WESCO International, Inc. $WCC Stock Holdings Lessened by New York State Teachers Retirement System

New York State Teachers Retirement System cut its holdings in WESCO International, Inc. (NYSE:WCC) by 16.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 22,070 shares of the technology company’s stock after selling 4,225 shares during the period. New York State Teachers Retirement System’s holdings in WESCO International were worth $4,668,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp raised its stake in WESCO International by 4.9% during the second quarter. Bank of New York Mellon Corp now owns 795,629 shares of the technology company’s stock worth $147,351,000 after acquiring an additional 36,843 shares during the period. River Road Asset Management LLC grew its holdings in shares of WESCO International by 56.0% during the second quarter. River Road Asset Management LLC now owns 605,918 shares of the technology company’s stock valued at $112,216,000 after purchasing an additional 217,417 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of WESCO International during the 2nd quarter worth approximately $75,136,000. Davis Selected Advisers raised its position in shares of WESCO International by 12.5% during the 2nd quarter. Davis Selected Advisers now owns 290,746 shares of the technology company’s stock worth $53,846,000 after purchasing an additional 32,243 shares during the period. Finally, Farmers & Merchants Investments Inc. lifted its holdings in shares of WESCO International by 1.8% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 193,277 shares of the technology company’s stock worth $35,795,000 after purchasing an additional 3,366 shares during the last quarter. Institutional investors own 93.75% of the company’s stock.

WESCO International Price Performance

Shares of NYSE WCC opened at $281.77 on Friday. The stock has a market cap of $13.71 billion, a P/E ratio of 22.10, a P/E/G ratio of 1.81 and a beta of 1.45. The firm’s 50-day simple moving average is $261.32 and its 200 day simple moving average is $231.30. WESCO International, Inc. has a fifty-two week low of $125.21 and a fifty-two week high of $285.20. The company has a quick ratio of 1.20, a current ratio of 2.09 and a debt-to-equity ratio of 1.18.

WESCO International (NYSE:WCC) last released its earnings results on Thursday, October 30th. The technology company reported $3.92 EPS for the quarter, beating the consensus estimate of $3.75 by $0.17. WESCO International had a net margin of 2.81% and a return on equity of 13.12%. The firm had revenue of $6.20 billion for the quarter, compared to analysts’ expectations of $5.91 billion. During the same quarter last year, the company earned $3.58 EPS. WESCO International’s quarterly revenue was up 12.9% on a year-over-year basis. WESCO International has set its FY 2025 guidance at 13.100-13.600 EPS. Equities analysts expect that WESCO International, Inc. will post 13.3 EPS for the current year.

WESCO International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were issued a dividend of $0.4538 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $1.82 annualized dividend and a yield of 0.6%. WESCO International’s payout ratio is presently 14.27%.

Insider Buying and Selling

In other news, CAO Matthew S. Kulasa sold 790 shares of the business’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $253.18, for a total value of $200,012.20. Following the sale, the chief accounting officer owned 3,320 shares of the company’s stock, valued at approximately $840,557.60. The trade was a 19.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Christine Ann Wolf sold 4,685 shares of the company’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $259.52, for a total value of $1,215,851.20. Following the completion of the sale, the executive vice president owned 30,195 shares of the company’s stock, valued at approximately $7,836,206.40. This trade represents a 13.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 17,036 shares of company stock valued at $4,385,254 over the last quarter. Corporate insiders own 3.30% of the company’s stock.

Analysts Set New Price Targets

WCC has been the subject of a number of recent research reports. Weiss Ratings restated a “hold (c+)” rating on shares of WESCO International in a research note on Wednesday, October 8th. Barclays boosted their price target on shares of WESCO International from $274.00 to $302.00 and gave the company an “overweight” rating in a report on Monday, January 12th. Wall Street Zen cut shares of WESCO International from a “buy” rating to a “hold” rating in a report on Saturday. Royal Bank Of Canada upgraded shares of WESCO International from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $262.00 to $302.00 in a research report on Wednesday, November 19th. Finally, KeyCorp upped their target price on shares of WESCO International from $258.00 to $300.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, WESCO International presently has an average rating of “Moderate Buy” and an average target price of $265.50.

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.