Coastal Bridge Advisors LLC Makes New $3.07 Million Investment in WESCO International, Inc. $WCC

Coastal Bridge Advisors LLC purchased a new position in shares of WESCO International, Inc. (NYSE:WCC) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 8,899 shares of the technology company’s stock, valued at approximately $3,074,000.

Other hedge funds have also recently modified their holdings of the company. Cornerstone Planning Group LLC raised its position in shares of WESCO International by 92.7% in the 4th quarter. Cornerstone Planning Group LLC now owns 106 shares of the technology company’s stock valued at $26,000 after purchasing an additional 51 shares during the last quarter. Bell Investment Advisors Inc purchased a new stake in WESCO International during the 2nd quarter worth approximately $26,000. Transamerica Financial Advisors LLC purchased a new stake in WESCO International during the 2nd quarter worth approximately $27,000. Brown Brothers Harriman & Co. increased its stake in 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 purchasing an additional 83 shares in the last quarter. Finally, Torren Management LLC purchased a new position in shares of WESCO International in the fourth quarter worth $32,000. Institutional investors and hedge funds own 93.75% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Weiss Ratings upgraded shares of WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 17th. Wall Street Zen downgraded WESCO International from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Stephens upgraded WESCO International from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $350.00 to $400.00 in a research note on Tuesday, July 14th. Barclays lifted their price target on WESCO International from $376.00 to $390.00 and gave the stock an “overweight” rating in a research report on Monday, August 3rd. Finally, DA Davidson started coverage on WESCO International in a research note on Tuesday, June 16th. They set a “buy” rating and a $440.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $374.29.

Insider Transactions at WESCO International

In other news, EVP Daniel J. Castillo bought 960 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was purchased at an average cost of $365.89 per share, for a total transaction of $351,254.40. Following the purchase, the executive vice president directly owned 16,305 shares in the company, valued at approximately $5,965,836.45. This trade represents a 6.26% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Akash Khurana sold 3,400 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $366.78, for a total transaction of $1,247,052.00. Following the sale, the executive vice president directly owned 27,404 shares in the company, valued at $10,051,239.12. This trade represents a 11.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 2.60% of the company’s stock.

WESCO International Stock Performance

WCC opened at $351.00 on Friday. The company has a current ratio of 2.09, a quick ratio of 1.23 and a debt-to-equity ratio of 1.13. WESCO International, Inc. has a 12-month low of $203.40 and a 12-month high of $385.37. The firm has a 50 day moving average of $342.60 and a two-hundred day moving average of $323.90. The firm has a market capitalization of $17.10 billion, a PE ratio of 24.26, a P/E/G ratio of 2.07 and a beta of 1.54.

WESCO International (NYSE:WCC) last released its quarterly earnings data on Thursday, July 30th. The technology company reported $4.57 EPS for the quarter, beating the consensus estimate of $3.98 by $0.59. WESCO International had a net margin of 2.84% and a return on equity of 14.95%. The business had revenue of $6.67 billion for the quarter, compared to the consensus estimate of $6.44 billion. During the same period in the prior year, the firm earned $3.83 EPS. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. On average, analysts anticipate that WESCO International, Inc. will post 16.77 EPS for the current year.

WESCO International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 11th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Friday, September 11th. WESCO International’s dividend payout ratio (DPR) is 13.82%.

WESCO International 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.