15,044 Shares in WESCO International, Inc. $WCC Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of WESCO International, Inc. (NYSE:WCC) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 15,044 shares of the technology company’s stock, valued at approximately $5,197,000.

Several other hedge funds have also bought and sold shares of WCC. Vaughan Nelson Investment Management L.P. boosted its stake in WESCO International by 8.4% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 404,730 shares of the technology company’s stock valued at $110,742,000 after buying an additional 31,210 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of WESCO International by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 864,237 shares of the technology company’s stock valued at $211,473,000 after acquiring an additional 14,739 shares during the last quarter. BlackRock Inc. purchased a new position in shares of WESCO International in the second quarter valued at $3,094,634,000. Van Lanschot Kempen Investment Management N.V. increased its position in WESCO International by 74.8% in the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 186,012 shares of the technology company’s stock worth $45,506,000 after purchasing an additional 79,612 shares during the last quarter. Finally, Algert Global LLC raised its stake in WESCO International by 103.3% during the second quarter. Algert Global LLC now owns 65,146 shares of the technology company’s stock valued at $22,503,000 after purchasing an additional 33,109 shares in the last quarter. Hedge funds and other institutional investors own 93.75% of the company’s stock.

Insider Transactions at WESCO International

In related news, Director Laura 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 $3,949,784. The trade was a 2.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Daniel J. Castillo bought 960 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The shares were purchased at an average cost of $365.89 per share, with a total value of $351,254.40. Following the transaction, the executive vice president directly owned 16,305 shares of the company’s stock, valued at $5,965,836.45. The trade was a 6.26% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 2.60% of the company’s stock.

WESCO International Trading Up 2.9%

Shares of NYSE:WCC opened at $361.60 on Wednesday. The company has a market capitalization of $17.62 billion, a PE ratio of 24.99, a P/E/G ratio of 2.08 and a beta of 1.53. The company has a current ratio of 2.09, a quick ratio of 1.23 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 business’s fifty day simple moving average is $340.87 and its 200-day simple moving average is $326.29.

WESCO International (NYSE:WCC) last issued its quarterly earnings data on Thursday, July 30th. The technology company reported $4.57 earnings per share for the quarter, beating analysts’ consensus estimates of $3.98 by $0.59. The company had revenue of $6.67 billion for the quarter, compared to the consensus estimate of $6.44 billion. WESCO International had a return on equity of 14.95% and a net margin of 2.84%.The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter last year, the company earned $3.83 earnings per share. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. As a group, equities research analysts predict that WESCO International, Inc. will post 16.89 earnings per share for the current fiscal year.

WESCO International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.6%. WESCO International’s payout ratio is presently 13.82%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Zacks Research upgraded WESCO International from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 3rd. DA Davidson started coverage on shares of WESCO International in a report on Tuesday, June 16th. They set a “buy” rating and a $440.00 price objective for the company. Royal Bank Of Canada upped their target price on WESCO International from $421.00 to $430.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Stephens upgraded shares of WESCO International from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $350.00 to $400.00 in a report on Tuesday, July 14th. Finally, Barclays raised their target price on shares of WESCO International from $376.00 to $390.00 and gave the company an “overweight” rating in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, WESCO International has a consensus rating of “Buy” and an average target price of $394.17.

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.