Amundi Sells 5,780 Shares of WESCO International, Inc. $WCC

Key Points

• Amundi reduced its WESCO International stake by 40.9% in the second quarter, selling 5,780 shares and retaining 8,352 shares valued at approximately $2.9 million. Institutional investors collectively own 93.75% of WESCO’s outstanding stock.
• WESCO reported quarterly EPS of $4.57, exceeding 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.
• Shares were trading at $357.07, up 3.8%, while analysts maintained a consensus “Buy” rating with an average price target of $394.17. WESCO also declared a quarterly dividend of $0.50 per share, representing a 0.6% yield.

Amundi cut its stake in WESCO International, Inc. (NYSE:WCC - Free Report) by 40.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,352 shares of the technology company's stock after selling 5,780 shares during the period. Amundi's holdings in WESCO International were worth $2,885,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in WCC. Bell Investment Advisors Inc bought a new stake in WESCO International during the 2nd quarter valued at about $26,000. Transamerica Financial Advisors LLC purchased a new stake in shares of WESCO International in the second quarter valued at approximately $27,000. Brown Brothers Harriman & Co. grew its stake in WESCO International by 166.0% in the third quarter. Brown Brothers Harriman & Co. now owns 133 shares of the technology company's stock worth $28,000 after purchasing an additional 83 shares in the last quarter. Jones Financial Companies Lllp bought a new position in WESCO International in the second quarter worth approximately $36,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in WESCO International during the 2nd quarter worth $38,000. Hedge funds and other institutional investors own 93.75% of the company's stock.

Insider Activity at WESCO International

In related news, EVP Akash Khurana sold 3,400 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $366.78, for a total transaction of $1,247,052.00. Following the completion of the sale, the executive vice president owned 27,404 shares of the company's stock, valued at $10,051,239.12. This represents a 11.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Daniel J. Castillo bought 960 shares of the stock in a transaction on Tuesday, August 4th. The stock was purchased at an average price of $365.89 per share, with a total value of $351,254.40. Following the completion of the purchase, the executive vice president owned 16,305 shares of the company's stock, valued at $5,965,836.45. This represents a 6.26% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 2.60% of the stock is currently owned by corporate insiders.

WESCO International Trading Up 3.8%

WCC opened at $357.07 on Friday. The firm has a market cap of $17.40 billion, a price-to-earnings ratio of 24.68, a PEG ratio of 2.11 and a beta of 1.53. The company has a current ratio of 2.09, a quick ratio of 1.23 and a debt-to-equity ratio of 1.13. WESCO International, Inc. has a 12 month low of $203.40 and a 12 month high of $385.37. The stock has a fifty day moving average price of $343.25 and a 200-day moving average price of $327.22.

WESCO International (NYSE:WCC - Get Free Report) last posted its 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 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%.The firm's quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.83 earnings per share. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. As a group, equities research analysts anticipate that WESCO International, Inc. will post 16.89 earnings per share for the current fiscal year.

WESCO International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 11th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Friday, September 11th. WESCO International's payout ratio is 13.82%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on WCC. Wall Street Zen cut WESCO International from a "buy" rating to a "hold" rating in a report on Sunday, July 12th. Zacks Research upgraded WESCO International from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 3rd. Royal Bank Of Canada lifted their price objective on WESCO International from $421.00 to $430.00 and gave the company an "outperform" rating in a report on Friday, July 31st. Stephens raised shares of WESCO International from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $350.00 to $400.00 in a research note on Tuesday, July 14th. Finally, DA Davidson began coverage on shares of WESCO International in a report on Tuesday, June 16th. They set a "buy" rating and a $440.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $394.17.

WESCO International Company Profile

WESCO International, Inc is a business-to-business distributor and supply chain solutions provider serving the electrical, communications, security, utility and broadband industries. The company supplies products such as electrical and electronic components, wire and cable, lighting, automation equipment, network infrastructure, security systems, safety products and utility equipment.

Through its distribution operations and supply chain services, WESCO helps commercial, industrial, institutional, utility and government customers manage procurement, inventory, logistics and other aspects of their operations.

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