Pzena Investment Management LLC Takes $24.70 Million Position in WESCO International, Inc. $WCC

Pzena Investment Management LLC acquired a new position in shares of WESCO International, Inc. (NYSE:WCC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 71,494 shares of the technology company’s stock, valued at approximately $24,696,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bell Investment Advisors Inc acquired a new position in WESCO International during the 2nd quarter worth approximately $26,000. Cornerstone Planning Group LLC boosted its holdings in WESCO International by 92.7% in the fourth quarter. Cornerstone Planning Group LLC now owns 106 shares of the technology company’s stock worth $26,000 after acquiring an additional 51 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in WESCO International in the second quarter valued at approximately $38,000. Torren Management LLC acquired a new stake in WESCO International in the fourth quarter valued at approximately $32,000. Finally, Brown Brothers Harriman & Co. increased its holdings in shares of WESCO International by 166.0% during 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. 93.75% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Royal Bank Of Canada upped their price objective on shares of WESCO International from $421.00 to $430.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. KeyCorp boosted 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 lowered shares of WESCO International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, July 31st. Barclays lifted their price target on WESCO International from $376.00 to $390.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. Finally, Stephens raised 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 research note on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $374.29.

WESCO International Stock Performance

NYSE WCC opened at $371.96 on Tuesday. WESCO International, Inc. has a 1 year low of $203.40 and a 1 year high of $385.37. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.09 and a quick ratio of 1.23. The firm has a market cap of $18.13 billion, a price-to-earnings ratio of 25.71, a PEG ratio of 2.15 and a beta of 1.54. The company has a fifty day moving average price of $343.58 and a 200-day moving average price of $321.36.

WESCO International (NYSE:WCC) last released its quarterly earnings results 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. WESCO International had a net margin of 2.84% and a return on equity of 14.95%. The company had revenue of $6.67 billion for the quarter, compared to analyst estimates of $6.44 billion. During the same period last year, the firm earned $3.83 earnings per share. The firm’s 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, equities research analysts predict that WESCO International, Inc. will post 16.82 EPS for the current fiscal year.

WESCO International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 12th were paid a $0.50 dividend. The ex-dividend date was Friday, June 12th. This represents a $2.00 annualized dividend and a yield of 0.5%. WESCO International’s dividend payout ratio (DPR) is 13.82%.

Insider Activity at WESCO International

In other news, EVP Daniel J. Castillo bought 960 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were purchased at an average price 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 in the company, valued at $5,965,836.45. This represents a 6.26% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Laura K. Thompson sold 270 shares of the company’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 value of $99,481.50. Following the completion of the transaction, 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 disclosure for this sale is available in the SEC filing. 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.