Jefferies Financial Group Inc. Acquires Shares of 1,894 WESCO International, Inc. $WCC

Jefferies Financial Group Inc. acquired a new stake in shares of WESCO International, Inc. (NYSE:WCC) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,894 shares of the technology company’s stock, valued at approximately $654,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in WCC. Public Employees Retirement System of Ohio purchased a new position in shares of WESCO International in the second quarter worth $24,985,000. Proficio Capital Partners LLC bought a new stake in WESCO International during the 2nd quarter valued at $281,000. Transamerica Financial Advisors LLC purchased a new stake in WESCO International during the 2nd quarter valued at $27,000. Corient Private Wealth LP purchased a new stake in WESCO International during the 2nd quarter valued at $16,970,000. Finally, Ausdal Financial Partners Inc. bought a new stake in WESCO International in the 2nd quarter worth $383,000. Institutional investors own 93.75% of the company’s stock.

WESCO International Price Performance

Shares of WCC stock opened at $340.49 on Tuesday. The business’s fifty day moving average is $341.44 and its 200 day moving average is $324.52. The company has a quick ratio of 1.23, a current ratio of 2.09 and a debt-to-equity ratio of 1.13. The stock has a market cap of $16.59 billion, a price-to-earnings ratio of 23.53, a PEG ratio of 2.01 and a beta of 1.54. WESCO International, Inc. has a twelve month low of $203.40 and a twelve month high of $385.37.

WESCO International (NYSE:WCC) last announced 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 return on equity of 14.95% and a net margin of 2.84%.The business had revenue of $6.67 billion during the quarter, compared to analyst estimates of $6.44 billion. During the same quarter last year, the firm posted $3.83 earnings per share. The company’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. Research analysts expect that WESCO International, Inc. will post 16.77 EPS for the current fiscal year.

WESCO International Announces Dividend

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

Insider Activity at WESCO International

In related news, EVP Akash Khurana sold 3,400 shares of WESCO International stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $366.78, for a total transaction of $1,247,052.00. Following the completion of the transaction, the executive vice president directly owned 27,404 shares of the company’s stock, valued at $10,051,239.12. This trade represents a 11.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Laura K. Thompson sold 270 shares of the business’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $368.45, for a total transaction of $99,481.50. Following the sale, the director directly owned 10,720 shares in the company, valued at $3,949,784. The trade was a 2.46% decrease in their position. The disclosure for this sale is available in the SEC filing. 2.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Wall Street Zen cut shares of WESCO International from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Barclays increased their target price on shares of WESCO International from $376.00 to $390.00 and gave the stock an “overweight” rating in a report on Monday, August 3rd. Zacks Research upgraded shares of WESCO International from a “hold” rating to a “strong-buy” rating in a report on Monday, August 3rd. Weiss Ratings raised shares of WESCO International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 17th. Finally, 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. One analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, WESCO International presently has an average rating of “Buy” and an average target price of $374.29.

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.