SG Americas Securities LLC Decreases Stake in WESCO International, Inc. $WCC

SG Americas Securities LLC lowered its holdings in shares of WESCO International, Inc. (NYSE:WCC) by 40.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 14,101 shares of the technology company’s stock after selling 9,756 shares during the quarter. SG Americas Securities LLC’s holdings in WESCO International were worth $3,858,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of WCC. Cornerstone Planning Group LLC boosted its stake in shares of 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 during the period. Torren Management LLC purchased a new position in WESCO International during the 4th quarter worth $32,000. Brown Brothers Harriman & Co. raised 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 acquiring an additional 83 shares in the last quarter. Hilton Head Capital Partners LLC purchased a new stake in shares of WESCO International in the 4th quarter worth approximately $39,000. Finally, V Square Quantitative Management LLC bought a new stake in WESCO International during the 4th quarter valued at $52,000. Hedge funds and other institutional investors own 93.75% of the company’s stock.

Insider Transactions at WESCO International

In other WESCO International news, EVP Diane Lazzaris sold 9,910 shares of the firm’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $359.48, for a total transaction of $3,562,446.80. Following the transaction, the executive vice president directly owned 19,611 shares of the company’s stock, valued at approximately $7,049,762.28. This trade represents a 33.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Akash Khurana sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $359.13, for a total value of $1,436,520.00. Following the completion of the transaction, the executive vice president directly owned 30,775 shares in the company, valued at approximately $11,052,225.75. The trade was a 11.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 144,486 shares of company stock valued at $51,846,641 over the last three months. 2.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on WCC shares. KeyCorp raised their target price on shares of WESCO International from $340.00 to $415.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Royal Bank Of Canada increased their price target on shares of WESCO International from $352.00 to $411.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. Weiss Ratings upgraded WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Barclays boosted their target price on shares of WESCO International from $313.00 to $375.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Finally, DA Davidson assumed coverage on WESCO International in a report on Tuesday, June 16th. They issued a “buy” rating and a $440.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, WESCO International has an average rating of “Buy” and a consensus price target of $334.56.

WESCO International Price Performance

WCC stock opened at $340.81 on Tuesday. The stock has a market cap of $16.60 billion, a price-to-earnings ratio of 24.22, a price-to-earnings-growth ratio of 2.18 and a beta of 1.53. WESCO International, Inc. has a 52-week low of $183.00 and a 52-week high of $377.90. The business has a fifty day moving average of $349.47 and a two-hundred day moving average of $303.20. The company has a quick ratio of 1.22, a current ratio of 2.12 and a debt-to-equity ratio of 1.13.

WESCO International (NYSE:WCC) last announced its earnings results on Thursday, April 30th. The technology company reported $3.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 13.82% and a net margin of 2.79%.The firm’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.21 earnings per share. WESCO International has set its FY 2026 guidance at 15.000-17.000 EPS. As a group, research analysts anticipate that WESCO International, Inc. will post 15.94 earnings per share for the current year.

WESCO International Dividend Announcement

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

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.