Two Sigma Securities LLC Makes New $1.65 Million Investment in WESCO International, Inc. $WCC

Two Sigma Securities LLC bought a new position in WESCO International, Inc. (NYSE:WCC) during the second quarter, Holdings Channel.com reports. The firm bought 4,767 shares of the technology company’s stock, valued at approximately $1,647,000.

Other institutional investors also recently modified their holdings of the company. Alyeska Investment Group L.P. boosted its position in WESCO International by 16.2% in the second quarter. Alyeska Investment Group L.P. now owns 653,591 shares of the technology company’s stock worth $225,770,000 after purchasing an additional 91,321 shares during the last quarter. Cookson Peirce & Co. Inc. boosted its holdings in shares of WESCO International by 10.0% in the 2nd quarter. Cookson Peirce & Co. Inc. now owns 8,615 shares of the technology company’s stock worth $2,976,000 after buying an additional 786 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in WESCO International by 16.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,093 shares of the technology company’s stock valued at $2,450,000 after buying an additional 992 shares during the period. Hennessy Advisors Inc. bought a new position in WESCO International during the second quarter valued at about $9,188,000. Finally, Sheets Smith Wealth Management increased its holdings in WESCO International by 2.2% during the second quarter. Sheets Smith Wealth Management now owns 1,565 shares of the technology company’s stock worth $541,000 after buying an additional 34 shares during the last quarter. 93.75% of the stock is owned by institutional investors.

Insider Transactions at WESCO International

In related news, Director Laura K. Thompson sold 270 shares of the business’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $368.45, for a total transaction of $99,481.50. Following the sale, the director directly owned 10,720 shares in the company, valued at approximately $3,949,784. The trade was a 2.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Akash Khurana sold 3,400 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $366.78, for a total value of $1,247,052.00. Following the sale, the executive vice president directly owned 27,404 shares in the company, valued at $10,051,239.12. This trade represents a 11.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on WCC. Barclays lifted their price objective on shares of WESCO International from $376.00 to $390.00 and gave the stock an “overweight” rating in a research report on Monday, August 3rd. DA Davidson began coverage on shares of WESCO International in a research note on Tuesday, June 16th. They set a “buy” rating and a $440.00 price target for the company. Royal Bank Of Canada lifted their price target on shares of WESCO International from $421.00 to $430.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Weiss Ratings upgraded WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 17th. Finally, Wall Street Zen lowered WESCO International from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. One research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. Based on data from MarketBeat, WESCO International currently has a consensus rating of “Buy” and a consensus price target of $374.29.

WESCO International Price Performance

Shares of NYSE:WCC opened at $336.34 on Monday. The firm has a market capitalization of $16.39 billion, a PE ratio of 23.24, a P/E/G ratio of 2.01 and a beta of 1.54. The company has a quick ratio of 1.23, a current ratio of 2.09 and a debt-to-equity ratio of 1.13. The company has a 50-day moving average price of $342.01 and a two-hundred day moving average price of $324.14. WESCO International, Inc. has a twelve month low of $203.40 and a twelve month high of $385.37.

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

WESCO International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, September 11th. This represents a $2.00 annualized dividend and a dividend yield of 0.6%. WESCO International’s dividend payout ratio is currently 13.82%.

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.