Susquehanna Fundamental Investments LLC Takes Position in WESCO International, Inc. $WCC

Susquehanna Fundamental Investments LLC acquired a new position in shares of WESCO International, Inc. (NYSE:WCC) in the second quarter, Holdings Channel reports. The fund acquired 6,493 shares of the technology company’s stock, valued at approximately $2,243,000.

Several other institutional investors have also made changes to their positions in WCC. BlackRock Inc. bought a new stake in WESCO International in the second quarter valued at about $3,094,634,000. Bank of New York Mellon Corp raised its position in WESCO International by 10.3% in the first quarter. Bank of New York Mellon Corp now owns 907,473 shares of the technology company’s stock worth $248,303,000 after purchasing an additional 84,905 shares in the last quarter. Geode Capital Management LLC lifted its stake in WESCO International by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 864,237 shares of the technology company’s stock worth $211,473,000 after purchasing an additional 14,739 shares during the period. Bank of America Corp DE bought a new position in WESCO International during the second quarter worth about $296,304,000. Finally, Alyeska Investment Group L.P. boosted its holdings in WESCO International by 16.2% during the second quarter. Alyeska Investment Group L.P. now owns 653,591 shares of the technology company’s stock valued at $225,770,000 after purchasing an additional 91,321 shares in the last quarter. 93.75% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Laura K. Thompson sold 270 shares of WESCO International stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $368.45, for a total value of $99,481.50. Following the completion of the transaction, the director directly owned 10,720 shares of the company’s stock, valued at $3,949,784. The trade was a 2.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Daniel J. Castillo purchased 960 shares of WESCO International stock in a transaction that occurred on Tuesday, August 4th. The shares were bought at an average price of $365.89 per share, for a total transaction of $351,254.40. Following the transaction, the executive vice president owned 16,305 shares in the company, valued at $5,965,836.45. This represents a 6.26% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 2.60% of the company’s stock.

Analyst Upgrades and Downgrades

WCC has been the topic of several analyst reports. Royal Bank Of Canada upped their price objective on WESCO International from $421.00 to $430.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Wall Street Zen downgraded WESCO International from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Zacks Research raised WESCO International from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. Barclays upped their price target on WESCO International from $376.00 to $390.00 and gave the company an “overweight” rating in a research report on Monday, August 3rd. Finally, DA Davidson started coverage on WESCO International in a report on Tuesday, June 16th. They set a “buy” rating and a $440.00 price objective for the company. 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 a consensus rating of “Buy” and a consensus price target of $374.29.

WESCO International Stock Performance

NYSE WCC opened at $331.16 on Wednesday. WESCO International, Inc. has a 1-year low of $203.40 and a 1-year high of $385.37. The company has a 50 day moving average of $340.99 and a 200-day moving average of $324.73. The company has a current ratio of 2.09, a quick ratio of 1.23 and a debt-to-equity ratio of 1.13. The firm has a market cap of $16.14 billion, a price-to-earnings ratio of 22.89, a PEG ratio of 2.02 and a beta of 1.53.

WESCO International (NYSE:WCC) last announced its earnings results on Thursday, July 30th. The technology company reported $4.57 EPS for the quarter, topping the consensus estimate of $3.98 by $0.59. The business had revenue of $6.67 billion for the quarter, compared to the consensus estimate of $6.44 billion. WESCO International had a return on equity of 14.95% and a net margin of 2.84%.WESCO International’s revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the business earned $3.83 EPS. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. On average, equities analysts forecast that WESCO International, Inc. will post 16.89 earnings per share for the current fiscal year.

WESCO International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $2.00 dividend on an annualized basis and a yield of 0.6%. WESCO International’s payout ratio is currently 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.