period. Strs Ohio’s holdings in WESCO International were worth $4,430,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Root Financial Partners LLC acquired a new stake in shares of WESCO International during the 3rd quarter valued at approximately $37,000. First Horizon Advisors Inc. increased 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 in the last quarter. GAMMA Investing LLC raised its holdings in WESCO International by 33.0% during the third 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 last quarter. EverSource Wealth Advisors LLC boosted its position in WESCO International by 95.6% during the second quarter. EverSource Wealth Advisors LLC now owns 753 shares of the technology company’s stock worth $139,000 after purchasing an additional 368 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC acquired a new stake in WESCO International in the second quarter valued at $211,000. 93.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on WCC. Royal Bank Of Canada raised WESCO International from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $262.00 to $302.00 in a research note on Wednesday, November 19th. JPMorgan Chase & Co. upped their price target on shares of WESCO International from $260.00 to $290.00 and gave the company an “overweight” rating in a report on Friday, January 16th. Weiss Ratings reissued a “hold (c+)” rating on shares of WESCO International in a research note on Wednesday, January 21st. 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, January 12th. Finally, Wall Street Zen downgraded WESCO International from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $266.00.

WESCO International Trading Up 0.0%

Shares of WCC stock opened at $286.46 on Tuesday. WESCO International, Inc. has a 1-year low of $125.21 and a 1-year high of $291.01. The firm’s 50-day simple moving average is $264.47 and its 200-day simple moving average is $235.60. The firm has a market cap of $13.94 billion, a P/E ratio of 22.47, a PEG ratio of 1.82 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 posted its quarterly earnings results on Thursday, October 30th. The technology company reported $3.92 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $5.91 billion. During the same quarter last year, the firm posted $3.58 earnings per share. WESCO International’s 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 analysts forecast that WESCO International, Inc. will post 13.3 EPS for the current year.

WESCO International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued 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 was Friday, December 12th. WESCO International’s dividend payout ratio (DPR) is 14.27%.

Insider Activity

In other news, EVP Diane Lazzaris sold 7,522 shares of the business’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $256.00, for a total transaction of $1,925,632.00. Following the completion of the sale, the executive vice president owned 45,401 shares in the company, valued at approximately $11,622,656. The trade was a 14.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Christine Ann Wolf sold 4,685 shares of WESCO International stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $259.52, for a total transaction of $1,215,851.20. Following the transaction, the executive vice president owned 30,195 shares in the company, valued at $7,836,206.40. The trade was a 13.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 17,036 shares of company stock valued at $4,385,254 in the last three months. Corporate insiders own 3.10% of the company’s stock.

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.