WESCO International (NYSE:WCC) EVP Akash Khurana Sells 3,400 Shares

WESCO International, Inc. (NYSE:WCC) 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 transaction of $1,247,052.00. Following the completion of the sale, the executive vice president directly owned 27,404 shares of the company’s stock, valued at $10,051,239.12. The trade was a 11.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

WESCO International Price Performance

Shares of NYSE WCC opened at $343.70 on Thursday. The company has a market capitalization of $16.75 billion, a PE ratio of 23.75, a PEG ratio of 2.08 and a beta of 1.54. 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’s 50 day moving average price is $343.62 and its 200-day moving average price is $322.12. WESCO International, Inc. has a twelve month low of $203.40 and a twelve month high of $385.37.

WESCO International (NYSE:WCC) last posted its earnings results on Thursday, July 30th. The technology company reported $4.57 earnings per share for the quarter, topping analysts’ consensus estimates of $3.98 by $0.59. The business had revenue of $6.67 billion for the quarter, compared to analyst estimates of $6.44 billion. WESCO International had a net margin of 2.84% and a return on equity of 14.95%. WESCO International’s revenue was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.83 EPS. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. On average, equities analysts anticipate that WESCO International, Inc. will post 16.82 EPS for the current year.

WESCO International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 12th were paid 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 was Friday, June 12th. WESCO International’s payout ratio is 13.82%.

Analysts Set New Price Targets

Several brokerages recently commented on WCC. Wall Street Zen downgraded shares of WESCO International from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Barclays lifted their price objective on WESCO International from $376.00 to $390.00 and gave the company an “overweight” rating in a research report on Monday, August 3rd. DA Davidson started coverage on WESCO International in a research note on Tuesday, June 16th. They issued a “buy” rating and a $440.00 target price for the company. Stephens raised WESCO International from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $350.00 to $400.00 in a research note on Tuesday, July 14th. Finally, Zacks Research raised WESCO International from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating and eight have assigned 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.

Institutional Investors Weigh In On WESCO International

A number of institutional investors have recently modified their holdings of WCC. BlackRock Inc. bought a new position in shares of WESCO International during the second quarter valued at $3,094,634,000. Bank of New York Mellon Corp increased its stake in WESCO International by 10.3% during the 1st quarter. Bank of New York Mellon Corp now owns 907,473 shares of the technology company’s stock valued at $248,303,000 after purchasing an additional 84,905 shares in the last quarter. Geode Capital Management LLC raised its holdings in WESCO International by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 864,237 shares of the technology company’s stock worth $211,473,000 after buying an additional 14,739 shares during the last quarter. Bank of America Corp DE purchased a new position in WESCO International in the second quarter worth about $296,304,000. Finally, Alyeska Investment Group L.P. lifted its stake in shares of WESCO International by 16.2% in the second quarter. Alyeska Investment Group L.P. now owns 653,591 shares of the technology company’s stock worth $225,770,000 after buying an additional 91,321 shares in the last quarter. 93.75% of the stock is owned by hedge funds and other institutional investors.

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.