Assenagon Asset Management S.A. Buys New Shares in WESCO International, Inc. $WCC

Key Points

• Assenagon Asset Management initiated a WESCO International stake of 16,946 shares valued at approximately $6.1 million during the third quarter. Institutional investors collectively own 93.75% of WESCO’s outstanding 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.
• Analyst sentiment remains positive, with the stock carrying a consensus “Buy” rating and an average price target of $402.83. WESCO also pays a quarterly dividend of $0.50 per share, equivalent to a 0.6% yield.

Assenagon Asset Management S.A. purchased a new stake in shares of WESCO International, Inc. (NYSE:WCC - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 16,946 shares of the technology company's stock, valued at approximately $6,094,000.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of WESCO International during the second quarter valued at $3,094,634,000. Bank of America Corp DE acquired a new stake in WESCO International during the 2nd quarter worth about $296,304,000. Bank of New York Mellon Corp purchased a new position in WESCO International during the 2nd quarter valued at about $249,503,000. Alyeska Investment Group L.P. grew its stake in WESCO International by 16.2% during the 2nd quarter. Alyeska Investment Group L.P. now owns 653,591 shares of the technology company's stock valued at $225,770,000 after acquiring an additional 91,321 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC purchased a new position in WESCO International during the 2nd quarter valued at about $175,189,000. Hedge funds and other institutional investors own 93.75% of the company's stock.

Insiders Place Their Bets

In related news, EVP Daniel J. Castillo purchased 960 shares of the firm's stock in a transaction dated Tuesday, August 4th. The stock was bought at an average price of $365.89 per share, for a total transaction of $351,254.40. Following the purchase, the executive vice president owned 16,305 shares in the company, valued at $5,965,836.45. The trade was a 6.26% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Akash Khurana sold 3,400 shares of the stock in a transaction dated Monday, August 17th. The shares were 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. This represents a 11.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.60% of the company's stock.

WESCO International Trading Down 0.0%

Shares of NYSE WCC opened at $341.95 on Wednesday. The stock has a market cap of $16.66 billion, a price-to-earnings ratio of 23.63, a PEG ratio of 2.04 and a beta of 1.54. The business has a 50 day simple moving average of $353.14 and a 200 day simple moving average of $343.67. WESCO International, Inc. has a 52 week low of $213.48 and a 52 week high of $388.64. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.23 and a current ratio of 2.09.

WESCO International (NYSE:WCC - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $6.67 billion for the quarter, compared to analyst estimates of $6.44 billion. WESCO International had a net margin of 2.84% and a return on equity of 14.95%. The company's revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter last year, the firm earned $3.83 earnings per share. WESCO International has set its FY 2026 guidance at 16.000-17.500 EPS. On average, research analysts predict that WESCO International, Inc. will post 16.77 earnings per share for the current fiscal year.

WESCO International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.6%. The ex-dividend date was Friday, September 11th. WESCO International's dividend payout ratio (DPR) is 13.82%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on WCC. Zacks Research upgraded WESCO International from a "hold" rating to a "strong-buy" rating in a report on Monday, August 3rd. Wall Street Zen cut shares of WESCO International from a "buy" rating to a "hold" rating in a report on Sunday, July 12th. Stephens raised shares of WESCO International from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $350.00 to $400.00 in a research report on Tuesday, July 14th. Weiss Ratings upgraded shares of WESCO International from a "hold (c+)" rating to a "buy (b)" rating in a research note on Thursday, October 8th. Finally, Royal Bank Of Canada upped their price objective on shares of WESCO International from $430.00 to $435.00 and gave the company an "outperform" rating in a research note on Wednesday, October 14th. One analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $402.83.

WESCO International Profile

WESCO International, Inc is a business-to-business provider of electrical, communications, security, and supply chain solutions. The company distributes products used in electrical and electronic systems, including wire and cable, lighting, circuit protection, automation and control equipment, data communications infrastructure, security products, and other electrical and industrial supplies.

WESCO serves a broad range of customers, including electrical and data communications contractors, industrial companies, original equipment manufacturers, utilities, commercial and institutional businesses, government entities, and telecommunications providers.

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