Quent Long Short Global Small Cap Fund LP Takes $858,000 Position in WESCO International, Inc. $WCC

Quent Long Short Global Small Cap Fund LP acquired a new stake in WESCO International, Inc. (NYSE:WCC) in the fourth quarter, HoldingsChannel reports. The firm acquired 3,506 shares of the technology company’s stock, valued at approximately $858,000.

A number of other institutional investors have also modified their holdings of WCC. Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of WESCO International by 19.5% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 686,630 shares of the technology company’s stock valued at $145,222,000 after buying an additional 111,930 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of WESCO International by 516.8% in the second quarter. BNP Paribas Financial Markets now owns 41,354 shares of the technology company’s stock valued at $7,659,000 after buying an additional 34,649 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of WESCO International by 6.2% in the third quarter. Ameriprise Financial Inc. now owns 324,068 shares of the technology company’s stock valued at $68,541,000 after buying an additional 19,056 shares during the last quarter. Handelsbanken Fonder AB raised its position in shares of WESCO International by 10.4% in the third quarter. Handelsbanken Fonder AB now owns 194,893 shares of the technology company’s stock valued at $41,220,000 after buying an additional 18,377 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of WESCO International by 11.3% in the third quarter. Russell Investments Group Ltd. now owns 170,577 shares of the technology company’s stock valued at $36,078,000 after buying an additional 17,377 shares during the last quarter. Institutional investors and hedge funds own 93.75% of the company’s stock.

WESCO International Stock Performance

Shares of NYSE:WCC opened at $317.96 on Friday. The firm has a market capitalization of $15.47 billion, a PE ratio of 24.35, a P/E/G ratio of 2.02 and a beta of 1.44. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.20 and a quick ratio of 1.27. The business has a 50-day moving average of $285.72 and a two-hundred day moving average of $268.49. WESCO International, Inc. has a 12 month low of $151.45 and a 12 month high of $330.00.

WESCO International (NYSE:WCC) last announced its quarterly earnings results on Tuesday, February 10th. The technology company reported $3.40 EPS for the quarter, missing the consensus estimate of $3.82 by ($0.42). WESCO International had a return on equity of 13.00% and a net margin of 2.72%.The firm had revenue of $6.07 billion for the quarter, compared to analyst estimates of $6.03 billion. During the same quarter in the prior year, the company earned $3.16 earnings per share. The business’s revenue was up 10.3% compared to the same quarter last year. WESCO International has set its FY 2026 guidance at 14.500-16.500 EPS. As a group, research analysts forecast that WESCO International, Inc. will post 15.55 earnings per share for the current year.

WESCO International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th were given a $0.50 dividend. The ex-dividend date of this dividend was Friday, March 13th. This is an increase from WESCO International’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 0.6%. WESCO International’s dividend payout ratio (DPR) is currently 15.31%.

Insider Buying and Selling at WESCO International

In other WESCO International news, EVP Daniel J. Castillo acquired 1,400 shares of the company’s stock in a transaction dated Tuesday, March 31st. The stock was bought at an average price of $266.06 per share, with a total value of $372,484.00. Following the completion of the transaction, the executive vice president directly owned 15,300 shares of the company’s stock, valued at approximately $4,070,718. The trade was a 10.07% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Diane Lazzaris sold 2,747 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $302.61, for a total transaction of $831,269.67. Following the completion of the sale, the executive vice president directly owned 28,865 shares of the company’s stock, valued at $8,734,837.65. The trade was a 8.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 20,114 shares of company stock valued at $6,128,353 in the last three months. Company insiders own 3.30% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. KeyCorp set a $340.00 target price on WESCO International in a research note on Wednesday, February 11th. Royal Bank Of Canada upped their target price on WESCO International from $316.00 to $335.00 and gave the company an “outperform” rating in a research note on Wednesday, February 11th. Weiss Ratings lowered WESCO International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, April 6th. JPMorgan Chase & Co. upped their target price on WESCO International from $260.00 to $290.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Finally, Wall Street Zen lowered WESCO International from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, WESCO International has an average rating of “Moderate Buy” and a consensus target price of $276.00.

WESCO International Company 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.