Headlands Technologies LLC Invests $686,000 in WESCO International, Inc. $WCC

Headlands Technologies LLC acquired a new position in WESCO International, Inc. (NYSE:WCC) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 1,987 shares of the technology company’s stock, valued at approximately $686,000.

Other large investors have also recently added to or reduced their stakes in the company. Trust Point Inc. raised its stake in WESCO International by 4.5% during the 2nd quarter. Trust Point Inc. now owns 771 shares of the technology company’s stock valued at $266,000 after acquiring an additional 33 shares in the last quarter. Sheets Smith Wealth Management grew its stake in shares of WESCO International by 2.2% in the second quarter. Sheets Smith Wealth Management now owns 1,565 shares of the technology company’s stock worth $541,000 after purchasing an additional 34 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of WESCO International by 2.4% in the first quarter. Bessemer Group Inc. now owns 2,214 shares of the technology company’s stock worth $606,000 after purchasing an additional 51 shares in the last quarter. Lazard Asset Management LLC increased its holdings in shares of WESCO International by 1.4% during the second quarter. Lazard Asset Management LLC now owns 4,006 shares of the technology company’s stock valued at $740,000 after purchasing an additional 54 shares during the period. Finally, Parallel Advisors LLC increased its holdings in shares of WESCO International by 11.5% during the fourth quarter. Parallel Advisors LLC now owns 581 shares of the technology company’s stock valued at $142,000 after purchasing an additional 60 shares during the period. 93.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other WESCO International news, EVP Daniel J. Castillo bought 960 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were acquired at an average cost of $365.89 per share, for a total transaction of $351,254.40. Following the acquisition, the executive vice president directly owned 16,305 shares of the company’s stock, valued at $5,965,836.45. This trade represents a 6.26% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Akash Khurana sold 3,400 shares of the stock in a transaction that occurred on 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 sale, the executive vice president directly owned 27,404 shares of the company’s stock, valued at approximately $10,051,239.12. This represents a 11.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 2.60% of the company’s stock.

Analyst Upgrades and Downgrades

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

WESCO International Stock Up 0.4%

WCC opened at $333.25 on Thursday. WESCO International, Inc. has a one year low of $203.40 and a one year high of $385.37. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.23 and a current ratio of 2.09. The stock’s fifty day moving average is $340.63 and its 200-day moving average is $324.99. The company has a market capitalization of $16.24 billion, a PE ratio of 23.03, a P/E/G ratio of 1.97 and a beta of 1.53.

WESCO International (NYSE:WCC) last announced its quarterly earnings data on Thursday, July 30th. The technology company reported $4.57 earnings per share 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 in the prior year, the firm posted $3.83 earnings per share. The company’s revenue 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, equities analysts predict that WESCO International, Inc. will post 16.89 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. Shareholders of record on Friday, September 11th will be 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 of this dividend is Friday, September 11th. WESCO International’s dividend payout ratio is presently 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.