Short Interest in WESCO International, Inc. (NYSE:WCC) Expands By 29.4%

WESCO International, Inc. (NYSE:WCC) was the recipient of a significant increase in short interest in February. As of February 27th, there was short interest totaling 1,855,187 shares, an increase of 29.4% from the February 12th total of 1,433,499 shares. Currently, 3.9% of the shares of the stock are short sold. Based on an average trading volume of 521,247 shares, the days-to-cover ratio is currently 3.6 days. Based on an average trading volume of 521,247 shares, the days-to-cover ratio is currently 3.6 days. Currently, 3.9% of the shares of the stock are short sold.

Analyst Ratings Changes

A number of brokerages have commented on WCC. KeyCorp set a $340.00 price target on WESCO International in a research note on Wednesday, February 11th. Weiss Ratings reiterated a “hold (c+)” rating on shares of WESCO International in a report on Wednesday, January 21st. Barclays lifted their price target on shares of WESCO International from $302.00 to $313.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. JPMorgan Chase & Co. boosted their price target on shares of WESCO International from $260.00 to $290.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Finally, Wall Street Zen lowered shares of WESCO International from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $276.00.

Insider Buying and Selling

In other news, EVP Diane Lazzaris sold 17,294 shares of WESCO International stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $305.00, for a total transaction of $5,274,670.00. Following the sale, the executive vice president directly owned 29,065 shares of the company’s stock, valued at approximately $8,864,825. This trade represents a 37.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders have sold 20,114 shares of company stock valued at $6,128,353. 3.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On WESCO International

A number of large investors have recently modified their holdings of the company. Dean Capital Management grew its holdings in shares of WESCO International by 3.2% during the 4th quarter. Dean Capital Management now owns 10,230 shares of the technology company’s stock valued at $2,503,000 after purchasing an additional 317 shares during the last quarter. State of Tennessee Department of Treasury lifted its stake in WESCO International by 3.9% in the fourth quarter. State of Tennessee Department of Treasury now owns 18,835 shares of the technology company’s stock worth $4,608,000 after purchasing an additional 712 shares during the last quarter. Aureus Asset Management LLC bought a new stake in WESCO International in the fourth quarter worth $5,916,000. Dean Investment Associates LLC boosted its position in WESCO International by 1.9% during the fourth quarter. Dean Investment Associates LLC now owns 19,716 shares of the technology company’s stock valued at $4,823,000 after buying an additional 371 shares during the period. Finally, Public Employees Retirement Association of Colorado grew its stake in shares of WESCO International by 1,674.7% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 88,645 shares of the technology company’s stock valued at $21,686,000 after buying an additional 83,650 shares during the last quarter. 93.75% of the stock is currently owned by institutional investors.

WESCO International Stock Performance

NYSE:WCC traded down $1.62 during trading on Friday, reaching $256.08. The company’s stock had a trading volume of 614,807 shares, compared to its average volume of 577,364. The firm has a 50 day moving average of $286.33 and a 200-day moving average of $254.72. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.27 and a current ratio of 2.20. The firm has a market cap of $12.46 billion, a price-to-earnings ratio of 19.82, a price-to-earnings-growth ratio of 1.65 and a beta of 1.45. WESCO International has a 12 month low of $125.21 and a 12 month high of $319.67.

WESCO International (NYSE:WCC) last released its earnings results on Tuesday, February 10th. The technology company reported $3.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.82 by ($0.42). WESCO International had a return on equity of 13.00% and a net margin of 2.72%.The firm had revenue of $6.07 billion during the quarter, compared to analysts’ expectations of $6.03 billion. During the same period in the prior year, the business earned $3.16 earnings per share. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. WESCO International has set its FY 2026 guidance at 14.500-16.500 EPS. Research analysts expect that WESCO International will post 13.3 EPS for the current fiscal year.

WESCO International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, March 13th. This is a positive change from WESCO International’s previous quarterly dividend of $0.45. WESCO International’s payout ratio is presently 15.31%.

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.