Alberta Investment Management Corp Acquires New Position in WESCO International, Inc. $WCC

Key Points

• Alberta Investment Management Corp. acquired 15,900 WESCO International shares valued at approximately $5.5 million, while institutional investors collectively own 93.75% of the company.
• WESCO reported quarterly EPS of $4.57, exceeding estimates of $3.98, on revenue of $6.67 billion, up 13% year over year. The company guided for fiscal 2026 EPS of $16.00–$17.50.
• Analysts maintain a consensus “Buy” rating with an average price target of $374.29, while WESCO’s quarterly dividend is $0.50 per share, representing a 0.5% annual yield.

Alberta Investment Management Corp bought a new position in shares of WESCO International, Inc. (NYSE:WCC - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,900 shares of the technology company's stock, valued at approximately $5,492,000.

A number of other large investors have also recently modified their holdings of WCC. Bank of New York Mellon Corp boosted its holdings in shares of 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 purchasing an additional 84,905 shares in the last quarter. Geode Capital Management LLC boosted its position in WESCO International by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 864,237 shares of the technology company's stock valued at $211,473,000 after buying an additional 14,739 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in WESCO International by 8.4% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 404,730 shares of the technology company's stock valued at $110,742,000 after buying an additional 31,210 shares in the last quarter. Davis Selected Advisers grew its stake in shares of WESCO International by 24.6% during the fourth quarter. Davis Selected Advisers now owns 364,502 shares of the technology company's stock worth $89,172,000 after buying an additional 71,932 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of WESCO International by 6.2% during the third quarter. Ameriprise Financial Inc. now owns 324,068 shares of the technology company's stock worth $68,541,000 after buying an additional 19,056 shares during the last quarter. Institutional investors and hedge funds own 93.75% of the company's stock.

WESCO International Stock Up 2.9%

WESCO International stock opened at $371.96 on Tuesday. The firm has a market cap of $18.13 billion, a price-to-earnings ratio of 25.71, a PEG 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 firm has a 50 day moving average price of $343.58 and a two-hundred day moving average price 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, topping analysts' consensus estimates of $3.98 by $0.59. The firm 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 company's revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period in the prior year, the business earned $3.83 EPS. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. Equities analysts predict that WESCO International, Inc. will post 16.82 EPS for the current year.

WESCO International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 12th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Friday, June 12th. WESCO International's dividend payout ratio (DPR) is presently 13.82%.

Insider Buying and Selling at WESCO International

In other WESCO International news, Director Laura K. Thompson sold 270 shares of WESCO International stock in a transaction on Wednesday, August 12th. The shares were 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 approximately $3,949,784. The trade was a 2.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Daniel J. Castillo acquired 960 shares of the company's stock in a transaction dated Tuesday, August 4th. The shares were bought at an average price of $365.89 per share, for a total transaction of $351,254.40. Following the acquisition, the executive vice president directly owned 16,305 shares of the company's stock, valued at approximately $5,965,836.45. This trade represents a 6.26% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 2.60% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on WCC shares. Wall Street Zen lowered shares of WESCO International from a "buy" rating to a "hold" rating in a report on Sunday, July 12th. Royal Bank Of Canada boosted their target price on shares of WESCO International from $421.00 to $430.00 and gave the stock an "outperform" rating in a report on Friday, July 31st. DA Davidson initiated coverage on shares of WESCO International in a research note on Tuesday, June 16th. They set a "buy" rating and a $440.00 price target for the company. KeyCorp raised their price target on shares of WESCO International from $340.00 to $415.00 and gave the company an "overweight" rating in a research note on Friday, May 1st. Finally, Stephens upgraded shares of WESCO International from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $350.00 to $400.00 in a report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $374.29.

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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