WESCO International (NYSE:WCC) EVP Acquires 1,400 Shares

WESCO International, Inc. (NYSE:WCC) EVP Daniel Castillo acquired 1,400 shares of the company’s stock in a transaction that occurred on Tuesday, March 31st. The shares were bought at an average cost of $266.06 per share, for a total transaction of $372,484.00. Following the transaction, the executive vice president owned 15,300 shares of the company’s stock, valued at $4,070,718. This represents a 10.07% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

WESCO International Stock Down 1.9%

WESCO International stock traded down $5.38 during trading hours on Thursday, reaching $277.08. The stock had a trading volume of 453,102 shares, compared to its average volume of 595,789. The company has a market cap of $13.48 billion, a price-to-earnings ratio of 21.22, a PEG ratio of 1.76 and a beta of 1.45. 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’s 50 day moving average price is $283.61 and its 200-day moving average price is $258.85. WESCO International, Inc. has a 52 week low of $125.21 and a 52 week high of $319.67.

WESCO International (NYSE:WCC) last released its quarterly earnings results on Tuesday, February 10th. The technology company reported $3.40 earnings per share for the quarter, missing analysts’ consensus estimates of $3.82 by ($0.42). WESCO International had a net margin of 2.72% and a return on equity of 13.00%. The firm had revenue of $6.07 billion during the quarter, compared to the consensus estimate of $6.03 billion. During the same quarter in the prior year, the business posted $3.16 earnings per share. The firm’s quarterly revenue was up 10.3% on a year-over-year basis. WESCO International has set its FY 2026 guidance at 14.500-16.500 EPS. Sell-side analysts anticipate that WESCO International, Inc. will post 13.3 EPS for the current year.

WESCO International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.7%. This is a positive change from WESCO International’s previous quarterly dividend of $0.45. The ex-dividend date was Friday, March 13th. WESCO International’s payout ratio is 15.31%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on WCC. Barclays upped their price target on WESCO International from $302.00 to $313.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. KeyCorp set a $340.00 price objective on WESCO International in a research report on Wednesday, February 11th. Royal Bank Of Canada boosted their target price on WESCO International from $316.00 to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 11th. Weiss Ratings raised WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, March 20th. Finally, JPMorgan Chase & Co. increased their price target on WESCO International from $260.00 to $290.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, WESCO International has an average rating of “Buy” and an average target price of $276.00.

Institutional Investors Weigh In On WESCO International

A number of institutional investors and hedge funds have recently modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC boosted its position in 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. Public Employees Retirement Association of Colorado raised its position in WESCO International by 1,674.7% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 88,645 shares of the technology company’s stock worth $21,686,000 after buying an additional 83,650 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. raised its position in WESCO International by 74.8% during the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 186,012 shares of the technology company’s stock worth $45,506,000 after buying an additional 79,612 shares during the last quarter. Davis Selected Advisers lifted its stake in WESCO International by 24.6% during the 4th quarter. Davis Selected Advisers now owns 364,502 shares of the technology company’s stock valued at $89,172,000 after acquiring an additional 71,932 shares during the period. Finally, Azimuth Capital Investment Management LLC acquired a new stake in WESCO International during the 4th quarter valued at approximately $17,545,000. Institutional investors and hedge funds own 93.75% of the company’s stock.

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.