WESCO International, Inc. $WCC Stock Position Reduced by Generate Investment Management Ltd

Generate Investment Management Ltd lessened its holdings in WESCO International, Inc. (NYSE:WCC) by 61.9% in the 3rd quarter, Holdings Channel.com reports. The fund owned 18,029 shares of the technology company’s stock after selling 29,334 shares during the period. Generate Investment Management Ltd’s holdings in WESCO International were worth $6,483,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. BlackRock Inc. acquired a new position in shares of WESCO International during the second quarter valued at about $3,094,634,000. Bank of America Corp DE acquired a new stake in WESCO International in the 2nd quarter worth approximately $296,304,000. Bank of New York Mellon Corp acquired a new stake in WESCO International in the 2nd quarter worth approximately $249,503,000. Alyeska Investment Group L.P. boosted its stake in WESCO International by 16.2% in the 2nd quarter. Alyeska Investment Group L.P. now owns 653,591 shares of the technology company’s stock worth $225,770,000 after purchasing an additional 91,321 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in WESCO International during the 2nd quarter worth approximately $175,189,000. Hedge funds and other institutional investors own 93.75% of the company’s stock.

Insider Buying and Selling

In other WESCO International news, Director Laura K. Thompson sold 270 shares of the stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $368.45, for a total transaction of $99,481.50. Following the transaction, the director directly owned 10,720 shares of the company’s stock, valued at $3,949,784. This trade represents a 2.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Daniel J. Castillo bought 960 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was 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 of the company’s stock, valued at approximately $5,965,836.45. This trade represents a 6.26% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 2.60% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on WCC shares. Barclays raised their price target on shares of WESCO International from $390.00 to $437.00 and gave the stock an “overweight” rating in a report on Monday. DA Davidson began coverage on shares of WESCO International in a report on Tuesday, June 16th. They set a “buy” rating and a $440.00 target price for the company. Zacks Research upgraded WESCO International from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. Stephens raised WESCO International from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $350.00 to $400.00 in a report on Tuesday, July 14th. Finally, Weiss Ratings upgraded WESCO International from a “hold (c+)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. One research analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. According to MarketBeat.com, WESCO International presently has a consensus rating of “Buy” and a consensus target price of $402.83.

WESCO International Price Performance

WCC stock traded down $8.78 during mid-day trading on Wednesday, reaching $354.16. 255,819 shares of the company’s stock were exchanged, compared to its average volume of 596,033. The company has a market cap of $17.26 billion, a price-to-earnings ratio of 24.48, a price-to-earnings-growth ratio of 2.16 and a beta of 1.54. The stock’s 50 day moving average is $355.46 and its 200 day moving average is $340.98. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.09 and a quick ratio of 1.23. WESCO International, Inc. has a 12-month low of $211.47 and a 12-month high of $388.64.

WESCO International (NYSE:WCC) last posted its quarterly earnings data on Thursday, July 30th. The technology company reported $4.57 EPS for the quarter, beating analysts’ consensus estimates of $3.98 by $0.59. The business had revenue of $6.67 billion during the quarter, compared to analysts’ expectations of $6.44 billion. WESCO International had a return on equity of 14.95% and a net margin of 2.84%. The business’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 earnings per share. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. On average, research analysts expect that WESCO International, Inc. will post 16.77 EPS for the current year.

WESCO International Announces Dividend

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

WESCO International Profile

WESCO International, Inc is a global provider of electrical, communications, utility and supply chain solutions. Through its distribution and service operations, the company supplies products used in commercial, industrial, institutional, utility, data center, broadband and residential markets.

Its product offerings include electrical and electronic components, wire and cable, lighting and controls, network infrastructure, security and safety products, automation equipment, and general industrial supplies.