Lyrical Asset Management LP Has $159.38 Million Holdings in WESCO International, Inc. $WCC

Lyrical Asset Management LP trimmed its position in shares of WESCO International, Inc. (NYSE:WCC) by 4.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 651,484 shares of the technology company’s stock after selling 27,028 shares during the quarter. WESCO International accounts for approximately 2.2% of Lyrical Asset Management LP’s investment portfolio, making the stock its 20th largest holding. Lyrical Asset Management LP’s holdings in WESCO International were worth $159,379,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of WESCO International by 19.5% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 686,630 shares of the technology company’s stock worth $145,222,000 after acquiring an additional 111,930 shares in the last quarter. 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 valued at $89,172,000 after purchasing an additional 71,932 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in WESCO International by 4.8% in the fourth quarter. Bank of New York Mellon Corp now owns 822,568 shares of the technology company’s stock worth $201,233,000 after purchasing an additional 37,972 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of WESCO International by 516.8% during the second quarter. BNP Paribas Financial Markets now owns 41,354 shares of the technology company’s stock worth $7,659,000 after purchasing an additional 34,649 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake 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 in the last quarter. Institutional investors own 93.75% of the company’s stock.

WESCO International Price Performance

Shares of WCC stock opened at $353.80 on Monday. The firm has a market cap of $17.23 billion, a price-to-earnings ratio of 25.15, a PEG ratio of 2.23 and a beta of 1.53. WESCO International, Inc. has a 12 month low of $171.36 and a 12 month high of $377.90. The company has a quick ratio of 1.22, a current ratio of 2.12 and a debt-to-equity ratio of 1.13. The stock has a 50-day moving average price of $328.27 and a 200 day moving average price of $293.04.

WESCO International (NYSE:WCC) last issued its earnings results on Thursday, April 30th. The technology company reported $3.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.88 by $0.49. The company had revenue of $6.08 billion for the quarter, compared to analyst estimates of $5.86 billion. WESCO International had a net margin of 2.79% and a return on equity of 13.82%. The company’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.21 EPS. WESCO International has set its FY 2026 guidance at 15.000-17.000 EPS. Research analysts expect that WESCO International, Inc. will post 15.9 EPS for the current year.

WESCO International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 12th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Friday, June 12th. WESCO International’s payout ratio is currently 14.21%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on WCC. Barclays upped their price target on shares of WESCO International from $313.00 to $375.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Stephens boosted their target price on shares of WESCO International from $275.00 to $350.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. KeyCorp upped their target price on shares of WESCO International from $340.00 to $415.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Weiss Ratings raised shares of WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Finally, Royal Bank Of Canada boosted their price objective on shares of WESCO International from $352.00 to $411.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $321.38.

Insider Activity at WESCO International

In other WESCO International news, CFO David S. Schulz sold 31,951 shares of the company’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $360.44, for a total transaction of $11,516,418.44. Following the completion of the sale, the chief financial officer owned 77,038 shares in the company, valued at approximately $27,767,576.72. The trade was a 29.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Christine Ann Wolf sold 2,549 shares of the stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $355.25, for a total value of $905,532.25. Following the completion of the transaction, the executive vice president directly owned 29,570 shares in the company, valued at approximately $10,504,742.50. This trade represents a 7.94% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 144,486 shares of company stock worth $51,846,641. 2.60% of the stock is owned by company insiders.

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.