VIRGINIA RETIREMENT SYSTEMS ET Al Invests $5.20 Million in WESCO International, Inc. $WCC

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of WESCO International, Inc. (NYSE:WCC) during the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 15,044 shares of the technology company’s stock, valued at approximately $5,197,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of WCC. Vaughan Nelson Investment Management L.P. grew its position in WESCO International by 8.4% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 404,730 shares of the technology company’s stock worth $110,742,000 after purchasing an additional 31,210 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of WESCO International by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 864,237 shares of the technology company’s stock worth $211,473,000 after buying an additional 14,739 shares during the last quarter. BlackRock Inc. acquired a new stake in shares of WESCO International during the second quarter worth $3,094,634,000. Van Lanschot Kempen Investment Management N.V. grew its holdings in shares of WESCO International by 74.8% during the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 186,012 shares of the technology company’s stock valued at $45,506,000 after buying an additional 79,612 shares during the last quarter. Finally, Algert Global LLC increased its position in shares of WESCO International by 103.3% in the 2nd quarter. Algert Global LLC now owns 65,146 shares of the technology company’s stock valued at $22,503,000 after acquiring an additional 33,109 shares during the period. 93.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on WCC. Stephens upgraded WESCO International from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $350.00 to $400.00 in a research note on Tuesday, July 14th. Wall Street Zen lowered WESCO International from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Royal Bank Of Canada raised their price objective on WESCO International from $421.00 to $430.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Zacks Research raised WESCO International from a “hold” rating to a “strong-buy” rating in a report on Monday, August 3rd. Finally, DA Davidson started coverage on WESCO International in a research report on Tuesday, June 16th. They issued a “buy” rating and a $440.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, WESCO International has an average rating of “Buy” and a consensus target price of $394.17.

Insider Activity

In related news, Director Laura K. Thompson sold 270 shares of the 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Daniel J. Castillo acquired 960 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was purchased at an average cost of $365.89 per share, with a total value of $351,254.40. Following the acquisition, the executive vice president directly owned 16,305 shares of the company’s stock, valued at $5,965,836.45. This represents a 6.26% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 2.60% of the company’s stock.

WESCO International Price Performance

Shares of WCC opened at $361.60 on Wednesday. The business’s 50-day moving average is $340.87 and its two-hundred day moving average is $326.29. The company has a market capitalization of $17.62 billion, a P/E ratio of 24.99, a P/E/G ratio of 2.08 and a beta of 1.53. WESCO International, Inc. has a fifty-two week low of $203.40 and a fifty-two 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.

WESCO International (NYSE:WCC) last issued its quarterly earnings data 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 business had revenue of $6.67 billion during the quarter, compared to analysts’ expectations of $6.44 billion. WESCO International had a return on equity of 14.95% and a net margin of 2.84%.The company’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.83 EPS. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. Research analysts predict that WESCO International, Inc. will post 16.89 earnings per share for the current 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 paid a dividend of $0.50 per share. 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 dividend payout ratio (DPR) is presently 13.82%.

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.