Bank of America Corp DE Makes New $296.30 Million Investment in WESCO International, Inc. $WCC

Key Points

• Bank of America initiated a $296.3 million position in WESCO International during the second quarter, acquiring 857,783 shares, or approximately 1.76% of the company. Institutional investors collectively own 93.75% of WESCO’s stock.
• WESCO reported quarterly earnings of $4.57 per share, exceeding analyst expectations of $3.98, while revenue rose 13% year over year to $6.67 billion. The company guided to fiscal 2026 earnings of $16.00–$17.50 per share.
• Analysts maintain a consensus “Buy” rating with an average price target of $394.17, despite some recent downgrades to “Hold.” WESCO also declared a quarterly dividend of $0.50 per share, representing a 0.6% yield.

Bank of America Corp DE bought a new stake in WESCO International, Inc. (NYSE:WCC - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 857,783 shares of the technology company's stock, valued at approximately $296,304,000. Bank of America Corp DE owned about 1.76% of WESCO International as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. BlackRock Inc. purchased a new position in WESCO International in the second quarter valued at approximately $3,094,634,000. Bank of New York Mellon Corp lifted its position in shares of WESCO International by 10.3% during 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 buying an additional 84,905 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of WESCO International by 1.7% during the 4th 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 during the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of WESCO International during the 2nd quarter worth $175,189,000. Finally, Vaughan Nelson Investment Management L.P. grew its stake in shares of WESCO International by 8.4% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 404,730 shares of the technology company's stock worth $110,742,000 after acquiring an additional 31,210 shares during the period. 93.75% of the stock is owned by institutional investors.

WESCO International Price Performance

NYSE:WCC opened at $335.55 on Thursday. WESCO International, Inc. has a 52-week low of $203.40 and a 52-week high of $385.37. The stock has a fifty day moving average of $344.56 and a 200 day moving average of $328.34. 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 market capitalization of $16.35 billion, a price-to-earnings ratio of 23.19, a P/E/G ratio of 1.99 and a beta of 1.53.

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

WESCO International Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on WCC shares. Weiss Ratings cut WESCO International from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, September 1st. Barclays increased their target price 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. Royal Bank Of Canada lifted their target price on shares of WESCO International from $421.00 to $430.00 and gave the stock an "outperform" rating in a research note on Friday, July 31st. Stephens raised shares of WESCO International from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $350.00 to $400.00 in a research report on Tuesday, July 14th. Finally, Wall Street Zen cut shares of WESCO International from a "buy" rating to a "hold" rating in a research note on Sunday, July 12th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, WESCO International currently has a consensus rating of "Buy" and a consensus price target of $394.17.

Insider Buying and Selling at WESCO International

In other news, EVP Akash Khurana sold 3,400 shares of WESCO International stock in a transaction 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 directly owned 27,404 shares of the company's stock, valued at approximately $10,051,239.12. The trade was a 11.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Laura Thompson sold 270 shares of the company's stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $368.45, for a total transaction of $99,481.50. Following the completion of the transaction, the director owned 10,720 shares of the company's stock, valued at $3,949,784. This trade represents a 2.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.60% of the stock is currently owned by company insiders.

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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