Ieq Capital LLC Purchases Shares of 11,154 WESCO International, Inc. $WCC

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

Several other large investors also recently made changes to their positions in the stock. Bell Investment Advisors Inc bought a new stake in WESCO International in the 2nd quarter valued at $26,000. Cornerstone Planning Group LLC increased its holdings in WESCO International by 92.7% during the 4th quarter. Cornerstone Planning Group LLC now owns 106 shares of the technology company’s stock worth $26,000 after purchasing an additional 51 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of WESCO International in the 2nd quarter valued at about $38,000. Torren Management LLC acquired a new stake in shares of WESCO International in the 4th quarter valued at about $32,000. Finally, Brown Brothers Harriman & Co. lifted its holdings in shares of WESCO International by 166.0% in the third quarter. Brown Brothers Harriman & Co. now owns 133 shares of the technology company’s stock valued at $28,000 after purchasing an additional 83 shares in the last quarter. Institutional investors own 93.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on WCC shares. Stephens upgraded WESCO International from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $350.00 to $400.00 in a report on Tuesday, July 14th. Wall Street Zen cut WESCO International from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Weiss Ratings raised shares of WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 17th. Royal Bank Of Canada lifted their price objective on shares of WESCO International from $421.00 to $430.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Finally, DA Davidson began coverage on shares of WESCO International in a research report on Tuesday, June 16th. They issued a “buy” rating and a $440.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $374.29.

WESCO International Stock Performance

WCC opened at $337.07 on Tuesday. The business’s 50-day simple moving average is $343.34 and its 200 day simple moving average is $323.05. WESCO International, Inc. has a 52-week low of $203.40 and a 52-week high of $385.37. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.23 and a current ratio of 2.09. The firm has a market capitalization of $16.43 billion, a PE ratio of 23.29, a PEG ratio of 2.08 and a beta of 1.54.

WESCO International (NYSE:WCC) last posted its quarterly earnings results on Thursday, July 30th. The technology company reported $4.57 earnings per share for the quarter, topping the consensus estimate of $3.98 by $0.59. WESCO International had a return on equity of 14.95% and a net margin of 2.84%.The firm had revenue of $6.67 billion for the quarter, compared to analyst estimates of $6.44 billion. During the same quarter in the previous year, the firm earned $3.83 EPS. The business’s quarterly 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. As a group, sell-side analysts expect that WESCO International, Inc. will post 16.77 earnings per share for the current fiscal year.

WESCO International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 12th were 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 was Friday, June 12th. WESCO International’s payout ratio is presently 13.82%.

Insiders Place Their Bets

In other WESCO International news, Director Laura K. Thompson sold 270 shares of the company’s stock in a transaction 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 sale, the director directly owned 10,720 shares of the company’s stock, valued at approximately $3,949,784. This represents a 2.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Daniel J. Castillo purchased 960 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was purchased at an average price of $365.89 per share, with a total value of $351,254.40. Following the purchase, the executive vice president owned 16,305 shares of the company’s stock, valued at approximately $5,965,836.45. The trade was a 6.26% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 2.60% of the company’s stock.

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.