8,899 Shares in WESCO International, Inc. $WCC Acquired by Coastal Bridge Advisors LLC

Key Points

• Coastal Bridge Advisors acquired 8,899 WESCO International shares valued at approximately $3.07 million, while institutional investors collectively own 93.75% of the stock.
• WESCO reported quarterly earnings of $4.57 per share, beating estimates of $3.98, while revenue rose 13% year over year to $6.67 billion. The company issued fiscal 2026 EPS guidance of $16.00–$17.50.
• Analysts maintain a consensus “Buy” rating with an average price target of $374.29. WESCO also declared a quarterly dividend of $0.50 per share, equivalent to a 0.6% annualized yield.

Coastal Bridge Advisors LLC acquired a new position in shares of WESCO International, Inc. (NYSE:WCC - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 8,899 shares of the technology company's stock, valued at approximately $3,074,000.

A number of other institutional investors and hedge funds have also bought and sold shares of WCC. Trust Point Inc. grew its position in shares of WESCO International by 4.5% during the 2nd quarter. Trust Point Inc. now owns 771 shares of the technology company's stock worth $266,000 after buying an additional 33 shares in the last quarter. Cornerstone Planning Group LLC raised its holdings in shares of WESCO International by 92.7% in the fourth 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. raised its holdings in shares of WESCO International by 2.4% in the first 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 stake in WESCO International by 1.4% in the second quarter. Lazard Asset Management LLC now owns 4,006 shares of the technology company's stock worth $740,000 after acquiring an additional 54 shares during the period. Finally, Parallel Advisors LLC lifted its stake in WESCO International by 11.5% in 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 during the period. 93.75% of the stock is owned by institutional investors.

Insider Activity at WESCO International

In other news, EVP Daniel J. Castillo purchased 960 shares of the business's stock in a transaction on Tuesday, August 4th. The shares were acquired at an average cost of $365.89 per share, with a total value of $351,254.40. Following the completion of the acquisition, the executive vice president owned 16,305 shares of the company's stock, valued at $5,965,836.45. This trade represents a 6.26% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Akash Khurana sold 3,400 shares of the company's stock in a transaction on Monday, August 17th. The stock was sold at an average price of $366.78, for a total value of $1,247,052.00. Following the transaction, the executive vice president directly owned 27,404 shares in the company, valued at approximately $10,051,239.12. The trade was a 11.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.60% of the stock is currently owned by corporate insiders.

WESCO International Price Performance

Shares of WCC stock opened at $351.00 on Friday. The stock's 50-day moving average is $342.60 and its 200 day moving average is $323.90. WESCO International, Inc. has a 1-year low of $203.40 and a 1-year high of $385.37. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.09 and a quick ratio of 1.23. The company has a market cap of $17.10 billion, a P/E ratio of 24.26, a PEG ratio of 2.07 and a beta of 1.54.

WESCO International (NYSE:WCC - Get Free Report) last announced its earnings results on Thursday, July 30th. The technology company reported $4.57 EPS for the quarter, topping analysts' consensus estimates of $3.98 by $0.59. The business had revenue of $6.67 billion during the quarter, compared to the consensus estimate of $6.44 billion. WESCO International had a net margin of 2.84% and a return on equity of 14.95%. The firm's revenue was up 13.0% on a year-over-year basis. During the same period in the previous year, the company posted $3.83 earnings per share. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. Research analysts predict that WESCO International, Inc. will post 16.77 earnings per share for the current fiscal year.

WESCO International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 11th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is 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 is presently 13.82%.

Analyst Ratings Changes

A number of research firms have commented on WCC. KeyCorp raised their target price on shares of WESCO International from $340.00 to $415.00 and gave the company an "overweight" rating in a research report on Friday, May 1st. Barclays upped their price target on shares of WESCO International from $376.00 to $390.00 and gave the stock an "overweight" rating in a research report on Monday, August 3rd. Wall Street Zen downgraded shares of WESCO International from a "buy" rating to a "hold" rating in a research note on Sunday, July 12th. Royal Bank Of Canada lifted their price objective on shares of WESCO International from $421.00 to $430.00 and gave the company an "outperform" rating in a report on Friday, July 31st. Finally, Weiss Ratings raised shares of WESCO International from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $374.29.

About WESCO International

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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