Ieq Capital LLC Takes $3.85 Million Position in WESCO International, Inc. $WCC

Ieq Capital LLC purchased a new position in shares of WESCO International, Inc. (NYSE:WCC) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 11,154 shares of the technology company’s stock, valued at approximately $3,853,000.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of WESCO International in the second quarter worth about $3,094,634,000. Bank of New York Mellon Corp grew its stake in shares of WESCO International by 10.3% during the first quarter. Bank of New York Mellon Corp now owns 907,473 shares of the technology company’s stock valued at $248,303,000 after purchasing an additional 84,905 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of WESCO International by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 864,237 shares of the technology company’s stock valued at $211,473,000 after purchasing an additional 14,739 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its position in WESCO International by 8.4% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 404,730 shares of the technology company’s stock worth $110,742,000 after purchasing an additional 31,210 shares during the last quarter. Finally, Davis Selected Advisers raised its position in WESCO International by 24.6% in the 4th quarter. Davis Selected Advisers now owns 364,502 shares of the technology company’s stock worth $89,172,000 after purchasing an additional 71,932 shares during the last quarter. Institutional investors own 93.75% of the company’s stock.

Insider Buying and Selling

In related news, Director Laura K. Thompson sold 270 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $368.45, for a total transaction of $99,481.50. Following the completion of the transaction, the director owned 10,720 shares in the company, valued at approximately $3,949,784. The trade was a 2.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Akash Khurana sold 3,400 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $366.78, for a total transaction of $1,247,052.00. Following the completion of the sale, the executive vice president directly owned 27,404 shares of the company’s stock, valued at $10,051,239.12. The trade was a 11.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.60% of the stock is owned by insiders.

Analysts Set New Price Targets

WCC has been the topic of a number of recent research reports. KeyCorp increased their price objective on WESCO International from $340.00 to $415.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Wall Street Zen downgraded WESCO International from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Stephens raised WESCO International from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $350.00 to $400.00 in a research note on Tuesday, July 14th. Zacks Research upgraded WESCO International from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 3rd. Finally, Royal Bank Of Canada boosted their price objective on WESCO International from $421.00 to $430.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $374.29.

WESCO International Stock Down 3.5%

NYSE:WCC opened at $337.07 on Tuesday. The company has a quick ratio of 1.23, a current ratio of 2.09 and a debt-to-equity ratio of 1.13. WESCO International, Inc. has a 12-month low of $203.40 and a 12-month high of $385.37. The stock’s fifty day simple moving average is $343.34 and its 200-day simple moving average is $323.05. The firm has a market capitalization of $16.43 billion, a P/E ratio of 23.29, a P/E/G ratio of 2.08 and a beta of 1.54.

WESCO International (NYSE:WCC) last released its quarterly earnings data on Thursday, July 30th. The technology company reported $4.57 EPS for the quarter, beating analysts’ consensus estimates of $3.98 by $0.59. WESCO International had a return on equity of 14.95% and a net margin of 2.84%.The business had revenue of $6.67 billion during the quarter, compared to the consensus estimate of $6.44 billion. During the same quarter in the prior year, the company posted $3.83 earnings per share. The firm’s revenue was up 13.0% on a year-over-year basis. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. Equities research analysts expect that WESCO International, Inc. will post 16.77 earnings per share for the current year.

WESCO International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 12th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $2.00 annualized dividend and a yield of 0.6%. WESCO International’s dividend payout ratio (DPR) is presently 13.82%.

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.