Algert Global LLC Grows Position in WESCO International, Inc. $WCC

Key Points

• Algert Global more than doubled its WESCO International stake in the second quarter, increasing holdings by 103.3% to 65,146 shares worth approximately $22.5 million. Institutional investors collectively own 93.75% of the company.
• 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 guided to fiscal 2026 EPS of $16.00–$17.50.
• Analysts maintain a generally positive outlook, with the stock carrying a consensus “Buy” rating and a $374.29 price target; however, two company insiders recently sold shares.

Algert Global LLC increased its stake in shares of WESCO International, Inc. (NYSE:WCC - Free Report) by 103.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 65,146 shares of the technology company's stock after acquiring an additional 33,109 shares during the quarter. Algert Global LLC owned about 0.13% of WESCO International worth $22,503,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Cibc World Market Inc. purchased a new position in shares of WESCO International during the second quarter valued at about $2,867,000. Sanctuary Advisors LLC purchased a new stake in shares of WESCO International in the second quarter worth about $3,658,000. Meiji Yasuda Asset Management Co Ltd. bought a new position in WESCO International during the second quarter valued at approximately $388,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in WESCO International during the 2nd quarter valued at approximately $175,189,000. Finally, Vista Investment Management purchased a new position in WESCO International during the 2nd quarter valued at approximately $4,559,000. 93.75% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Akash Khurana sold 3,400 shares of the company's stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $366.78, for a total transaction of $1,247,052.00. Following the transaction, the executive vice president owned 27,404 shares of the company's stock, valued at approximately $10,051,239.12. This represents a 11.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Laura K. Thompson sold 270 shares of the stock in a transaction that occurred on 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 owned 10,720 shares in the company, valued at approximately $3,949,784. The trade was a 2.46% 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.

Wall Street Analysts Forecast Growth

WCC has been the topic of several recent research reports. Wall Street Zen cut WESCO International from a "buy" rating to a "hold" rating in a report on Sunday, July 12th. Weiss Ratings raised shares of WESCO International from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, August 17th. DA Davidson initiated coverage on shares of WESCO International in a research report on Tuesday, June 16th. They issued a "buy" rating and a $440.00 price target on the stock. KeyCorp upped 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 increased their price objective for the company from $350.00 to $400.00 in a research report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. Based on data from MarketBeat.com, WESCO International currently has an average rating of "Buy" and a consensus price target of $374.29.

WESCO International Price Performance

Shares of WESCO International stock opened at $337.07 on Tuesday. The stock has a market cap of $16.43 billion, a price-to-earnings ratio of 23.29, a price-to-earnings-growth ratio of 2.08 and a beta of 1.54. 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 50 day moving average price of $343.34 and a 200-day moving average price of $323.05. WESCO International, Inc. has a one year low of $203.40 and a one year high of $385.37.

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

WESCO International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 12th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Friday, June 12th. WESCO International's dividend payout ratio is 13.82%.

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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