PDT Partners LLC Buys Shares of 14,333 WESCO International, Inc. $WCC

PDT Partners LLC purchased a new stake in WESCO International, Inc. (NYSE:WCC) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 14,333 shares of the technology company’s stock, valued at approximately $4,951,000.

A number of other institutional investors also recently modified their holdings of the business. BlackRock Inc. acquired a new stake in shares of WESCO International in the 2nd quarter valued at approximately $3,094,634,000. Bank of New York Mellon Corp acquired a new position in WESCO International during the 2nd quarter worth approximately $249,503,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in WESCO International during the 2nd quarter worth approximately $175,189,000. Diamond Hill Capital Management LLC Investment Advisor bought a new position in WESCO International in the 2nd quarter valued at approximately $41,561,000. Finally, Public Employees Retirement Association of Colorado lifted its stake in WESCO International by 1,674.7% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 88,645 shares of the technology company’s stock valued at $21,686,000 after purchasing an additional 83,650 shares during the last quarter. Institutional investors and hedge funds own 93.75% of the company’s stock.

Insider Buying and Selling

In other WESCO International news, EVP Akash Khurana sold 3,400 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $366.78, for a total value of $1,247,052.00. Following the sale, the executive vice president owned 27,404 shares in the company, valued at approximately $10,051,239.12. The trade was a 11.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Daniel J. Castillo purchased 960 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The stock was bought at an average cost of $365.89 per share, with a total value of $351,254.40. Following the purchase, the executive vice president owned 16,305 shares of the company’s stock, valued at approximately $5,965,836.45. This trade represents a 6.26% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 2.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. 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 note on Friday, May 1st. Stephens raised WESCO International from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $350.00 to $400.00 in a report on Tuesday, July 14th. DA Davidson began coverage on WESCO International in a research report on Tuesday, June 16th. They set a “buy” rating and a $440.00 price objective on the stock. Wall Street Zen cut WESCO International from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Finally, Weiss Ratings upgraded WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. According to MarketBeat.com, WESCO International has a consensus rating of “Buy” and an average price target of $374.29.

WESCO International Trading Up 0.7%

WCC opened at $339.38 on Wednesday. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.09 and a quick ratio of 1.23. WESCO International, Inc. has a fifty-two week low of $203.40 and a fifty-two week high of $385.37. The company’s 50 day moving average price is $343.01 and its two-hundred day moving average price is $323.32. The firm has a market capitalization of $16.54 billion, a price-to-earnings ratio of 23.45, a PEG ratio of 2.01 and a beta of 1.54.

WESCO International (NYSE:WCC) last released its quarterly earnings results 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 firm had revenue of $6.67 billion during the quarter, compared to the consensus estimate of $6.44 billion. WESCO International had a net margin of 2.84% and a return on equity of 14.95%. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter last year, the firm earned $3.83 earnings per share. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. As a group, research analysts predict that WESCO International, Inc. will post 16.77 earnings per share for the current year.

WESCO International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 12th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Friday, June 12th. WESCO International’s dividend payout ratio 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.