Chase Investment Counsel Corp Invests $11.08 Million in WESCO International, Inc. $WCC

Chase Investment Counsel Corp bought a new stake in shares of WESCO International, Inc. (NYSE:WCC) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 32,075 shares of the technology company’s stock, valued at approximately $11,079,000. WESCO International accounts for about 2.3% of Chase Investment Counsel Corp’s investment portfolio, making the stock its 19th biggest holding. Chase Investment Counsel Corp owned approximately 0.07% of WESCO International at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in WCC. Trust Point Inc. lifted its stake in WESCO International by 4.5% in the second quarter. Trust Point Inc. now owns 771 shares of the technology company’s stock valued at $266,000 after buying an additional 33 shares during the period. Cornerstone Planning Group LLC increased its stake in shares of WESCO International by 92.7% in the 4th quarter. Cornerstone Planning Group LLC now owns 106 shares of the technology company’s stock valued at $26,000 after acquiring an additional 51 shares in the last quarter. Bessemer Group Inc. increased its stake in shares of WESCO International by 2.4% in the 1st quarter. Bessemer Group Inc. now owns 2,214 shares of the technology company’s stock valued at $606,000 after acquiring an additional 51 shares in the last quarter. Lazard Asset Management LLC lifted its position in shares of WESCO International by 1.4% during the 2nd quarter. Lazard Asset Management LLC now owns 4,006 shares of the technology company’s stock valued at $740,000 after acquiring an additional 54 shares during the period. Finally, Parallel Advisors LLC boosted its stake in WESCO International by 11.5% during the fourth quarter. Parallel Advisors LLC now owns 581 shares of the technology company’s stock worth $142,000 after acquiring an additional 60 shares in the last quarter. Institutional investors own 93.75% of the company’s stock.

Insiders Place Their Bets

In other news, Director Laura K. Thompson sold 270 shares of WESCO International stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $368.45, for a total transaction of $99,481.50. Following the sale, the director directly owned 10,720 shares in the company, valued at $3,949,784. The trade was a 2.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Daniel J. Castillo acquired 960 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The shares were bought at an average price of $365.89 per share, with a total value 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. The trade was a 6.26% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 2.60% of the company’s stock.

WESCO International Stock Up 0.1%

WESCO International stock opened at $361.73 on Monday. WESCO International, Inc. has a fifty-two week low of $203.40 and a fifty-two week high of $385.37. The stock has a market cap of $17.63 billion, a PE ratio of 25.00, a price-to-earnings-growth ratio of 2.15 and a beta of 1.54. The firm’s 50-day simple moving average is $343.19 and its 200 day simple moving average is $320.76. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.23 and a current ratio of 2.09.

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 the consensus estimate of $3.98 by $0.59. The firm had revenue of $6.67 billion during 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%. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter last year, the business posted $3.83 EPS. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. Research analysts predict that WESCO International, Inc. will post 16.82 EPS for the current fiscal year.

WESCO International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 12th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $2.00 annualized dividend and a dividend yield of 0.6%. WESCO International’s dividend payout ratio (DPR) is currently 13.82%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on WCC shares. KeyCorp increased their price objective on shares of WESCO International from $340.00 to $415.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Wall Street Zen lowered WESCO International from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Weiss Ratings cut WESCO International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, July 31st. Stephens upgraded WESCO International from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $350.00 to $400.00 in a report on Tuesday, July 14th. Finally, Barclays lifted their price target on shares of WESCO International from $376.00 to $390.00 and gave the company an “overweight” rating in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, WESCO International presently has a consensus rating of “Buy” and an average price target of $374.29.

WESCO International Company 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.