Short Interest in WESCO International, Inc. (NYSE:WCC) Drops By 21.4%

WESCO International, Inc. (NYSE:WCC) was the recipient of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 2,049,346 shares, a decrease of 21.4% from the December 15th total of 2,608,467 shares. Approximately 4.3% of the shares of the stock are sold short. Based on an average daily volume of 450,889 shares, the short-interest ratio is presently 4.5 days. Based on an average daily volume of 450,889 shares, the short-interest ratio is presently 4.5 days. Approximately 4.3% of the shares of the stock are sold short.

Insiders Place Their Bets

In other news, EVP Christine Ann Wolf sold 4,685 shares of the company’s stock in a transaction on Tuesday, November 11th. The stock was 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 in the company, valued at $7,836,206.40. This represents a 13.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Diane Lazzaris sold 4,039 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $258.42, for a total value of $1,043,758.38. Following the transaction, the executive vice president directly owned 45,401 shares of the company’s stock, valued at $11,732,526.42. This represents a 8.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 17,036 shares of company stock worth $4,385,254 over the last ninety days. Company insiders own 3.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Brown Brothers Harriman & Co. lifted its holdings in shares of WESCO International by 166.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 133 shares of the technology company’s stock valued at $28,000 after buying an additional 83 shares during the last quarter. Rothschild Investment LLC lifted its stake in WESCO International by 788.2% in the third quarter. Rothschild Investment LLC now owns 151 shares of the technology company’s stock valued at $32,000 after acquiring an additional 134 shares during the last quarter. Root Financial Partners LLC bought a new stake in WESCO International in the third quarter worth approximately $37,000. First Horizon Advisors Inc. increased its stake in shares of WESCO International by 129.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 232 shares of the technology company’s stock worth $43,000 after purchasing an additional 131 shares during the last quarter. Finally, Rossby Financial LCC raised its holdings in shares of WESCO International by 117.4% during the 3rd quarter. Rossby Financial LCC now owns 200 shares of the technology company’s stock valued at $43,000 after purchasing an additional 108 shares in the last quarter. 93.75% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on WCC shares. Barclays raised their price objective on shares of WESCO International from $274.00 to $302.00 and gave the company an “overweight” rating in a research report on Monday, January 12th. KeyCorp raised their target price on shares of WESCO International from $258.00 to $300.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. Wall Street Zen lowered shares of WESCO International from a “buy” rating to a “hold” rating in a research report on Saturday. Royal Bank Of Canada upgraded WESCO International from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $262.00 to $302.00 in a research report on Wednesday, November 19th. Finally, JPMorgan Chase & Co. raised their price objective on WESCO International from $260.00 to $290.00 and gave the stock an “overweight” rating in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $265.50.

WESCO International Stock Down 0.8%

NYSE:WCC traded down $2.14 during trading hours on Friday, hitting $281.77. 523,023 shares of the company’s stock traded hands, compared to its average volume of 385,604. WESCO International has a twelve month low of $125.21 and a twelve month high of $285.20. The firm has a market cap of $13.71 billion, a P/E ratio of 22.10, a P/E/G ratio of 1.79 and a beta of 1.45. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.20 and a current ratio of 2.09. The stock’s fifty day moving average price is $261.32 and its two-hundred day moving average price is $231.59.

WESCO International (NYSE:WCC) last issued its earnings results on Thursday, October 30th. The technology company reported $3.92 earnings per share for the quarter, beating analysts’ consensus estimates of $3.75 by $0.17. WESCO International had a return on equity of 13.12% and a net margin of 2.81%.The company had revenue of $6.20 billion for the quarter, compared to the consensus estimate of $5.91 billion. During the same quarter in the prior year, the company earned $3.58 EPS. The firm’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. On average, research analysts expect that WESCO International will post 13.3 earnings per share for the current fiscal year.

WESCO International Dividend Announcement

The company also recently disclosed 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. This represents a $1.82 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Friday, December 12th. WESCO International’s dividend payout ratio (DPR) is currently 14.20%.

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.