3,878 Shares in WESCO International, Inc. $WCC Purchased by Auxano Advisors LLC

Key Points

• Auxano Advisors LLC acquired 3,878 WESCO International shares worth approximately $1.34 million in the second quarter. Institutional investors and hedge funds collectively own 93.75% of the company.
• Analyst sentiment remains positive, with WESCO carrying a consensus “Buy” rating and an average price target of $374.29; recent firms raised targets as high as $400.
• WESCO reported quarterly EPS of $4.57, beating expectations of $3.98, while revenue rose 13% year over year to $6.67 billion. The company also pays a quarterly dividend of $0.50 per share, representing a 0.5% annual yield.

Auxano Advisors LLC purchased a new position in shares of WESCO International, Inc. (NYSE:WCC - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,878 shares of the technology company's stock, valued at approximately $1,340,000.

A number of other institutional investors also recently added to or reduced their stakes in WCC. Vaughan Nelson Investment Management L.P. boosted its stake in shares of WESCO International by 8.4% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 404,730 shares of the technology company's stock valued at $110,742,000 after purchasing an additional 31,210 shares in the last quarter. Geode Capital Management LLC increased its position in shares of WESCO International by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 864,237 shares of the technology company's stock worth $211,473,000 after purchasing an additional 14,739 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. lifted its holdings in WESCO International by 74.8% during the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 186,012 shares of the technology company's stock valued at $45,506,000 after purchasing an additional 79,612 shares during the last quarter. Quent Long Short Global Small Cap Fund LP bought a new position in WESCO International during the 4th quarter valued at about $858,000. Finally, Public Employees Retirement Association of Colorado boosted its position in WESCO International by 1,674.7% in 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 in the last quarter. 93.75% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on WCC. Stephens raised shares of WESCO International from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $350.00 to $400.00 in a report on Tuesday, July 14th. Wall Street Zen downgraded WESCO International from a "buy" rating to a "hold" rating in a report on Sunday, July 12th. Weiss Ratings lowered WESCO International from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, July 31st. Zacks Research raised WESCO International from a "hold" rating to a "strong-buy" rating in a report on Monday, August 3rd. Finally, 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. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $374.29.

WESCO International Stock Up 2.9%

NYSE WCC opened at $371.96 on Tuesday. The stock has a market capitalization of $18.13 billion, a P/E ratio of 25.71, a price-to-earnings-growth ratio of 2.15 and a beta of 1.54. WESCO International, Inc. has a 52 week low of $203.40 and a 52 week high of $385.37. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.23 and a current ratio of 2.09. The stock has a fifty day moving average of $343.58 and a 200-day moving average of $321.36.

WESCO International (NYSE:WCC - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The technology company reported $4.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.98 by $0.59. The business had revenue of $6.67 billion for 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 firm's quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter last 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, equities research analysts forecast that WESCO International, Inc. will post 16.82 EPS for the current year.

WESCO International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 12th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.5%. WESCO International's payout ratio is 13.82%.

Insider Activity

In other news, Director Laura K. Thompson sold 270 shares of the company's stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $368.45, for a total value of $99,481.50. Following the completion of the sale, the director directly owned 10,720 shares of the company's stock, valued at $3,949,784. This represents a 2.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Daniel J. Castillo purchased 960 shares of the business's stock in a transaction that occurred on Tuesday, August 4th. The stock was purchased at an average price of $365.89 per share, for a total transaction of $351,254.40. Following the completion of the transaction, the executive vice president directly owned 16,305 shares in the company, valued at $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. Corporate insiders own 2.60% of the company's stock.

WESCO International 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.

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