WESCO International, Inc. $WCC Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. cut its position in WESCO International, Inc. (NYSE:WCC) by 8.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 132,983 shares of the technology company’s stock after selling 12,283 shares during the period. Vontobel Holding Ltd. owned 0.27% of WESCO International worth $47,819,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in WCC. BlackRock Inc. acquired a new stake in shares of WESCO International in the second quarter valued at about $3,094,634,000. Bank of New York Mellon Corp raised its holdings in WESCO International by 10.3% in 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 acquiring an additional 84,905 shares during the last quarter. Bank of America Corp DE acquired a new stake in WESCO International in the 2nd quarter valued at about $296,304,000. Alyeska Investment Group L.P. lifted 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 position in WESCO International in the 2nd quarter worth approximately $175,189,000. 93.75% of the stock is currently owned by hedge funds and other institutional investors.

WESCO International Trading Down 1.6%

WESCO International stock traded down $5.68 during midday trading on Friday, hitting $340.98. 520,350 shares of the stock were exchanged, compared to its average volume of 583,174. 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 stock’s 50-day simple moving average is $354.10 and its 200 day simple moving average is $342.18. WESCO International, Inc. has a fifty-two week low of $211.47 and a fifty-two week high of $388.64. The stock has a market capitalization of $16.62 billion, a price-to-earnings ratio of 23.56, a PEG ratio of 2.07 and a beta of 1.54.

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, beating the consensus estimate of $3.98 by $0.59. WESCO International had a net margin of 2.84% and a return on equity of 14.95%. The company had revenue of $6.67 billion for the quarter, compared to analyst estimates of $6.44 billion. During the same period in the previous year, the business posted $3.83 EPS. WESCO International’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 anticipate that WESCO International, Inc. will post 16.77 EPS for the current year.

WESCO International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, September 11th. WESCO International’s payout ratio is presently 13.82%.

Analyst Ratings Changes

Several brokerages have recently weighed in on WCC. Zacks Research upgraded WESCO International from a “hold” rating to a “strong-buy” rating in a report on Monday, August 3rd. Stephens raised WESCO International from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $350.00 to $400.00 in a report on Tuesday, July 14th. Barclays lifted their price objective on WESCO International from $390.00 to $437.00 and gave the stock an “overweight” rating in a research report on Monday, October 12th. Wall Street Zen lowered WESCO International from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Finally, Royal Bank Of Canada upped their target price on WESCO International from $430.00 to $435.00 and gave the company an “outperform” rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $402.83.

Insider Activity

In other WESCO International news, EVP Daniel J. Castillo bought 960 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was bought at an average price of $365.89 per share, with a total value of $351,254.40. Following the completion of the purchase, the executive vice president directly owned 16,305 shares in the company, valued at $5,965,836.45. The trade was a 6.26% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Laura K. Thompson sold 270 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $368.45, for a total value of $99,481.50. Following the sale, the director directly owned 10,720 shares of the company’s stock, valued at approximately $3,949,784. This trade represents a 2.46% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 2.60% of the company’s stock.

WESCO International Company 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.